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Maruti Strike Effect: Used Car Price To Go Skyward
People who do not want to buy a expensive new car also buy used Maruti Suzuki cars. Young people also prefer to buy used Maruti cars. Maruti's huge market share has meant you will find many used Marutis even in the used car market. They are affordable and can be bought by even young people who are in their first jobs.
But this situation is set for a huge change due to the strike at Maruti Suzuki. Production has been reduced drastically and the carmaker has been able to build just 350 cars a day when compared to more than 2,000 cars it used to build usually. Waiting periods for Maruti cars will increase as we have already seen in the new Swift.
While some people will prefer not to wait and go for new cars from other carmakers, there is another set of people who are loyal to Maruti Suzuki and will either wait or buy a used car. This will definitely create a higher demand for used Maruti cars and will increase prices.
If you are looking for a used Maruti car, we would suggest you move quickly and get a better bargain or risk paying a far higher price for a n used Alto or Wagon R than current prices. The car which we expect to witness a huge increase in price for a u8sed car is the Swift. Demand for the new Swift is very high and the waiting period is bound to hit the scary mark of one year. If this happens, even a one year old Swift's value will be equal to that of a new one.
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