The used car market in india has been growing steadily over the years, with almost one used car being sold for every 1.5 new cars. With the right strategies and business models, the used car market in india has the potential to grow and expand at double the rate at a cagr of 19.5% till fy2026. 2023 & 2024 india used car market size report includes a forecast to 2029 and historical overview.
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India Used Car Market Size, Trends and Forecast Report 20242032
In 2018, the used car market in india crossed the 4 million units mark making it 1.3 times larger (in volume) than the market for new cars.
The annual used car industry report, which is presented by car&bike and volkswagen's das weltauto,.
The potential of growth in the country of 1.3 billion people is huge as there are just 22 cars per 1,000. By 2024, it is projected to reach over 8 million units per year. Explore growth drivers, trends, and forecasts, including segmentation by sales mode,. This is attributable to the entry of more businesses into the.
Why is india's used car market so attractive to investors? 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. While demand has not been a. India’s used car market will grow at a compound annual growth rate (cagr) of 11 per cent to log sales of up to 8.3 million units by fy26, according to consulting firm.
Get a sample of this industry analysis as a free report pdf download.
Most importantly, there is going to be an abundance of used cars in the near future, which should help in bringing prices down further. Discover insights into india's thriving used car market from 2018 to 2030. India has a strong market in terms of domestic demand and exports. The used car market in india is transitioning from an unorganized space to a more formalized one.
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