Used Cars Dominate as 80% of Buyers Are First-Time Owners in India
India’s used-car market is the leading entry point to vehicle ownership, with 80-82% of buyers being first-timers. The sector, growing at 11-13% annually, is fueled by increased financing and a shift towards aspirational used SUVs. India’s used-car ecosystem is emerging as the dominant gateway to vehicle ownership, with first-time buyers, rising financing and SUV demand … Read more