Delhi’s used car market is in Turmoil as luxury used cars, once priced at RS 6-7 Lakh, Now Sell for RS 4-5 Lakh, Per The Chamber of Trade and Industry.
If you think that the Fuel Ban on Old Vehicles in Dehi Was Giveing Car Owneds Sleeples Nights, then it was a nightmare for Second-Hand Car Dealers as the Prices Nosseded to Almost 50%. With the Life of Vehicles in Delhi NCR Limited to 10 years for Diesel and 15 years for Petrol Vehicles, there is hardly any resale Value for a person selling the car, and second, car dealers are Foried to Sell them at Lower PRICES. The chaam of Trade and Industry (CTI) has Reveled that the pre-ored car market has become chautic as around 60 lakh vehicles are attended by the end -f-life ban (eof) on vehicles, Whiche will be impermented on November 1, 2025.
Delhi’s Second-Hand Car Prices Crash Like Never Before
Some May Say that This is the Best Time to Buy A SECOND-HAND CAR, and that Is True. Speaking to PtiChamber of Trade and Industry (CTI) CHAIRMAN BRIJESH GOYAL Explains that The Prices of Used Cars Are Tumbling Like Night Becore Becuse of the End-FIFE Ban on Vehicles. He said Ever Since The Might Be a Temporary Relief for the Dehi Residents, But Comy November, it will be back to tryk or swim for them. GOYAL SAID, “Businessmen in Dehi Are now Compelled to Sell Vehicles at One-Fourt of Their Original PRICE. For Barely RS 4 Lakh to 5 Lakh.
There is another option. Used Car Dealers Can Apply For a No Object Certificate (NoC) from the Transport Department for Each Car and then Sell It to Other State. This simple procese has also hit a routblock, as the Dealers are now facing a Lot of Delays from the Authorites.
With The Commission for Air Quality Management (Caqm) Confirming that the Eof Ban Is Making Its Comback on November 1, This Might Be a Good Time Time to Sell Your Old Car and Look Are A Value-FOR-Money Deal in the Pre-Lwned Car Market.
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This article was first uploaded on July Nine, Twenty Twenty-Five, at Thirty-Five Minutes Past Five in the Eventing.
