Second Hand Car Prices in Delhi have dropped drastically—up to 50%—causing concern among vehicle dealers. This steep fall in prices is largely due to the restrictions imposed on older petrol and diesel vehicles in the national capital. According to the Chamber of Trade and Industry (CTI), prices of second-hand cars have declined by 40% to 50% over the past few weeks.
CTI Chairman Brijesh Goyal stated that the regulations by the Delhi government, along with court orders, have severely impacted the sales of old vehicles. Nearly 6 million old vehicles in Delhi are affected by these curbs. This includes both petrol vehicles older than 15 years and diesel vehicles older than 10 years.
Why Are Second Hand Car Prices in Delhi Falling?
The key reason behind the plummeting Second Hand Car Prices in Delhi is the growing list of restrictions. As per current rules, petrol vehicles older than 15 years and diesel vehicles older than 10 years cannot legally operate in Delhi. The government even restricted fuel refills for these vehicles, adding further hurdles for their operation and sale.
Initially, the ban was set to be implemented on July 1, but after heavy protests from the public and traders, the Commission for Air Quality Management (CAQM) temporarily postponed the implementation. However, the uncertainty continues, and the “End of Life” vehicle policy has not been fully revoked.
Drastic Price Cuts in Second Hand Car Market
Dealers dealing with Second Hand Car Prices in Delhi say that they now have to sell vehicles at almost a quarter of their original resale value. For instance, a used luxury car that once sold for ₹6–7 lakh is now struggling to sell at even ₹4–5 lakh.
In many cases, vehicles that were once considered assets are now seen as liabilities, especially due to the legal limitations on their use within city limits. Buyers are hesitant, and dealers are stuck with inventories they can’t easily offload.
Delhi’s Ban Creates Uncertainty and Fear
Even though the ban is temporarily postponed, the government has not provided a clear roadmap. This has led to uncertainty in the market, further affecting Second Hand Car Prices in Delhi.
Old vehicle owners and dealers are unsure whether the postponed ban will come into effect later or be removed altogether. Many are unwilling to invest in old vehicles due to the ambiguous legal framework.
Impact Beyond Delhi – Buyers in Other States Also Aware
Earlier, Delhi’s old vehicles were commonly sold to buyers in states like Punjab, Uttar Pradesh, Rajasthan, Bihar, Tamil Nadu, Karnataka, and Kerala. However, the news of Delhi’s vehicle restrictions has now spread across states, making buyers bargain hard and push down prices.
Dealers have confirmed that informed buyers from other states are now offering far lower prices, knowing the regulatory pressure Delhi sellers are under. This has worsened the already falling Second Hand Car Prices in Delhi.
NOC Process Delay – Another Setback for Dealers
A major administrative issue compounding the problem is the delay in obtaining NOC (No Objection Certificates) for old vehicles. The NOC is essential when transferring a car to another state. What used to be a straightforward process has now become tedious, slow, and plagued with technical glitches.
Without proper NOCs, dealers are unable to move vehicles out of Delhi, leading to further reduction in Second Hand Car Prices in Delhi and unsold inventory piling up in areas like Karol Bagh, Preet Vihar, Pitampura, and Moti Nagar, where over 1,000 dealers are currently active.
Traders Demand Relief from Delhi Government
With over a thousand businesses and thousands of jobs on the line, traders in the second-hand vehicle market are urging the government to intervene. They seek either a permanent rollback of the old vehicle restrictions or clear policies that will allow better transfer and resale of vehicles.
Until such clarity is given, experts predict that Second Hand Car Prices in Delhi will continue to spiral downward. Dealers are bearing huge financial losses, and many are considering shifting business to other states or shutting down completely.
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