‘Droom users are guaranteed security for investment & peace of mind’
As one of the leading portals in the automobile trade market in India, how big is the used vehicle market in India?
The used vehicle market has witnessed a growth of 40-50 per cent over the last year. Even though the supply has been coming mainly from metro markets, there has been a boost in demand from Tier-II and Tier-III cities as well. With an estimated value of Rs 1 lakh crore in 2018-2019, the used car market business accounts for more than half of what is done in the new car space. The Indian used car market as a whole is expected to register over 10 per cent CAGR in the period 2019-2024.
The two-wheeler segment follows a similar growth trajectory, with the used segment steadily becoming mainstream. Both
