Archive · 26 Jun 2025
New Cars Gain Popularity as Used Car Prices Appear Inflated
More and more people in India who are buying a car for the first time are choosing to buy a new car instead of a used one.
A survey showed that most people think used cars cost too much.
They also said that it is easier to get a loan for a new car, and there is better help after you buy it.
Many people who looked at used cars decided not to buy them because of bad experiences, like delays and legal problems.
Because of this, some used car companies are changing what they do or reducing their business.
Survey reveals 77% of first-time car buyers in India now prefer new cars.
81% of those surveyed believe used car prices are artificially inflated.
Buyers cite better value, financing options, and after-sales support for choosing new cars.
65% of potential used car buyers abandoned the idea due to negative experiences.
Used car companies are shifting focus due to decreased demand.
- Who
- First-time car buyers, used and new car companies.
- What
- A shift in preference towards new cars over used cars among first-time buyers in India.
- When
- The survey was conducted recently.
- Where
- India
- Why
- Due to perceived artificial inflation in used car prices and better value in new cars.
Industry Analysis
Consumer Sentiment
Market Demand
Industry Analysis
Previous surveys indicated rising demand for used cars.
Consumer Sentiment
Recent survey indicates a shift towards new cars due to inflated used car prices and better value.
- Surveyed first-time buyers preferring new cars
- 77%
- Survey participants believing used car prices inflated
- 81%
- Survey size
- 9,000 people
- Buyers abandoning used car purchase due to negative experiences
- 65%
- Company changing focus
- CarDekho