India Pre Owned Premium Car Market Research Report and Future Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How is the India Pre Owned Premium Car Market positioned? Market Growth: The market registered a CAGR of ~ % and ~ % on the basis of GTV & volume respectively during 2013-2018. This has been due to expansion of new car sales, launch of new models customizations, decline in average ticket size, introduction of new sales channels and others. Threat of New Entry: As the luxury car market gets more lucrative, other foreign players are expected to enter the market. Companies need to work on maintaining its reach so that the impact of market entry by other major known brands may not impact its market. Demand expanded primarily owing to rise in the number of HNI’s & per capita disposable income. Change in mindset of domestic population for favoring used cars over new cars also facilitated the shift. Moreover, the crunch in terms of easy credit (cash) has led to customers postponing their decision to buy pre-owned cars, leading to a fall in volume. ~ % dealers are now required to bear a higher tax burden under GST in comparison to old VAT structures. This has also pushed the demand for car financing. Request for a sample report India Premium Used Car Market Segmentation By Average Ticket Size, 2013-2018 The market witnessed a gradual decline in the average ticket size registering a CAGR of ~ % during 2013-2018. Average price of premium vehicle is around INR ~ lacs higher in the organized network owing to certifications involved, one stop solution for RC transfer, insurance transfer, financing, warranty offered, genuine spare parts along with premium services extended. The prospective customers have shifted their buying decision towards premium used car, instead of opting for a new car. By Market, 2018-2023 The market has been captured by the unorganized players contributing more than ~ % of the entire sales volume in 2018. Similar trend is expected to continue in the future with a minute dip witnessed in favor of organized market space. The organized sales volume is expected to showcase growth at a very strong CAGR of ~ % while the unorganized sales volume will grow at ~ % during 2018-2023. By Car Brand/Make, 2018 Mercedes Benz has been the market leader in terms of sales volume capturing highest sales share in new & used premium car segment in 2018. BMW has been the second contender in respective markets in 2018. Although Mercedes Benz’s average ticket size is higher than BMW, its excellent service, elated car experience & regional expansion has contributed to these numbers. India Pre Owned Premium Car Market Future Projections and Outlook to 2023 Future Trends in India Pre Owned Premium Car Market Entry of New Player in Online and Offline Retailing Higher Auto OEM’s Involvement in Promoting Car Business Availability of Innovative Purchase Options Shift of Regional Focus to Tier 2 and Tier 3 Cities Retail Network Expansion Sales of Electrical and Hybrid Cars Technological Innovation Key Target Audience:- Online Auto Listing Websites Premium Car Companies NBFCs, Insurance Companies and Banks Used Car Dealers New Market Entrants Time Period Captured in the Report:- Historical Period: 2013- 2018 Forecast Period: 2019 – 2023 Request for custom report Companies:- BMW Mercedes Benz Audi JLR BBT Cars 24 Cartrade Key Topics Covered:- India Pre Owned Premium Car Industry India Pre Owned Used Car Market India Used Car Industry India Pre Owned Premium Car Market Revenue Used Luxury Cars For Sale In Mumbai Number of Branches of Car Trade India Used Luxury Car Market India Used Car Finance By BMW India Resale Value Analysis Of Used Car India Dealer Sales Luxury Cars India BMW Pre Owned Premium Car Market Sales India India Used Car Market Sale By Dealership For more information on the research report, refer to below link:- India Pre Owned Premium Car Market Related Reports:- US Vehicle Finance Market Outlook to 2023 –By Banks and Non Bank Entities including Captives and Credit Unions and Finance Companies (Auto Loan Portfolio), By New and Used Vehicles, By Type of Vehicle Financed (Passenger Cars and Light Trucks), By Loan Time Period and By Risk Category Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales UAE Used Car and Auto Classified Market Outlook to 2022 – By Revenue Streams (Commission, Paid Listings, Banner Advertisement), By Export and Domestic Sales Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com 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