Festive used-car sales near 6 lakh on easy loans
In short
Used-car sales during the festive period rose to nearly 6 lakh, helped by first-time buyers and easier loans.
Cars24 alone disbursed over ₹300 crore in car loans, and total financing for new and used cars together was estimated at more than ₹1,000 crore. That loan support appears to have boosted festive demand.
What the reporting says
Used-car sales during the festive period rose to nearly 6 lakh, driven by first-time buyers and easy loans. The funding push appears to have supported demand across the festive season.
Why it matters
Used-car sales reached nearly 6 lakh during the festive period as first-time buyers and easier loans lifted demand. BusinessLine’s summary said Cars24 alone disbursed over ₹300 crore in car loans, while market sources put total financing for new and used cars combined above ₹1,000 crore. The reported financing surge points to stronger festive activity for car dealers and lenders.