The Evolving Used Luxury Car Market in India
The luxury car market in India has been experiencing significant growth over the past couple of years. In 2023, the luxury car segment in India grew by around 20% with the highest-ever sales of around 47,000 cars in a calendar year, showcasing a robust demand despite global economic uncertainties. This evolution is driven by a combination of increasing disposable incomes, rising number of millionaires, and the aspirational value associated with luxury brands. In 2024, the