According to the latest report by IMARC Group, titled “India Used Car Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the India used car market is expected to exhibit a growth rate (CAGR) of 14.2% during 2023-2028.
India Used Car Market Trends 2023-2028
Used Car Market Outlook for India:
A used car is a pre-owned vehicle that is refurbished and made available for resale. They are usually sold using organized or unorganized channels through independent car dealers and franchises, rental car companies, private party sales, auctions, walk-in used-car showrooms, and leasing offices. The commonly preferred used cars include sedans, hatchbacks, and sports utility vehicles. In India, used cars are witnessing massive demand as they help minimize the depreciation of the vehicle, improve cost-effectiveness, maximize savings, and provide full assurance and warranty of the car and facilities.
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Market Segmentation of the India Used Car Industry:
The report has segmented the India used car market on the basis of vehicle type, vendor type, fuel type, sales channel and region.
Breakup by Vehicle Type:
Breakup by Vendor Type:
Breakup by Fuel Type:
Breakup by Sales Channel:
Breakup by Region:
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/india-used-car-market
Key Highlights of the Report:
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