Spike in Used Car Purchases? Here's What You Need to Know About Transferring Insurance
Aug 02, 2025
New Delhi [India], August 2: India's second-hand car market is booming. In 2024 alone, over 54 lakh used cars were sold--outpacing new car sales, which stood at 4.1 million. Several factors are driving this trend: the widening price gap between new and used vehicles, stricter emission norms pushing up prices of new models, and the rise of organised platforms that make the resale process easier and more transparent.
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