Mumbai, Nov. 12 -- Cars24 has published its festive performance report covering the period from Navratri through Diwali, reporting 19,039 pre-owned vehicle sales, a 44 percent increase compared to the previous festive period.

The company disbursed over INR 3 billion in vehicle loans during the period, with financing penetration reaching 55 percent of total sales. First-time buyers represented 72 percent of customers, while rural buyers accounted for 40 percent of sales and women buyers formed 36 per cent of the customer base. Maruti Suzuki India, Hyundai Motor India and Tata Motors were the top-selling manufacturers on the platform, with Tata vehicle sales growing 85 percent YoY.

Hatchbacks accounted for over 50 percent of total sales, ...