Tarun Garg, director- sales, marketing and service, Hyundai Motor India Ltd, said, “Overall sourcing of used cars has decreased post-COVID-19. Due to economic uncertainties originating from the prevalent pandemic, there are instances where customers are deferring the plan to sell cars.”
Some of the popular models such as Swift Dzire, i20, Mahindra Scorpio, and Honda City are facing supply-demand mismatch in some parts of the country, Ashutosh Pandey, MD and CEO, Mahindra First Choice Wheels, told ETAuto. He expects the supply to be normal by October as new car sales recover and wholesale channels open up after the moratorium.
Meanwhile, due to the stop-start nature of the lockdown, the actual conversions from interest to sales have been lower than expected for Mahindra First Choice Wheels. “Despite that, sales in August managed to reach pre-COVID levels, and during September, we expect a growth of 5% to 7% over last year”, Pandey said.