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India Used Car Market Size, Sales, Business Demand, Future Value and Forecast Report 2023-2028

01-12-2023 05:32 AM CET | Tourism, Cars, Traffic

Press release from: IMARC Group

India Used Car Market Trends and Forecast Value By 2022-2028

India Used Car Market Trends and Forecast Value By 2022-2028

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.

Report Coverage:

Report Features Details:
Base Year of the Analysis- 2022
Historical Period- 2017-2022
Forecast Period- 2023-2028

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/india-used-car-market/requestsample

India Used Car Market Trends 2023-2028

The increasing number of organized and semi-organized sales and the surging demand for car-sharing services are some of the key factors accelerating the market growth in India. Additionally, the widespread product adoption among millennials due to the high cost of maintenance and concerns regarding affordability are bolstering the market growth.

Furthermore, the increasing working populace in the country has facilitated the need for used cars for easy commuting and enhanced mobility, convenience, and safety, which, in turn, is providing an impetus to the market growth. Besides this, the shifting consumer inclination toward used luxury cars and the inflating consumer expenditure power are creating a positive outlook for the market.

Other factors, such as the electrification of vehicles on account of rising environmental concerns, the advent of newer used car models equipped with advanced technologies, and the surging use of e-commerce sites and applications to sell and purchase used cars, are positively contributing to the market growth.

You can buy this report directly (Exclusive offer on this report): https://www.imarcgroup.com/checkout?id=6305&method=1

India Used Car Industry Overview 

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. 

India Used Car Market Segmentation:

The report has segmented the India used car market on the basis of vehicle type, vendor type, fuel type, sales channel and region. 

Based on Vehicle Type:

• Hatchbacks
• Sedan
• Sports Utility Vehicle
• Others

Based on Vendor Type:

• Organized
• Unorganized

Based on Fuel Type:

• Gasoline
• Diesel
• Others

Based on Sales Channel:

• Online
• Offline

Regional Analysis:

• North India
• West and Central India
• South India
• East India

Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/india-used-car-market

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse More Automotive Industry Related Reports:

Research Report: Electric Rickshaw Market in India 2023-2028: https://www.imarcgroup.com/india-electric-rickshaw-market

India Biodiesel Market Size, Trends, Company Analysis, Demand, Growth And Revenue Forecast By 2022-2027: https://www.imarcgroup.com/india-biodiesel-market

India Logistics Automation Market Report: https://www.imarcgroup.com/india-logistics-automation-market

India Indoor Location-Based Services (LBS) Market Can Display Growth by 2027 over CAGR-21% : https://www.imarcgroup.com/india-indoor-lbs-market

Contact Us:
IMARC Group
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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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