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Rise of Indian used car market; set to exceed 10 mn units by FY28, ET Auto

Fuelled by a burgeoning middle class with rising disposable income, a growing desire for personal mobility and shorter vehicle replacement cycles, the used car market is steadily growing. Moreover, In India, buying a pre-owned vehicle is no longer considered a ‘compromise’.

Volkswagen Used Car Market: Volkswagen to rebrand used car biz, plans future investments, ET Auto

Volkswagen Used Car Market: Volkswagen introduced its used cars business Das WeltAuto in India with its dealership in Mumbai in 2012. The business trades in cars from all manufacturers and are not restricted to just Volkswagen cars. With a less than 2% market share in the Indian new car market, Volkswagen has been putting all its efforts on bringing stability in its operations over the last 2-3 years. It is now ready to work on future investments.

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