Mercedes eyes 20% sales from used vehicles

German luxury carmaker Mercedes-Benz looking at around 20% of its total sales this year to come from pre-owned car sales despite sourcing of used vehicles remaining a challenge, according to a senior company official.

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The company's arm Mercedes-Benz India had sold over 3,000 pre-owned cars last year and is witnessing robust demand for such vehicles with the holding period coming down to around 10 days as compared to 30 to 45 days earlier.

"Still 18 to 20% of our total car sales will come from used cars. So last year, if we did 16,000-odd cars, I will say 3,000 plus cars were used cars, about 20%. Similar ratios will continue, I would say at 20-odd 1 percent," Mercedes-Benz India managing director & CEO Santosh Iyer told PTI.

He was responding to a query on the sales of the company's pre-owned cars.