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Share this article Share this article NEW YORK, May 17, 2021 /PRNewswire/ -- With the growing influence of the Western culture, particularly the hip-hop culture, through TV, magazines, and social media, the demand for luxury cars is rising in India, especially among the youth. However, most of the people of the country are still not able to purchase new luxury vehicles, which is why they are looking at pre-owned automobiles. As a result, the Indian used car market size is expected to rise from $18.3 billion in 2020 to $70.8 billion in 2030, at a 14.8% CAGR between 2021 and 2030, according to ...

Used Car Market to Grow With 8.7% CAGR Through 2030 Says P&S Intelligence NEW YORK, Jan. 26, 2021 /PRNewswire/ -- The used car market has historically been dominated by various companies operating in the unorganized sector in the developing nations such as India, China, Mexico, and Brazil. A majority of the transactions have been traditionally made by individuals who were trying to sell and buy cars. As the parties involved in these transactions have been primarily individuals rather than organizations or firms, it has been very difficult to build trust and connection between them. Accordin...