Covid-19 effect : consumer preference shift - fondness towards private vehicles over cabs and shared Transport

The pandemic has disrupted all industries and automobile sector is no exception. Owing to the uncertain economic environment and state of jobs, the COVID-19 crisis has put people in a financial stress. Now that the lockdown is lifting up in most areas, safety is a  prime concern. Therefore, the requirement for personal mobility will persist and grow since the use of public transport translates into a major risk of infection.

There is a healthy chance that one would be attracted to used cars in the near future since they are easy on pocket, fast and you don’t have to make any compromises on the features of the vehicle. In the financial year ending March 2019, India’s used car sector was valued at $90 billion, selling 4.8 million units and now due to the pandemic, it is only expected to grow bigger.

In this context, wanted to seek your interest in connecting with Quikr to understand the trends seen in second hand vehicles market due to Covid-19.

Will be happy to share more insights from QuikrCars and QuikrBikes platform around:

• Increase in demand of private pre-owned/ used vehicles due to social distancing norms
• Data comparison between pre-COVID time and post-COVID on demand for cars
• City-wise insights on demand and buyer behaviour
• Trends foreseen in the future, post unlock 1.0
• Special Services by Quikr- Vehicle insurance, Quikr assured buying, quality checks etc.

Looking forward to your interest. Thanks!

About Quikr:

Quikr, India’s leading cross-category platform that is used by over 30 million unique users a month. It is present in 1200 cities in India and operates several large classifieds businesses across C2C, Cars, Education, Homes, Jobs and Services. Quikr is accessible across mobile apps, mobile sites as well as the desktop, and allows consumers as well as small businesses to sell, buy, rent and find things across its multiple categories with great ease. Quikr’s investors include Tiger Global Management, Kinnevik, Warburg Pincus, Matrix Partners India, Norwest Venture Partners, NGP Capital, Steadview Capital, Omidyar Network, etc. Visit www.quikr.com for more details.