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FY26 outlook sluggish for used cars
June 10, 2025
|Financial Express Chennai
Slowdown
INDIA'S SECOND-HAND car market is expected to slow down in FY26 with industry executives projecting single-digit growth of 8-9%, lower than the 10-12% compound annual growth rate (CAGR) reported in the last few years.
The possible loss of momentum is being attributed to the sluggish sales of new cars; supply constraints could affect the pre-owned market, they point out.
Vineet Tripathi, chief business officer at Rupyy, a digital lending platform from the CarDekho Group, observed that if customers stop upgrading to new cars, supply constraints will eventually catch up.
The market for pre-owned cars was estimated at around 5.5 million units in FY25 and the numbers are expected to hit 6 million units this year.
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