Covid-19 impact: Over 54% potential buyers prefer used car, says study

The coronavirus-induced economic slowdown has eroded consumers’ purchasing power in a big way, and bringing significant changes in their car buying behaviour, showed a study by online auto classified Olx Auto.

Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much, and 54 per cent Indians who want to buy a car in the next six months would prefer to buy a pre-owned car, said the study released on Tuesday.

However, with 56 per cent of the respondents planning to buy a car in the next three-six months,