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    ‘Droom users are guaranteed security for investment & peace of mind’

    Jun 07, 2019 5 minutes
    INTERVIEWED BY: HARKET SUCHDE

    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

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