Market ratio of pre-owned to new car in India FY 2016-2023

Published by
Shangliao Sun,
Jun 20, 2024
The pre-owned to new car market ratio was expected to be around 1.9 times across India in fiscal year 2028. In fiscal year 2023, the pre-owned car market stood at 5.2 million units. The pre-owned car market grew continuously over the observed time frame. This segment was bifurcated among organized, semi-organized, unorganized, and customer-to-customer category.

Market ratio of pre-owned to new car across India from financial year 2016 to 2023, with estimate of 2028

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Release date

May 2024

Region

India

Survey time period

FY 2016 to FY 2023

Special properties

*estimate

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

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