Used car marketplace Cars24 forays into new car market. ‘New Cars’ has been rolled out as an online-only offering on the company’s website. Features under the new offering include detailed video walkthroughs, on-road pricing details, test drive services, and financing options. This comes at a time when players in the space such as Spinny, Droom, and CarDekho have been reporting slower growth and are launching new services to boost revenue. In FY23, a total of 51 lakh used cars were sold in India and the industry was worth $34 billion. From there, the sector is expected to grow to $73 billion and sell 1.09 crore used cars by FY28, according to the latest Indian Blue Book (IBB) report by ‘car&bike’ and ‘Das WeltAuto by Volkswagen’ Cars24 had in August last year launched a super app to bring ancillary services including vehicle servicing, insurance payments, vehicle financing, chauffeur booking and FASTag distribution under one roof, to expand income streams.