Is car sales declining in India?
India’s automobile industry posted a 5. April–June quarter of FY2025, with total volumes falling to 60. Society of Indian Automobile Manufacturers (SIAM). The India used car market is undergoing a significant transformation, driven by rapid urbanization, increasing consumer awareness, and the widespread acceptance of digital platforms. Valued at USD 25. CAGR of 13. USD 56.The Indian auto sector is navigating short term challenges rising costs, regulatory shifts, and uneven EV adoption while its long term fundamentals remain strong. Premiumization, rural demand recovery, and supportive policy are driving growth across segments.
Which is the best month for car discount?
The best month to buy a car in India is March, as dealers offer maximum discounts to meet annual sales targets and clear old stock before the new financial year. According to the latest Edmunds sales data, the best time of the year to buy a used car is in the months of November and December.FAQs. Is December a good time to buy a car? Yes. According to Edmunds transaction data, December has traditionally had the highest discounts from the manufacturer’s suggested retail price (MSRP) for both new and used cars.The end of the calendar year — specifically October, November and December — is typically one of the best times for car shoppers to get deals on vehicles. Cars sold during this time usually come with higher discounts and incentives than those sold during other times of the year.Generally speaking, the best time to buy a used car is at the end of the month, especially at the end of a quarter: March, June, September, and December. Dealers will be keen to meet their sales targets and, in turn, may offer better deals.
How old is the best time to sell a car?
If your car is only a few years from new, it’s likely to retain 60% or even up to 70% of its original value. When it’s between five to seven years past its model year, the decline in its value slows and mostly settles, according to Edmunds. The “sweet spot” for purchasing a used car is between 2 to 5 years old. This is the age range where the car has already gone through the steepest part of its depreciation curve, but it’s still relatively new and in good condition.Evaluating the Depreciation Impact To maximize savings on a used car, it is advisable to seek a vehicle that has already weathered its most significant depreciation hit, which generally translates to a car that is at least 2 years old, preferably falling within the 3 to 4-year-old range.Beyond this point, even the most reliable cars may start showing indications of usage and deterioration. Consumer reports note that while the typical lifespan of a new vehicle is approximately 8 years or 150,000 miles, well-maintained vehicles can surpass 15 years and overcome 300,000 miles.
What age car is best value?
The best age for a car in terms of resale value can vary, but generally, cars that are 3-5 years old tend to have the best balance of depreciation and value. Generally speaking: Sell when your car is around 5–7 years old if you’re looking to maximize your return on investment while avoiding big repairs. Hold onto it longer if it’s reliable, paid off, and not costing you an arm and a radiator.