CARS24, India’s foremost AutoTech company specializing in pre-owned vehicles, has unveiled its much-anticipated DriveTime report. The escalating preference for affordability and value among consumers, coupled with the accessibility of flexible financing options and extended warranties, has firmly established pre-owned cars as a practical choice. Additionally, the advent of online marketplaces and digital platforms for buying and selling pre-owned vehicles has significantly enhanced the overall experience. With the seamless process of purchasing a car online, complete with financing and delivery options, acquiring a vehicle has never been more convenient. The DriveTime report sheds light on the key trends and factors influencing the car-buying landscape.
A notable trend driving this surge in pre-owned vehicle sales is the propensity of consumers to replace cars within a few years. This phenomenon can be attributed to various factors, including shifting preferences, the allure of newer models with advanced features, and the availability of enticing financing options. Consequently, an increasing number of individuals are opting to sell their used cars, fueling a thriving market for platforms like CARS24 that offer convenience, reliability, and a streamlined selling process.
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