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Volkswagen Expects Pre-Owned Car Sales in India to Double This Year

By 2025, India’s used car market is expected to reach around 4-4.5 million vehicles.

With the opening of its first Das Welt auto showroom in 2012, Volkswagen entered the used car market in the country.

According to a top Volkswagen official, the company plans to double pre-owned car sales in India this year to 20,000 units due to a shift in customer preference toward used vehicles. Due to increased demand, the company expects to sell 20,000 pre-owned cars this calendar year, up from 10,000 last year.

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With the opening of its first Das Welt auto showroom in the country in 2012, the carmaker entered the used car market. It launched Das WeltAuto 3.0, the brand’s digital window for buying and selling used cars, in June of last year.

Volkswagen Expects Pre-Owned Car Sales in India to Double This Year
Volkswagen Expects Pre-Owned Car Sales in India to Double This Year

The coronavirus pandemic has increased the demand for personal mobility options. “People who can afford to buy another car are more likely to do so,” says the study “PTI quoted Volkswagen Passenger Cars India Brand Director Ashish Gupta as saying that new buyers are driving demand, which is now shifting to pre-owned vehicles.

According to a Frost & Sullivan study commissioned by Volkswagen earlier this year, the pre-owned car market in India is expected to reach around 4-4.5 million cars by 2025, nearly 1.5-2 times the new car market.

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He also stated that there has been a significant increase in the sale of high-priced cars in the premium and luxury segments. “There appears to be a lot of revenge buying going on in the market, with customers going out and splurging on expensive purchases,” says one customer “He went on to explain. According to global analysts, the current semiconductor chip shortage will last at least until the first half of 2022, he added.

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