India's used car mkt hits 5.9 mn units as SUVs, premium models fuel growth

India's pre-owned car market is expanding fast as buyers prioritise SUVs, safer models, trusted brands, and certified dealers - signalling a shift from affordability to aspiration in FY25

India’s pre-owned car market touched 5.9 million units in FY2024-25 and is projected to grow at a 10 per cent compound annual growth rate (CAGR), reaching 9.5 million units by 2030, according to a report.

 

The 7th edition of the Indian Blue Book — the annual report developed by car&bike by Mahindra First Choice and Volkswagen Certified Pre-Owned — tracks buyer sentiment, market shifts, and technologies shaping the future of mobility.

 

It shows that the country’s second-hand car market is rapidly formalising, driven by rising consumer aspirations, demand for SUVs, and growing trust in organised players.

 

The share of SUVs