Used trucks market to grow positively in the future

11 Jul 2024

Used trucks market to grow positively in the future

The used truck market has seen a price rise in the past year, especially in the light commercial vehicle segment.

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GS

By Gaurav

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The used truck market has seen a price rise in the past year, especially in the light commercial vehicle segment. According to the latest report by Shriram Mobility, there is a 38% rise in the 1.5 to 2 tonne segment. The 2 to 3.5-tonne trucks show a rise of 22% with the 3.5 to 7.5-tonne trucks segment witnessing a rise of 21%. The price rise has been attributed to the rising price of new vehicles and logistics stress as the main reason behind the price rise.

The used trucks market has been gaining momentum over the last two years as prices of all used commercial vehicles be it BSIV or BSVI have increased by 25-30%. There is a shortage of supply in the used truck market and the demand is increasing daily.

Future of the used trucks market

The used trucks market will remain strong as the present new trucks in the market will eventually be available in the used trucks market. The transport companies are also looking for cost-effective solutions to cut down their expenses and used trucks are the perfect solution for them.

The e-commerce industry heavily relies on transportation for its logistics and supply management. The online platforms and marketplaces also require transportation services where used trucks can fill in the void.

91trucks store: Best platform to buy used trucks in India

Anyone willing to buy used trucks in India can buy their dream truck from our 91trucks stores. Our stores have the best affordable pre-owned certified trucks. We provide a finance facility as well to let you buy your dream truck. We started with our first store in Gurgaon and since then have expanded our reach to three more new stores in Delhi NCR. Our Gurgaon store is at Udyog Vihar while we have three stores in Delhi at Lal Kuan, MB Road ( South Delhi), Mundka (West Delhi), and Singhu Border (North Delhi).

91trucks store aims to help the young entrepreneurs of our country kick-start their journey. We want to expand our reach to every part of our country and become self-reliant as part of our initiative to promote Aatma Nirbhar Bharat.

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