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NEW YORK, May 17, 2021 /PRNewswire/ With the growing influence of the Western culture, particularly the hip-hop culture, through TV, magazines, and social media, the demand for luxury cars is rising in India, especially among the youth. However, most of the people of the country are still not able to purchase new luxury vehicles, which is why they are looking at pre-owned automobiles. As a result, the Indian used car market size is expected to rise from $18.3 billion in 2020 to $70.8 billion in 2030, at a 14.8% CAGR between 2021 and 2030, according to P&S Intelligence.
In this regard, the emergence of organized used car dealers is proving hugely beneficial. For instance, Big Boy Toyz Pvt Ltd. (BBT) offers used cars of various luxury brands, including BMW AG, Cadillac, Lexus, Land Rover, and Jaguar. As it is easier for customers to trust organized dealerships than individual vehicle sellers, the proliferation of more established players is ac