Cars24 opens exclusive hubs for SUVs

Given the rise in mobility, affordability and eligibility of loans by car buyers over the last two years, SUVs have been growing annually when compared to small cars.

CARS24 has announced the launch of the country’s first exclusive hubs for pre-owned SUVs.

CARS24 is a leading AutoTech company streamlining and revolutionising the sale, purchase, and financing of pre-owned cars in India, Australia, Thailand, and UAE.

These facilities have come up at Bengaluru and Gurugram and have been designed to cater specifically to the distinct needs and preferences of SUV enthusiasts.

The demand for feature-rich SUVs has dramatically increased, with market share jumping from 30% in FY19 to 59% in H1 FY24 according to industry reports.

This growth is fueled by a broader range of options at various price points, meeting the ever-evolving needs of modern consumers.

As the SUV craze continues, even the pre-owned market is catching up, showing a steady increase since FY21.

Gajendra Jangid, Co-Founder and CMO, CARS24 said, “Understanding and adapting to the evolving preferences of our customers is at the heart of what we do. By launching these SUV-only hubs, we are enhancing our ability to meet the specialised needs of SUV lovers and providing them with a platform that understands and appreciates the uniqueness of their choice.”

With car owners upgrading more frequently, a fresh wave of sought-after SUV models is entering the used car market.

CARS24’s exclusive SUV-only hubs are perfectly timed to harness this trend, providing a top-tier selection and access to more than 200 cars at each hub ensuring a premium experience for SUV enthusiasts.

Some of the most popular in demand models standing at the hubs include Scorpio N, Tata Harrier, MG Hector, Mahindra Thar, Toyota Fortuner, Skoda Kushaq, Jeep Compass, Hyundai Creta, Hyundai Venue.  Kia Sonet and Seltos to name a few.

The hubs also provide personalised financing solutions and special exchange offers, along with transparent pricing, to make transitioning to SUV ownership seamless. Customers can also take advantage of instant loan approvals, ensuring a fast and hassle-free purchase process. Each customer receives individualised assistance and comprehensive after-sales support.