New vs. Used Cars: Which Drives the Market Today?
Used Car Market
• 2024 Sales Volume: ~5.4 million units
• Projected 2030 Sales Volume: ~10.8 million units (CAGR: ~13%)
• 2024 Market Size: USD 36 billion
• Projected 2033 Market Size: USD 101 billion
New Car Market
• 2024 Sales Volume: ~4.16 million units
• 2024 Market Size: USD 121.5 billion
• Projected 2033 Market Size: USD 247.4 billion (CAGR: ~7
Get More Information: - https://www.rupeedot.com/
Finance Penetration & Challenges
New Car Financing
2024 Penetration: 75%
Reflects high reliance on financing for buying new cars.