New Delhi, June 26 -- In what may be a major shift for the passenger vehicle industry in India, a new survey has revealed that nearly eight out of ten first-time car buyers are now considering buying a new car rather than a used one.

According to data released by auto research platform Park+ Research Labs, 77% first-time buyers now opt for a new car.

This is the opposite of what industry executives believed until a few months ago. For instance, a survey by CARS24 in January said that the used car market in India is likely to cross the one crore sales mark by 2030. It added that the demand for such cars is rising across both big and small towns.

However, Park+ said that out of 9,000 people it surveyed, 81% said that the prices of used c...