Used-car market enters new era: Why more Indians are choosing used cars despite rising incomes

India's used car market is booming, projected to hit $70 billion by FY31 as buyers increasingly choose pre-owned vehicles for value and smart ownership. Consumers now seek quality and convenience, with many first-time buyers entering the market through used cars. Organized players are building trust through certification and digital platforms, offering a new-car-like experience. Faster vehicle replacement cycles will further fuel this significant market expansion.

Raccontata daeconomictimes.indiatimes.com