In FY 2021-22 about 4.4 million used vehicles were sold in the country, and here are the Top 10 used car models that Indian car buyers preferred in FY2022.
The IBB report highlights the fact that while there are several business themes at work globally, at least three are linked with the majority of the organised used vehicle platforms in India.
The 2022 Indian Blue Book (IBB) Report on the used car industry in India is confident that the share of organised used car market will grow to 45 per cent by FY 2027 from current 20 per cent.
While the used car market in India witnessing a purple patch and is set for significant growth, there are a few issues that are plaguing the market in India. We take a look at the issues plaguing the used car market in India.
In FY2021-22, India's used car business, which has been valued at $23 billion, is expected to grow and expand at a CAGR of 19.5 per cent. The market will grow 12.7% in volume.
The 2022 Indian Blue Book Report says that sales of used cars in India will surpass 8 million units by FY2027. The total used car sales in India in FY2021-22 was 4.4 million units.
The Xpulse 200 has been in the market for over three years now, and depending on the model year and its condition you can get one for anywhere between Rs. 85,000 to Rs. 1.2 lakh.
You can find the Ford Freestyle in the used car market for anywhere between Rs. 4 lakh to Rs. 8 lakh, depending on the condition of the car. However, before you start looking for one, here are some pros and cons you must consider first.
