Karimnagar: Like most other sectors, the second hand two-wheelers market in Karimnagar has been badly impacted by the coronavirus-triggered lockdown since March. People involved in this business are now not even in a position to pay the rent for their shops every month, and are having a harrowing time making both ends meet.
Several shop owners in the used bike market have switched over to jobs including taking up driving as a profession. The second hand bikes market in the town was otherwise considered a profitable business, till the coronavirus pandemic hit the world leading to lockdowns everywhere that affected all businesses.
Speaking to Telangana Today, Salam bin Ahmed, a second hand bikes trader, said he has been in the business for the past 20 years, but he had never come across this kind of a situation ever. “I used to make profits of about Rs 40,000 per month in the pre-corona days. Now, I am not even in a position to pay the shop rent of Rs 6,500, which has led to the rent arrears piling up in the past four months,” he said, adding that he used to sell at least 15 bikes a month. “Now, it has become very difficult to sell even one vehicle a week,” he lamented.
Those in this business purchase second hand vehicles from vehicle showrooms as well as owners directly and sell them to prospective buyers after carrying out some minor repairs to the two-wheelers. They make about Rs 1,500 to Rs 2,000 in profits on each bike. The average sale of used bikes in this business has now dropped to about 4 or 5 a month, a far cry from the 15 to 20 vehicles they used to sell before March.
Another trader, Javeed, said people who wanted to buy used vehicles are themselves facing major problems even to buy essential commodities, leave alone a two-wheeler. “They have no money, and are having a tough time to make both ends meet. How can anyone expect them to buy bikes under such trying circumstances?” Javeed pointed out.
Thought there are used bikes shops in Korutla, Jagitial, Peddapalli and other areas, many people used to come to Karimnagar since the range of two-wheelers available in shops in the town was much higher. There are more than 20 second hand bike shops in Karimangar that are in doldrums now.
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