Spinny's Take on the Rapid Growth of India's Used Car Market

PRNewswireMumbai (Maharashtra) [India], June 26: India's second-hand car market is projected to grow by 80 lakh units by FY2027, with non-metro cities following suit. Currently, the demand for used cars is 40% in tier-2 cities and 25% in tier-3 cities. This overall contribution of 65% is slated to reach 75% in the next four to five years.

The affordability and digitised sales of pre-owned cars have led to a massive increa