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CredR Observes a Rise in Demand for Used 2-Wheelers

Mumbai, December 9, 2021: India’s largest and most trusted used two-wheeler brand, CredR, is observing a rise in demand for used 2-Wheelers with almost 80-90% of the sales and revenue bouncing back to pre-COVID levels.

At the time, when commuters are grappling with a lack of safe and economical travel options, the company is rapidly scaling its supply chain to build inventory at all its showrooms to meet the demand in the entry-level and mid-price used two-wheeler segments. 

CredR witnessed a huge pent-up demand from the lockdown period and saw an upward trend even during the festive season. Due to the whole clamp down on public transportation, people have chosen to opt for private mobility. They are still afraid to venture out into crowded areas even with an uptick in vaccination and the situation coming back to normalcy. Moreover, due to the recent rise in petrol prices, sentiments have shifted away from cars to high mileage 2 wheelers. 

Sharing his insights on the rising demand, Sasidhar Nandigam, CEO for CredR said, “There has been a significant increase among people to buy pre-owned or second-hand bikes, which is achievable and affordable for most Indians, considering many people have lost their jobs in the past one year. This has dropped the sale of four-wheelers, further increasing the demand for two-wheelers like bikes. People are turning to online brands and listing platforms like CredR because of the wide range of available bikes to choose from, based on their requirements. They are also comfortable paying a slight premium for convenience and quality.”

CredR provides the highest standard of quality while buying or selling two-wheelers. It performs over 120 inspections and quality checks before putting a bike on sale. The platform offers a wide range of bikes and scooters to choose from based on users’ preferred budget, city and kilometres run. What’s more? CredR also gives a 6-month warranty and 7-day buy protection for those wishing to buy a bike.

This news was shared to Prittle Prattle News via press release.

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