As the Indian automobile landscape evolves, one city stands out with an extraordinary surge in the demand for pre-owned vehicles, a phenomenon being driven by CARS24, In the first half of 2023, Hyderabad experienced an impressive 156% increase in used car sales compared to the previous year.
In recent times Hyderabad has witnessed a notable paradigm shift in the perception of car ownership, particularly among the younger demographic. CARS24 has swiftly expanded its presence and now serves customers in four cities across the state.
the presence has firmly established CARS24 as the preferred designation for both automobile enthusiasts and sellers alike.
The automobile sector in Hyderabad has witnessed significant growth, The progress in Telangana’s highway projects. These projects, including Akkalakot, Kurnool, Mahabubnagar Chincholi, Kalwakurthy Kollapur, and Khammam Devarapalle sections are driving development with investments of Rs 2,300 crore, Rs 1,300 crore, Rs 900 crore, and Rs 2,700 crore respectively. Amidst these advancements, CARS24 has established itself as a reliable brand in Telangana’s Automotive Industry. “The Substantial increase in used car sales is a promising indicator of Hyderabad’s dynamic automobile Market,” noted Gajendra Jangid, Co-Founder of CARS24. “However, It signifies more than just a preference for pre-owned vehicles; it represents a broader shift in consumer mindset that is contributing to the reshaping of various sectors.
New data released by CARS24 sheds light on the ever-changing pre-owned car market in Telangana. This data, collected from various cities,reveals interesting trends influenced by local demand and customer prefernces.
