Diesel cars beat petrol peers in resale market
The economics seems to have changed over the last year on the widening gap between petrol and diesel fuel prices (petrol currently costs R21/litre more over diesel in Delhi). In the new car market, over 80% of demand is for the diesel variants of popular cars such as the Maruti Suzuki Swift and Hyundai Verna.
“About 60% of used car buyers today are looking for diesel cars, but only 26% of our inventory is for such vehicles. The demand is high and supply low, pushing up the price of diesel cars by 21% on an average in the second quarter over the same period last year,” said Umang Kumar, CEO and co-founder of Gaadi.com, a website that provides a platform for dealers and individuals to trade new and used cars.
The resale of diesel cars is up also because today’s diesel engines are of much better quality and the maintenance of older cars is not as high as before, according to Yatin Chaddha, vice-president for operations at Mahindra First Choice Wheels.
“For a person looking for a diesel car in the R3-4 lakh price bracket, there are more options in
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