India Used Car Market Is Expected To Expand At A CAGR Of 17.60% During The Forecast Period
India Used Cars Market: Growth Factors and Dynamics The India Used Cars Market is influenced by various dynamics that impact its growth and development. Increasing demand for luxury used cars : With increasing disposable income, there is a growing demand for high-end luxury used cars. This has resulted in an increase in the overall market demand. Growing financial penetration : The expanding reach of financial services, such as car loans and leasing options, has made it easier for customers to buy used cars. This has led to an increase in demand for used cars, particularly in the organized sector. Advancements in technology : The use of advanced technology such as online sales platforms and digital marketing has made it easier for customers to access and purchase used cars. This has led to an increase in the overall efficiency and growth of the market. Increasing focus of automakers : With automakers setting up used car networks, there has been a growt...