Evolution of india’s used car industry. The used car buying space is growing at the rate of 15 percent a year, and customers are increasingly expecting new car purchase experience. The ibb report highlights three evolving trends in india's used car market.
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In India, used car businesses see renewed interest from investors with
The fifth edition of the indian blue book (ibb) for financial year.
India’s automobile industry is one of the fastest growing in the world and it is already the sixth largest globally.
The organised used car market in india is growing. The indian passenger car market grew by 11.6% in q1 2024 to post wholesale of 11,35,482 units, which is the highest ever q1 sales in a given calendar. Volkswagen to rebrand used car biz, plans future investments volkswagen introduced its used cars business das weltauto in india with its dealership in mumbai. Introducing the 5th edition of the indian blue book used car industry report, a joint initiative between volkswagen india, das weltauto india, mahindra first choice wheels ltd, and car&bike.
India used car market analysis. New trends in india’s used car market. Market consolidation owing to the entry of oems and new car dealerships in the organized used car market has created awareness and preference for certified pre. “this has paved the way for a bright future in the used car market,” said a report by the company.
However, it is over 3:1 in the us.
