India Second Hand Car Market

India Second Hand Car Market Research Report: With a CAGR of 4.5% – MarkNtel Advisors

The latest report by MarkNtel Advisors, titled “India Second Hand Car Market Report  By Vehicle Type (Hatchbacks, Sedans, Hybrid, Electric, Others (Sports Utility Vehicles, Multi Utility Vehicles)), By Vendor Type/ Sector (Organized, Unorganized), By Fuel Type (Petrol, Diesel, Others), By Car size (Compact car, Mid-sized car, Large-size car (SUV)), By Sales Channel (Online, offline), other and Region 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the India Second Hand Car Market research report.

What is the market outlook for India Second Hand Car?

The India Second Hand Car Market size is estimated to grow at a CAGR of around 4.5% during the forecast period 2021–26.

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Major Companies Operating in the India Second Hand Car Industry:

CARS24, Maruti True Value, Mahindra First Choice Wheels, Hyundai H Promise, Honda Auto Terrace, Ford Assured, Toyota U Trust, Big Boy Toyz, BMW Premium Selection, Audi Approved Plus, Mercedes-Benz Certified, Car Trade, OLX

India Second Hand Car Market Report Segmentation:

By Vehicle Type





-Others (Sports Utility Vehicles, Multi Utility Vehicles)

By Vendor Type/ Sector



  • Organized Sector Likely to Register Fastest Growth

By Fuel Type




By Car Size

-Compact car

-Mid-sized car

-Large-size car (SUV)

By Sales channel



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Regional Insights:






Market Driver – An Increasing Number of Online Platforms Drives the Market Growth

The digital revolution is disrupting the second-hand car market for the better. The new wave of online platforms emphasizes the importance of customer experiences in the second-hand car buying process to retain customers for a longer time and facilitate positive word of mouth in the market. Due to the surging competition and the availability of numerous options, and lower risks of purchasing the car through online platforms, there is a rise in the number of consumers preferring online platforms, thereby propelling the growth of the Second-Hand car market.

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About UsMarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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