Finance penetration of pre-owned car market India FY 2019-2025
had a size of over 4.2 million units across India in fiscal year 2020, and the pre-owned car market grew continuously over the observed time frame. This segment was bifurcated among organized, semi-organized, unorganized, and customer-to-customer category.
The used car market in India in financial year 2020 had a finance penetration rate of 19 percent, a slight increase from the previous year. It was estiated that the finance penetration rate could reach 35 percent in 2025. The pre-owned car market