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telegraphindia.com 13 Sep, 2021 00:00 am

Chip crisis ramps up used car sales

Chip crisis ramps up used car sales
The OEM’s business-to-customer ventures such as Maruti’s TrueValue or Hyundai’s H Promise are witnessing an increase in enquiries

Chip crisis ramps up used car sales The OEM’s business-to-customer ventures such as Maruti’s TrueValue or Hyundai’s H Promise are witnessing an increase in enquiries Representational image.21, 12:43 AM The used car market is witnessing an uptake in sales with the semiconductor crisis impacting the supply of new cars.In such a scenario, the used car market will get a bigger boost.” There is no supply constraint in the used car business, said Hora.

“People are exchanging their cars for an upgraded used car.Scrappage advantage The central government’s recent scrappage policy is also supposed to give impetus to the used car business in the country where cars with a lower age are expected to drive the demand, industry experts said.

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