The used car market in India in financial year 2020 had a finance penetration rate of 19 percent, a slight increase from the previous year. It was estiated that the finance penetration rate could reach 35 percent in 2025. The pre-owned car market had a size of over 4.2 million units across India in fiscal year 2020, and 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.
Finance penetration of pre-owned car market across India from financial year 2019 to 2020, with estimates of 2025
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Finance penetration rate
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CarAndBike. (March 25, 2021). Finance penetration of pre-owned car market across India from financial year 2019 to 2020, with estimates of 2025 (in million units) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1258575/india-pre-owned-car-market-finance-penetration/
CarAndBike. "Finance penetration of pre-owned car market across India from financial year 2019 to 2020, with estimates of 2025 (in million units)." Chart. March 25, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1258575/india-pre-owned-car-market-finance-penetration/
CarAndBike. (2021). Finance penetration of pre-owned car market across India from financial year 2019 to 2020, with estimates of 2025 (in million units). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1258575/india-pre-owned-car-market-finance-penetration/
CarAndBike. "Finance Penetration of Pre-owned Car Market across India from Financial Year 2019 to 2020, with Estimates of 2025 (in Million Units)." Statista, Statista Inc., 25 Mar 2021, https://www.statista.com/statistics/1258575/india-pre-owned-car-market-finance-penetration/
CarAndBike, Finance penetration of pre-owned car market across India from financial year 2019 to 2020, with estimates of 2025 (in million units) Statista, https://www.statista.com/statistics/1258575/india-pre-owned-car-market-finance-penetration/ (last visited July 22, 2024)
Finance penetration of pre-owned car market across India from financial year 2019 to 2020, with estimates of 2025 (in million units) [Graph], CarAndBike, March 25, 2021. [Online]. Available: https://www.statista.com/statistics/1258575/india-pre-owned-car-market-finance-penetration/