Indians Will Buy More Used Cars Than New One’s Post The Coronavirus Lockdown
                     Indians Will Buy More Used Cars Than New One’s 
Post The Coronavirus Lockdown
Overview
The lockdown has definitely affected our daily lives, social distancing is set to become the new normal at least for the 
next few months. In order to understand the changing consumer sentiments, purchasing behaviour, and commuting 
preferences in the post Covid world, we conducted a research study using various digital platforms. Based on the same 
study we earlier published a report charting the potential impact of the coronavirus on car purchases in India. According 
to it, a huge chunk of the Indian population might prefer to buy used cars instead of new cars post the lockdown.
Overview
The lockdown has altered many habits of people across the globe and lifestyle change is one of them. Health and safety 
will be the top priority for Indian masses as they prefer to use more their own vehicles and less of public transport for 
commuting once the lockdown is lifted. They’ve also turned out to be more economically conscious owing to the huge dip 
in the economy as a direct impact of the coronavirus lockdown which has left most businesses shut for 40 days and 
counting. A budget cut when purchasing is definitely on the card in many households due to financial constraints.
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Advantage
According to the report, ‘Family needs and risk of the infection‘ emerged as the major reason for consumers to buy cars 
in the post-Covidworld. Also, 46 percent of the consumers have registered a reduction in their overall budgets. In such a 
situation, buying a brand new car can be a stressful ordeal.  Buying a car was still a priority as 53 percent of the masses 
are likely to buy one in the next 6 months due to a lack of trust in the safety of public transport, the change in purchase 
preference is clearly visible. Before the outbreak of COVID-19, 40% of the subjects were willing to purchase a new car as 
opposed to 60% who were interested in buying a used car. However, after the spread of the pandemic and keeping in 
mind the monetary cuts, those who were willing to buy a new car decreased to a mere 31% and those interested in used 
cars increased by 9%.
Therefore it is plain to see that 22.5% of the consumers who were planning to buy a new car last year would now prefer 
to buy pre-owned cars because of the limited budgets and a plummeting economy.  What would be your choice of car 
after the lockdown, a pre-owned or a brand new one? Leave your answers in the comment below
Thank You