There have been many significant studies done on the Indian automobile sector, primarily on new cars but, not many research studies have been done on used cars, revealing a potential research gap. Consumer preferences have changed after COVID-19 and there is more interest in a balanced lifestyle of work and play. A by-product of this change is an increasing purchase of cars mostly used for long-distance travel and weekend getaways. Also, with the advent of Vehicle Scrappage Policy 2021, limiting the use of vehicles to 10–15 years and a shift towards electric vehicles, there is a change in the usage life of Internal Combustion Engine (ICE) vehicles by the Indian populace which leads to sustainability. In addition, this has created an increase in the quantity of used cars in the market in good working conditions. This research paper aims to analyze the usage patterns, buying behavior, and problems faced while purchasing used cars in India. Also, this study aims to document the major players in the Indian used car market.

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Second-Hand Drive: A Comprehensive Study of Influencing Factors on Buying Decisions of Used Cars in India

  • Abhishek Kumar,
  • Manisha Paliwal,
  • Dimple Saini,
  • Pooja

摘要

There have been many significant studies done on the Indian automobile sector, primarily on new cars but, not many research studies have been done on used cars, revealing a potential research gap. Consumer preferences have changed after COVID-19 and there is more interest in a balanced lifestyle of work and play. A by-product of this change is an increasing purchase of cars mostly used for long-distance travel and weekend getaways. Also, with the advent of Vehicle Scrappage Policy 2021, limiting the use of vehicles to 10–15 years and a shift towards electric vehicles, there is a change in the usage life of Internal Combustion Engine (ICE) vehicles by the Indian populace which leads to sustainability. In addition, this has created an increase in the quantity of used cars in the market in good working conditions. This research paper aims to analyze the usage patterns, buying behavior, and problems faced while purchasing used cars in India. Also, this study aims to document the major players in the Indian used car market.