Bengaluru’s Shift to Smarter Spending: Pre-Owned Car Sales Jump 87 percent

PTI, Apr 19, 2024, 3:41 PM IST

Bengaluru is leading a significant shift in India’s automotive scenario, with a growing number of residents opting for pre-owned vehicles. Spearheaded by CARS24, India’s premier AutoTech company, the city has seen an impressive 87 percent growth in used car sales year on year. This trend highlights Bengaluru’s move towards more affordable and intelligent vehicle ownership options, catering to both budget-conscious and environmentally aware consumers. The rise in popularity of used cars in Bangalore reflects a practical approach to mobility, where quality and value meet sustainability.

Since the launch in Karnataka in 2015, with its first outlet in Bengaluru, CARS24 has rapidly expanded its presence and now serves customers in twelve (12) cities across the state. This expansion has established CARS24 as the preferred platform for both automobile enthusiasts and sellers alike, markedly transforming the pre-owned vehicle market. The city has witnessed a paradigm shift in car ownership perceptions particularly among the younger demographic. The surge in used car transactions in the city reflects a shared understanding of the economic advantages, convenience, and accessibility that come with pre-owned vehicles.