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From selling 200 cars to 20 cars in 1 day – Downfall of Ludhiana’s second-hand car bazaar

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The effects of low GDP and the automobile industry’s crisis can be seen in Ludhiana’s second-hand car bazaar. The market is set up every Sunday at Ayali chowk, Ferozpur road. According to the vendors, where earlier they were easily selling 200-500 cars per day, now they expect nothing more than 10-20 cars.

The dealers blame demonetization and GST for this massive downfall. If this downward trend continues for a longer duration, many dealers of second-hand cars will be forced to change their trade.

 

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