India Used Car Market Size, Share, and Growth Forecast for 2025 - 2032

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The India used car market size is projected to rise from US$ 32.9 Bn in 2025 to US$ 90.2 Bn by 2032. It is anticipated to witness a CAGR of 15.5% during the forecast period from 2025 to 2032. Easy availability of several types of used car finance options and rising preference of the younger demographics for individual mobility are poised to bolster used car demand in India. The surging middle-class population in the country is also seeking alternatives to new cars as these are relatively low-cost. Several local pre-owned car providers are focusing on offering transaction simplicity, convenience, and transparency to attract more customers.

 

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