The sales volume of used cars is projected to increase by 8-10% in the 2025-26 fiscal year as per a report by Crisil Ratings.
Improved digital adoption and access to finance are key drivers for this growth, with sales expected to reach around six million units.
The ratio of used-to-new car sales has risen to 1.4 in five years, and the market value of used cars is estimated to be around Rs 4 lakh crore.
Organised players in the sector are incurring high operational costs but are expected to achieve breakeven at the operating profit level in the current fiscal year.