On an annual basis, the demand for Bajaj motorcycles has increased by 29%, while the demand for Hero motorcycles has increased by 40%.
OLX Autos recently reported that growing demand from used two-wheeler users jumped 20% in March 2021 compared to March 2020. OLX analyzed data from over 4,000 cities and 10 lakh plus users of the platform. The data suggests that most of these sales take place in metropolitan cities. The top five cities of Chennai, Bengaluru, Hyderabad, Delhi and Pune generated the most demand for used two-wheelers in March 2021, while the major non-metros generated the most demand for used two-wheelers are Jaipur, Surat, Lucknow, Nagpur and Coimbatore.
The data also revealed that Bajaj Auto and Hero MotoCorp are the most popular used two-wheeler brands. On an annual basis, the demand for Bajaj motorcycles has increased by 29%, while the demand for Hero motorcycles has increased by 40%. The top five OEMs in the used two-wheeler market are Bajaj Auto, Hero MotoCorp, Yamaha, Royal Enfield and Honda.
Also read: Used bike sales increased 27% during COVID-19 pandemic: here’s why
On an annual basis, Bajaj Pulsar has remained the most popular two-wheeled model in the used market. The demand for Bajaj Pulsar increased by 18% while the demand for Hero Splendor increased by 43% on an annual basis, while the demand for Royal Enfield Classic increased by 4% in the same time frame.
The offer increased by 6% for used two-wheelers. Honda, Bajaj, Hero Motocorp are the three most popular brands offered for sale on OLX. On an annual basis, the top three brands recorded a 16% jump in their offer.
OLX noticed an overall 6% year-over-year increase in the supply of used two-wheelers, with Bengaluru, Hyderabad and Delhi remaining the top three cities with the most used two-wheelers for sale. Honda Activa, Bajaj Pulsar and Hero Splendor are the three most listed models for sale on OLX.
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