The Rise of the Used Car Market in India, And Why CARS24’s CARE+ Warranty is a Game-Changer

Innovations in technology, the emergence of specialised used car platforms, and a general shift in preferences have brought about a boom in the used car industry. Over the years, used car sales have started trailing that of new cars, with the current ratio in 2025 reported to be nearly 1.4:1, which was less than 1:1 just 5 years ago. With an estimated CAGR of 13 – 15%  from 2023 to 3030,  the demand for used cars in the country is only expected to grow further.

With data amassed from over 10 lakh transactions in the past decade, the picture that has come forth is that used car buyers demand greater warranty coverage for their vehicles, seeking more value and peace of mind. Backed by customer demand, CARS24 has crafted specialised warranty plans for consumers, called CARE+, spanning up to 3 years, or 45,000 km, covering the maximum number of parts. No other player in the market offers such comprehensive warranty plans for used cars, but there’s more to it than just kilometres covered. Let’s dive into what makes CARS24’s extended warranty packages a must-have for used car buyers today.

Used Car Industry Growth: Key Stats

• Used-to-new car sales ratio in 2025 is 1.4:1, up from less than 1:1 just five years ago.
• CAGR of the used car market is projected at 13–15% from 2023 to 2030, indicating steady and substantial growth.
• A growing number of consumers are now choosing used cars for greater value, reliability, and longer ownership cycles.

What Buyers Want: Trust, Value & Long-Term Peace of Mind

With over 10 lakh transactions analysed across the last decade, a clear trend has emerged: Used car buyers demand extended warranties that offer broad coverage and peace of mind. That’s why CARS24 created the CARE+ extended warranty plans, designed to address buyer concerns with a comprehensive, affordable, and transparent solution.

Introducing CARE+: CARS24’s Industry-Leading Warranty Package

CARE+ is not just a warranty. It's full-spectrum protection.

Key Features of CARE+:

• Coverage up to 3 years or 45,000 km – among the highest in the industry.
• Extensive part coverage – not just powertrain (engine, transmission, suspension), but also non-critical components like the air conditioning system, and more.
• Applies to all vehicle segments, including:
  • Prime segment (CARS24 Assured cars)
  • Value segment (budget cars)
  • Verified seller-listed cars (non-inventory but thoroughly vetted)

Unlike most competitors, who limit extended warranty to certified/assured vehicles only, CARE+ is inclusive and comprehensive, offering equal protection across all vehicle types.

Built for Every Buyer: D2C + Marketplace Advantage

CARS24 operates on a unique Direct-to-Consumer + Marketplace hybrid model, ensuring:

• Access to a wider inventory of both inspected cars and verified seller-listed vehicles.
• Stringent verification for seller cars, so you get reliability and transparency even in peer-to-peer transactions.
• CARE+ coverage extends to seller-listed cars, not just CARS24’s inventory, delivering value and peace of mind, no matter where the car comes from.

CARE+: More Than Just a Warranty

CARE+ isn’t just about protecting your car; it’s about protecting your ownership experience.

Additional Benefits Included at No Extra Cost:

• Free Annual Servicing

   

  • Keeps your car in optimal condition.
  • Helps prevent major issues, reducing long-term maintenance costs.

• 24/7 Roadside Assistance (RSA)

   

  • Immediate support during breakdowns, whether in the city or on highways.
  • Towing to the nearest service centre or your home, zero downtime guaranteed.
  • Always on. Always covered.

These services cost nothing extra, making CARE+ a highly cost-effective, convenient, and worry-free ownership solution.

CARE+ Protects Your Car and Your Resale Value

When the time comes to move on from your car, CARE+ continues to work for you.

Assured Buyback Offer:

• Guaranteed resale value through CARS24.
• No haggling, no hassle, no listing or negotiation required.

• Just hand the car back and walk away with guaranteed value.

   

Included as part of the CARE+ package, this feature ensures a smooth exit strategy and confidence in your purchase decision.

Why CARE+ is the Smartest Choice for Used Car Buyers

No matter what type of vehicle you buy, a Prime segment car, a budget-friendly Value car, or a verified seller-listed model, with CARE+, every car gets the same high standard of care and coverage.

CARE+ At a Glance:

• Up to 3 years / 45,000 km coverage
• Maximum parts covered, both critical and non-critical
• Free annual service, 24/7 roadside assistance, and assured buyback
• Available for all types of cars, not just certified ones

Not Just a Warranty Package, but the Ultimate Peace of Mind

Whether you choose to buy a CARS24 assured car from the Prime segment, or a budget offering from the Value segment, or even a verified seller listed car, every car receives the same level of care and guarantees the same peace of mind when you get CARE+. Buy the best quality used cars and the best-in-class warranty package when you buy your next used car from CARS24