The used two-wheeler market in India has displayed strong growth over the past five years. With transparent and convenient purchase processes offered by online & offline channels, customers are becoming increasingly confident while buying pre-owned vehicles. With more and more players entering the used two-wheeler market the sales of have really hit the new high!
CredR – an online marketplace dedicated to selling and buying of pre-owned two-wheelers here showcases, how the pre-owned two wheeler market fared in the first half of 2016 across the country. According to the data, the highest demand was witnessed in Delhi with 35% followed by Pune with 21%, Hyderabad 16%, Bangalore 14% and Mumbai with 14%. When comes to category preference by users, 56% of the customers preferred scooters, followed by 42% opting for motorcycles and a mere 2% for superbikes.
The top selling models that ruled the pre-owned two-wheeler space included Honda Activa, Bajaj Discover, Bajaj Pulsar, Suzuki Access and Bajaj Avenger. Also the demand for used two-wheelers was majorly seen in the age group 19-24 with 31%, followed by 25-36 with 48% and about 19% among the 37 – 55.