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Second-hand car prices drop due to restrictions on end-of-life vehicles
Millennium Post Delhi
|Delhi 05 July 2025
USED LUXURY CARS LOSE VALUE
Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday. CTI Chairman Brijesh Goyal said the market for overage vehicles in Delhi has been severely affected, with nearly 60 lakh vehicles impacted by the sudden downturn.
He attributed the price crash to restrictions related to End-of-Life (EOL) vehicles, which have crossed the permissible age limit for operation in Delhi. Goyal, who is also an automobile businessman, claimed that traders are being forced to sell cars at significantly lower prices.
This story is from the Delhi 05 July 2025 edition of Millennium Post Delhi.
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