Pre-owned two wheelers grow faster than new vehicles

Clocks 17.9% CAGR in revenue terms from 2010-2015

Pre-owned two-wheeler sales have beaten the growth rate clocked by the new two-wheeler segment in India in recent times. While the new two-wheeler space had seen some setback thanks to demonetisation as well as the transition from BS III to BS IV emission norms, surprisingly, the used segment has proven to be immune to the same, both in the offline and online segments. Research shows that between 2010-2015 it witnessed a 17.9 per cent growth in revenue terms. 

Sample this: Transactions based online vehicle platform Droom has seen a 112 per cent growth rate in FY17