Used Car In Delhi | Second Hand Car in DELHI & NCR | Biggest Outlet in NCR With 100+ New Cars 🔥✅
Certainly! The used car market in India has been experiencing significant growth. Riding the digital wave, the market is set to expand at a compounded annual growth rate (CAGR) of 11%. By FY26, it's projected to reach sales of up to 8.3 million units¹. Here are some key points:
1. **Market Growth**:
- The used car market is expected to reach over 70 lakh vehicles by 2025-26, up from 38 lakh in 2020-21.
- Factors driving this growth include the pandemic, digitalization, changing demographics, and aspirations.
- First-time buyers, urbanization, and nuclearization are also contributing to increased demand for pre-owned cars.
2. **Startups and Investments**:
- Three startups-Droom, CarDekho, and Spinny-have joined the unicorn club (startups valued at $1 billion or more).
- Cars24, an e-commerce platform for pre-owned vehicles, raised $400 million in November 2021 at a $3.3-billion valuation.
- These startups have collectively secured over $1.5 billion in funding from global venture investors.
3. **Regional Trends**:
- Bengaluru, Delhi-NCR, and Hyderabad are top markets for used cars, with maximum demand coming from these cities²³.
- Even Korean carmaker Kia plans to enter the used car market in India by 2022¹.
In summary, the used car market in Delhi-NCR is thriving, driven by digital platforms, changing consumer preferences, and increased availability of financing options. 🚗📈¹⁴⁵
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Please watch: "2024 Brezza Base Model: Top Cng Car Under 10 Lakh In India With Updated Safety Features"
• 2024 Brezza Base Model...
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27 авг 2024
