Pre-Owned Car Market Bigger Than New Car Market: Study

The pre-owned or second-hand car market has been growing steadily over the past decade. Though there’s still a long way to go for it to become organised, there’s been a significant change in the way this market has grown over the years. A study done by Mahindra First Choice Wheels and published in the third edition of the “Indian Blue Book” points out to this very fact. The study says that in FY2018-19, the pre-owned car market has grown steadily and has crossed the 4 million unit mark making it bigger than…

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