India's used car market to hit $50 billion by 2030
India's pre-owned car scene—already a $36.39 billion market—is expected to nearly double, hitting 9.5 million cars sold by 2030.
Rising new car prices, better incomes, and more buyers from smaller cities are fueling this growth.
More people now see used cars as an upgrade, not just a budget choice.
SUVs dominate the scene
SUVs and compact SUVs have taken over more than half of all used car sales (up from just 23% four years ago).
The average price for a used ride has jumped 36% as buyers move up from smaller cars.
Most people want newer models (4-7 years old) with better safety features.
Changing buyer preferences
Today's buyers care about safety ratings, clear ownership history, and solid technical details when picking a used car.
Brand loyalty is strong—42% stick with the same brand when buying again.
Certified pre-owned programs and digital platforms are making it easier for everyone, especially those outside big cities, to buy with confidence.