Uttar Pradesh, June, 2023: CARS24, India’s leading AutoTech Company, is making waves in Uttar Pradesh’s automotive market with an astounding 100 percent increase in the sale of used cars in the past 90 days, compared to the same period last year. By facilitating the purchase and sale of thousands of cars in the state, CARS24 has firmly established itself as the most trusted platform for pre-owned cars in Uttar Pradesh
Since its debut in 2015 with the launch of services in Lucknow, CARS24 has expanded its presence and currently operates in 35 cities across Uttar Pradesh. Customers in the state highly appreciate the practicality, affordability, and reliability of used cars, particularly when purchasing from a trusted platform like CARS24. Furthermore, the availability of zero down payment financing options has gained significant popularity in recent years, contributing to the increased demand for pre-owned vehicles and driving the company’s growth in the region.
CARS24’s exceptional growth in Uttar Pradesh’s automotive market can be attributed to its dedication to reliable services, customer experience, and a strong demand for practical and affordable used cars in the state. The government’s investments in road infrastructure have further facilitated this growth, establishing CARS24 as a trusted and prominent brand in Uttar Pradesh’s automotive sector.
Talking about the growth in the state, CARS24’s Co-Founder, Gajendra Jangid, added, “Uttar Pradesh is a rapidly growing auto market in India and holds a substantial share of approximately 15 percent in the country’s total auto sales. This makes it a region of immense significance to us. We are thrilled with the overwhelming response we have received from our valued customers in the state. Our dedication lies in simplifying the car buying and selling process, making it more accessible and hassle-free for everyone. We sincerely appreciate the trust placed in us by Uttar Pradesh car buyers and will continue to strive harder to surpass their expectations.”
Recent data from CARS24 reveals interesting insights into the dynamic used car market of Uttar Pradesh. Across various cities, distinct buying patterns highlight the influence of local demand and customer preferences. Lucknow and Ghaziabad demonstrate a strong affinity for the Hyundai Grand i10, while Noida favors the Maruti Baleno. Ghaziabad also showcases high demand for the Maruti Swift, Alto, and Ford Ecosport. In Kanpur and Meerut, a diverse range of models, including the Maruti Baleno, WagonR, Swift, Alto, and Ford Ecosport, dominate the pre-loved car market.
“Maruti: The Unstoppable King of the Preloved Road!”
Maruti Suzuki solidifies market dominance in Uttar Pradesh with the highest car sales in cities including Noida, Ghaziabad, Meerut & Lucknow during the first quarter of 2023. The Swift model emerges as the top choice among customers, thanks to its affordability, practicality, fuel efficiency, and compact size, perfectly meeting the preferences and requirements of consumers in the state.
Uttar Pradesh’s car buyers ditch the fancy for the practical
The automobile landscape in Uttar Pradesh is experiencing a significant shift, with a surge in the popularity of various car brands beyond the dominant Maruti models. Customers are open to exploring other options which has led to an increase in demand for cars such as the Renault Kwid, Ford EcoSport, and Hyundai Grand i10. These models in particular have captured the attention of local car buyers, showcasing their evolving preferences.
These choices reflect the desires of Uttar Pradesh car buyers who prioritize practicality and seek vehicles that cater to their daily commuting needs while ensuring comfort and reliability for their families. Affordability, reliability, and performance emerge as critical factors influencing vehicle choices.
The diversification in car preferences among Uttar Pradesh car buyers highlights the importance of providing a wide range of options that cater to their specific needs and priorities. As a leading platform for buying and selling used cars, CARS24 is well-equipped to meet the demands of car buyers in Uttar Pradesh.
Car Financing Takes the Driver’s Seat in Uttar Pradesh: 0 Down Payment Option Fuels Convenience and Flexibility!
Car financing has gained significant popularity among car buyers in Uttar Pradesh, as an increasing number of individuals choose this option to purchase a vehicle outright. The convenience of car financing is further enhanced by the availability of a 0 downpayment option provided by CARS24, simplifying the purchasing process for people. Data analysis reveals that salaried professionals account for the majority of loan applicants, with an average monthly installment (EMI) of ₹11,500 and a preferred financing tenure of 6 years. This emerging trend offers buyers in the region greater flexibility and a reduced payment burden, making car ownership more accessible and manageable.
Reshaping Car Sales: Indian Consumers Sell Cars Worth INR 1250 Crores in 90 Days
In Uttar Pradesh, CARS24 is present in cities including Agra, Aligarh, Allahabad, Azamgarh, Baghpat, Banda, Barabanki, Bareilly, Basti, Bulandshahar, Delhi NCR, Etah, Etawah, Faizabad, Firozabad, Gorakhpur, Hardoi, Hathras, Jaunpur, Jhansi, Kanpur, Lakhimpur, Lucknow, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Pilibhit, Raebareli, Saharanpur, Shahjahanpur, Sitapur, Unnao, and Varanasi.
According to CARS24’s DriveTime Quarterly Report, Indians have sold cars worth more than INR 1250 crores on the platform within just 90 days of 2023 on CARS24, indicating their confidence in the platform’s offerings. CARS24, operating in over 100 cities across India, is playing a crucial role in shaping the future of car sales and ownership as the automotive industry adapts to evolving trends and technologies.
