Jaipur, Rajasthan, April 27, 2023: CARS24, the top AutoTech company in India that deals with buying and selling pre-owned cars, has recorded an astounding 91 percent surge in car sales in the last 90 days in Rajasthan (Q1 of 2023). The company’s expansion into new markets and the successful adoption of its trustworthy services by customers have been instrumental in driving its consistent growth. With people purchasing over a thousand cars in the state, CARS24 has established itself as a formidable player in the used car market in Rajasthan.
CARS24 entered the Rajasthan market in 2016 with the launch of its services in Jaipur, and since then, it has gradually expanded its footprint and now operates in 15 cities across the state. Rajasthan holds significant importance for the company, with more people moving towards personal mobility and opting for pre-owned vehicles due to their affordability. Customers in Rajasthan value the practicality and reliability of used cars, especially when purchasing from a trusted platform like CARS24. This has led to a rise in demand for pre-owned vehicles in the state, further driving the company’s growth in the region.
Talking about the growth in the state, CARS24’s Co-Founder, Gajendra Jangid, added, “Being from Rajasthan myself, I am thrilled to see the positive response from our customers here. We are committed to providing the best possible car buying and selling experience to more and more people in the market. Our dedicated team is consistently striving to make car ownership more accessible and seamless for our customers. We appreciate the trust that so many have placed in CARS24, and we will continue to work hard to exceed expectations and provide a hassle-free car ownership and selling experience to more people.”
The highest number of pre-loved cars were bought in Jaipur, with Maruti Suzuki Swift being the most popular choice, followed by Alto in Jaipur, Creta in Fatehpur, and Baleno in Neemrana. The recent data from CARS24 has revealed interesting facts about the car buying behavior of customers in the state:
Mharo Maruti: The Favorite Choice for Style, Performance, and Reliability!
Maruti has once again emerged as the leading car brand in Rajasthan, with the highest number of car purchases in Jaipur during the first quarter of 2023. Hatchback models such as Swift, Baleno, Alto, and WagonR were found to be the most popular choices among the consumers who opted for Maruti cars, further reinforcing the brand’s market dominance.
Rajasthan’s Car Buyers Shift Gears: Affordable and Reliable Brands Take the Lead
There has been a notable surge in the demand for other car brands in Rajasthan, including Hyundai i10, Hyundai Verna, Renault Kwid, and Hyundai Elite i20, according to recent CARS24 sales data. This trend indicates a growing preference among car buyers in the region for affordable and reliable cars with efficient performance.
Rajasthan’s Car Buyers Choose EMI over Saving for Their Dream Ride!
In line with this trend, recent sales data from CARS24 indicates an increase in the number of Indians opting for car financing. The data reveals that the majority of loans were taken by salaried professionals, with an average EMI amount of ₹11,500 recorded in 2022. Additionally, Indians have shown a preference for a financing tenure of 6 years, which offers greater flexibility and reduced payment burden.
Young Buyers Dominate the Car Market with Easy Financing
This year, there has been a surge in the number of millennials purchasing cars, thanks to the availability of financing options. The majority of these buyers were under 35 years old, indicating a growing trend of young consumers entering the automobile market.
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In Rajasthan, CARS24 is present in cities including Ajmer, Alwar, Bharatpur, Bikaner, Chittorgarh, Dausa, Hanumangarh, Jaipur, Jhunjhunu, Jodhpur, Kota, Shahpura, Sikar, Sriganganagar, and Udaipur.
CARS24’s latest DriveTime Quarterly Report reveals that Indian consumers sold cars worth over INR 1250 crores on the platform in just 90 days of 2023, highlighting their trust in the platform’s services. With a presence in over 100 cities in India, CARS24 is shaping the future of car sales and ownership as the industry evolves with new trends and technologies.