Revving Up: The Resilient Growth of Used Car Sales
The used car sales volume is projected to grow by 8-10% in the 2025-26 fiscal, spurred by digital adoption and better financial access. Despite high operational costs, strong revenue growth may lead to breakeven. Organised players remain resilient, supported by significant equity fundraising.
- Country:
- India
According to a recent Crisil Ratings report, the used car market is poised for significant growth. Sales volumes are expected to increase by 8-10% in the 2025-26 fiscal year.
The boost in sales is attributed to increasing digital adoption and improved access to financial resources, with projections suggesting the market could reach six million units by the end of the fiscal year.
The used car sector has seen a substantial shift, with the sales ratio of used-to-new vehicles jumping to 1.4 over the past five years, reflecting a burgeoning market value now estimated at Rs 4 lakh crore.
(With inputs from agencies.)
Advertisement
ALSO READ
Delhi's Liquor Sales Surge: A Toast to Revenue Growth
Heritage Foods' Profit Drops Despite Revenue Growth
Tata Communications Faces Profit Slide Amid Revenue Growth
ASML Faces Uncertain Future Amid Tariff Talks: Revenue Growth at Risk
Transteel Technologies Set for Major Revenue Growth with Data-Driven Designs
Google News