The local online classifieds platform saw a significant increase in ads and demand for consumer durable and electronics in the third quarter of 2020.
“Supply and demand for consumer durable and electronics are exceeding pre-Covid-19 levels, supported by consumer sentiment for value, desire to upgrade and digital conversion,” OLX said in a press release. In terms of new ads on the platform, fashion item ads across all geographies saw the largest increase in the third quarter compared to the first quarter.
Likewise, in the electronics / home appliances and furniture categories, growth in the number of listings for non-metro areas outpaced growth in the metro by a factor of 2-3 for different types of products, according to the report.
“It highlights the tendency of people to level up, especially before and during the holidays. With the lock down, users also had more time to reorganize their homes by eliminating the products they no longer needed at OLX, ”he said.
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