New Delhi, Aug. 4 -- Used-car volumes are expected to grow 7-9 per cent in FY27, led by first-time buyers who account for nearly two-thirds of transactions. According to Crisil Ratings, India's organised used-car market is poised to cross 7 million units, with the used-to-new car sales ratio remaining above 1x.

Organised players currently account for around 26 per cent of used-car sales, while unorganised transactions continue to dominate overall market activity.

"Used-car volumes are expected to grow 7-9 per cent this fiscal, led by first-time buyers who account for nearly two-thirds of transactions," said Anuj Sethi, Senior Director, Crisil Ratings.

"Rising new vehicle prices and affordability considerations are supporting used car d...