India’s pre-owned car market is vrooming amid an auto slump

India’s pre-owned car market is vrooming amid an auto slump

At a time when India’s auto sector is facing its worst slowdown in years, the second-hand market is booming. The pre-owned car market clocked a year-on-year growth of up to 12% in financial year 2019, according to a recent report in mint. Used car dealers such as Mahindra First Choice Wheels even had a bumper year with up to 50% growth year-on-year.