6 months ago
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India’s pre-owned car marketplace which reached 5.9 cardinal units successful FY25 is projected to turn astatine a 10% CAGR, reaching 9.5 cardinal units by 2030, arsenic per the latest variation of the Indian Blue Book developed by Mahindra First Choice and Volkswagen Pre-owned Certified.
The study has highlighted a displacement toward premiumization and consolidation. As per the study SUVs and compact SUVs present seizure much than 50% of utilized car market, up from 23% conscionable 4 years agone and the mean selling prices person risen sharply by 36% implicit 4 years. Also non-metro buyers are recovered to person emerged arsenic the fastest-growing force, with 68% expressing likelihood to acquisition a utilized car.
As per the study consumers are showing beardown marque loyalty, with 42% consenting to bargain the aforesaid marque again, and a wide inclination of upgrading to newer, safer pre-owned cars is emerging, arsenic buyers progressively worth quality, information ratings, and elaborate method specifications.
Nitin Kohli, marque director, Volkswagen India, said, “Indian consumers contiguous are much informed and discerning; they question vehicles that connection proven safety, reliability, and performance. The beardown request for the brand’s 5-star GNCAP-rated portfolio, including the Taigun and Virtus, is simply a testament to this shift.”
“Our Certified Pre-Owned concern has emerged arsenic a cardinal maturation avenue for Volkswagen, reflecting the aforesaid lawsuit priorities. Buyers contiguous privation the reassurance of a quality-checked, transparently certified conveyance with a wide work past and these values align perfectly with our marque promise,” helium said.
Mohammed Turra, MD & CEO, Mahindra First Choice said, “For the archetypal time, utilized cars successful India are driving aspiration, not conscionable affordability. With utilized car marketplace astatine 5.9 cardinal successful FY25 and SUVs becoming the conveyance of choice, Indians everywhere—from metros to tiny towns—are choosing prime and assurance implicit compromise. As organized platforms rise the barroom for spot and service, we’re seeing a cardinal displacement successful however the utilized cars are being bought and sold. The utilized car is present a choice, not a fallback option”.
As per the study vehicles aged 4–7 years relationship for 30% of organized utilized car transactions and consumers are upgrading from hatchbacks and compact SUVs/ sedans to full-size SUVs, reflecting beardown premiumization.
