The festive season was indeed an occasion for us to celebrate with brisk sale during Diwali. The help extended by AU Bank in terms of making available quick financing instruments also helped the overall sales momentum. If you calculate the relative rise in sales compared to last Diwali, we have seen a 20 percent uptick in numbers.
What is particularly encouraging about the sales pattern this festive season is that there has been a significant increase in the enquires as well as the conversion rates. For every 10 enquiries, we have been able to achieve 6 conversions. That’s a healthy ratio and we are hopeful of bettering it further.
Hatch back and sedans have maximum demand in the used car space in our area. This is then followed by SUVs. These are the three segments that saw maximum traction.
The sales are definitely on a higher trajectory and we expect the trend to continue. That’s an encouraging development, no doubt.
Overall we expect the same trend shall continue. So on an average it will be a fair assumption to see a 10-15 percent uptick in sales in the next financial year.
Yes that seems to be the most talked about number. For sure, we are also expecting to reach this goal given the current trend and up move in sales across used car markets.