Demand for used goods continued unabated during pandemic: OLX India
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Last Updated: Mar 12, 2021, 09:30 PM IST
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Synopsis
Demand for pre-owned goods far outpaced the demand for new goods, driven primarily by consumers in non-metro markets. There is also an increase in listings by sellers from non-metros in the second half of 2020 especially for goods such as laptops, fridges and ACs.
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Demand for pre-owned goods increased further in the second half of 2020, driven by users in non-metro cities.
Online classifieds platform OLX on Friday said it has witnessed high demand for pre-owned goods throughout 2020, despite Covid-19. A comparison of buyers and sellers data on the platform for 2020 versus 2019 reveals a strong growth trajectory of buyers throughout all quarters in the year over the previous one, according to a release.
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As we all continue the move toward ânormalcy,â you have to wonder what changes from the past year will become new norms once we move past this pandemic existence. For example, some Colorado restaurants and bars may be able to continue offering alcohol for takeout and delivery if a bipartisan bill passes in Denver this session. There have also been seismic shifts in employment as some jobs have disappeared forever while new employment opportunities begin to take shape. There are COVID-driven changes, both drastic and incremental, that have impacted the way we do business. Some will barely be noticed going forward, but others may have forced permanent shifts. Â Â
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