Best-Selling Used Car Brands in India in 2024

Rising new car prices, rapid urban expansion, and growing awareness of the benefits of buying a used car have fueled the growth of India’s used car market. Increasing confidence in online platforms like CARS24 has further accelerated this trend.

According to CARS24's latest internal sales report, India’s pre-owned car market outpaced new car sales in CY24 with a ratio of 1.3:1 — meaning that for every 10 new cars sold, 13 used cars were purchased.

Certain car brands have driven this surge, dominating the used car market with consistently high demand. Let’s take a closer look at the top-performing brands and the models that shaped this trend last year.

Top Selling Used Car Brands in India

The data confirms that hatchbacks remain the backbone of India’s used car market. But the rising popularity of compact SUVs and the steady demand for sedans reflect a diversified market. Today, used car buyers seek a balance of practicality, comfort, and affordability.

Maruti Suzuki’s dominance stems from the widespread appeal of its hatchbacks and sedans, which are known for their reliability, low maintenance costs, and strong resale value. On the other hand, Hyundai’s strength in the hatchback segment highlights a growing preference for compact cars that offer a mix of premium features and affordability. 

Tata’s growing focus on safety and build quality has contributed to increased consumer trust, while Honda stood out for its strong sedan lineup.

1. Maruti Suzuki – 35.9% Market Share

Maruti Suzuki has long been the dominant player in India’s car market, and its grip on the used car segment remains equally strong. Holding a commanding 35.9% share of the used car market in 2024, Maruti's success stems from the consistent demand for its reliable and fuel-efficient models.

The Swift led the charge as the best-selling used Maruti car in India last year, with a 24% share among Maruti hatchbacks. It also topped the overall used car market with a 6% nationwide share. The Swift Dzire reinforced Maruti’s dominance in the sedan segment. It was the best-selling Maruti sedan and held a 16% slice of the total sedan market, making it the second-best-selling sedan in India. The WagonR also remained a key player in Maruti’s lineup. 

2. Hyundai – 21.8% Market Share

Hyundai secured the second spot with a 21.8% market share, driven primarily by the strong performance of its hatchbacks. Hyundai's ability to balance premium features with competitive pricing makes its cars popular in the pre-owned market.

The i10 stood out as Hyundai's best-performing used car, accounting for 19% of Hyundai's used car sales. It also held a 26% share among used Hyundai hatchbacks and ranked as the second-best-selling hatchback in India with an 8% overall share. Following closely behind was the Grand i10, while Elite i20 also performed well, reinforcing Hyundai’s strength in the hatchback segment.

3. Tata – 9.0% Market Share

Tata claimed the third spot with a 9% share of the used car market, fueled by the strong performance of its hatchbacks and SUVs. Tata's focus on safety and build quality continues to resonate with Indian buyers. The Tiago was the best-selling used Tata car, making up 24% of the brand’s used portfolio. 

The Nexon followed closely, leading Tata’s SUV lineup with 48% of Tata SUV sales. It also ranked as the fifth-best-selling SUV overall with a 5% market share — a sign of the growing appetite for compact SUVs in India. The Tata Nano’s status as the most affordable new car when it launched continues to make it a popular option for budget-conscious buyers in the used car segment. 

4. Honda – 7.29% Market Share

Honda secured the fourth position with a 7.29% market share, thanks to the enduring popularity of its sedans. Honda’s reputation for comfort and refined driving experience continues to draw buyers in the pre-owned market. The City emerged as Honda’s best-selling used car, accounting for 43% of Honda’s used car sales. It also ranked as the best-selling sedan overall in the country, holding a 16% market share among all used sedan cars. 

The Amaze followed closely with a 22% share of used Honda cars sold in India. It also ranked as the fourth-best-selling sedan with an 8% market share. Known for its spacious interior and practical design, the Jazz secured its place as Honda's best-selling hatchback, holding an 8% share among Honda’s used cars.

Conclusion

Maruti Suzuki, Hyundai, Tata, and Honda led the used car market in 2024, with hatchbacks and sedans driving most of the sales. While Maruti Suzuki continues to dominate with a wide range of dependable models, Hyundai and Tata’s focus on hatchbacks and SUVs paid off well. 

Honda’s success in the sedan category reflects Indian buyers’ enduring preference for comfort and reliability. As the used car market continues to grow, these brands are well-positioned to maintain their leadership in the coming years.