On the other side, average overall sales which used to be around 8,000 units a year ago has dropped to 7,000-7,500 units in a month
Topics
commercial vehicles
T E Narasimhan |
Chennai
Last Updated at September 8, 2019 22:54 IST
At a time when new commercial vehicle (CV) sales are coming down, those of used vehicles are seeing some momentum. This is mainly owing to a pick-up in light CV (LCV) and Intermediate CV (ICV) demand.
Those in this space have reported positive growth and a key reason is increase in realisation. According to industry estimates, while the organised sector is selling 10,830 units a month, the unorganised one is selling five times this. Shriram Automall, which claims 60-70 per cent market share in the organised second-hand CV market, says its price realisation has gone up by 15-20 per …
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