Increasing Craze of Older Car: The possibility of reaching the market $ 40 billion in the financial year 2026

In the last two to three years, the increasing craze of old cars compared to the new car In the last two years, the country’s used car market is increasing at 10 to 12 percent.

In the year 2025-26, old cars selling new cars are left behind. Industry sources said the average sales price of the used car is also increasing due to increasing demand. In the last two to three years, the country’s used car market is increasing at 10 to 12 percent.

The increasing craze of older cars is constantly increasing at 10 to 12 percent.

Considering the current status of the year, it is expected to be $ 40 billion in financial 2029. This means that in terms of numbers, the sale of the used car is expected to be between 70 lakhs from 65 lakh. Currently, the new car’s local market is expected to be about $ 43 billion. These growth will also accelerate growth in other fields such as taps, finance etc. New car market in 2023-24 reached 42 lakh vehicles historical high levels and this year. Are expected to stay stable.

The increasing craze of older cars: The use of the used car market is seen in strong growth.

New car sales in the financial year 2025-26 are expected to reach one to two percent to two percentage. In contrast, the used car is seen in strong growth in the market.

South India has recently seen the highest growth. In terms of price, the demand of the range of ranges from 9 lakh to 8 lakh rupees (especially compact SUV) is most viewed, which is based on many factors in their performance, location, value and large car attraction.

Increasing Craze of Old Car: The possibility of reaching the market 50 billion dollars in 2030

In terms of markets, the average sales price of cars coming to the country has increased due to this increase. The average sales of cars used in India are between 4.5 lakh rupees, which are increasing and increased by 10 to 15 percent in the last two to three years. The market has increased by 10 to 12 percent in the market for the market to reach $ 50 billion in the market by 2030. The price of medium range (in a range of 10 lakh rupees) has increased by 14 standard 19%. The fastest growth in the premium and SUV models in this field has been seen. Due to high demand and limited supply, this has increased by 20%. The second factor in the development of the used car is that the average period of ownership has declined.

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