India’s appetite for luxury cars is shifting gears and Tier-2 cities are leading the acceleration.
According to Spinny's (a company which sells pre owned cars )April – June 2025 data, demand for pre owned luxury cars surged over 30% in cities like Jaipur, Coimbatore, and Kochi.
But here's the real game changer:
🔹 80% of these transactions are now happening online.
Yes, even luxury is going digital.
☑️ What’s igniting this fire in the used-luxury segment?
As per Crisil, India’s used car market is growing at a steady 8 - 10% annually and is expected to touch 6 million units by FY26.
That’s 2x the volume of new car sales.
Within this space, the luxury segment is seeing a new kind of buyer:
Young, aspirational, digital-first consumers not just from metros, but from emerging urban hubs across the country.
In fact, 2024 was a turning point:
Indians bought approximately 80,000 used luxury cars ,far more than the 50,000 new ones sold that year.
✔️ Fact Check (and why this matters):
🔹 Top-selling models: Audi Q3, BMW X1, Mercedes GLA
🔹 Online bookings hit a record 👉 80%, up from 77% in Q1
🔹 70% of buyers are first-timers, with an average age of 34, and 26% are women
🔹 Petrol cars dominate (82%), while automatic transmissions make up 30% of sales
🔹 Diesel variants are more popular in Bengaluru; early EV/hybrid demand is emerging in Pune and Bengaluru
🔹 58%+ buyers use loans, with Coimbatore leading at 65% loan adoption
Sources :businesss standards ,infoline ,times of india
