‘Organised platforms to contribute 45% of total pre-owned cars by FY25’
The Hindu
Used car market estimated to be 8.2 million units by FY25
Organised platforms will contribute 45% to the total pre-owned car market by FY25, from 25% currently, according to findings of a study commissioned by Volkswagen India through its pre-owned car business Das WeltAuto (DWA) and Frost & Sullivan. As pre-owned cars are gaining momentum among customers, it is estimated that the used car market will touch 8.2 million units by FY25 from 3.8 million units in FY21. As per the report, the demand for pre-owned vehicles is constantly growing and the ratio of used cars compared with new cars is expected to become 2.1x by FY25. And there will be a substantial rise in demand across the organised sector of pre-owned passenger vehicles business.More Related News