An worker sprays second hand vehicles on the market. (Photographer: Chris Ratcliffe/Bloomberg) 21 Sep 2021, 8:02 AM IST21 Sep 2021, 8:02 AM IST21 Sep 2021, 8:02 AM IST21 Sep 2021, 8:02 AM IST If the thought of a second-hand something evokes a picture of an outdated, dilapidated merchandise, you may be in for a shock. At the least if a Lamborghini Gallardo listed on the pre-owned items on-line market OLX is something to go by. Bear in mind OLX pe sab kuch bikta hain! Whereas the pandemic may need disrupted procuring as we knew it, it proved to be a booster shot for India's second-hand items economic system. A mixture of things, from earnings uncertainty to a extra digital way of life and a wider array of choices on these websites, have come collectively to extend the demand for used objects. Since January 2020, day by day lively customers on OLX have risen about 30%, whereas demand has grown about 25%, stated Sapna Arora, chief advertising officer at OLX. QuikrBazaar noticed a 41% development within the listings in June, July and August this 12 months in contrast with the pre-Covid quarter, stated Sarath Chandra Gudlavalleti, senior vice-president and enterprise head of QuikrBazaar.
Demand for pre-owned items shot up amid job losses through the pandemic, earnings insecurity and closures of some corporations that didn't have a robust digital presence, stated Arora. Folks noticed worth in second-hand items. As soon as in, they stayed, he stated.Whereas there was a pointy rise in demand for second-hand items after the primary wave, » Read more from www.bloombergquint.com