Autocar India and Spinny Unveil Mobility Intelligence Report 2026, Revealing the Forces Reshaping India's Used-Car Ecosystem Autocar India and Spinny released the Mobility Intelligence Report 2026, a detailed analysis of India’s evolving used-car market based on over 11,000 transactions across nine cities. The report highlights significant shifts in consumer behavior, market growth, and emerging challenges, offering insights into how the used-car ecosystem is transforming mobility in the country. The findings underscore the growing role of the used-car market in expanding access to personal transportation, driven by factors such as rising first-time ownership, increased financing adoption, and changing consumer preferences. The report reveals that 80–82% of used-car buyers in India are first-time car owners, positioning the used-car segment as a primary gateway to vehicle ownership for millions of Indians. This trend reflects a broader shift in consumer priorities, with many opting for used vehicles over new ones to meet affordability needs while accessing higher-end models. The used-car market is estimated to be 1.39 times larger than the new-car market, growing at an annual rate of 11–13%. Within this, the organized segment—comprising platforms like Spinny—is expanding at over 20% annually, driven by increasing trust, transparency, and convenience. Financing has emerged as a critical enabler of growth in the used-car ecosystem. Over the past five years, used-car financing penetration has doubled from 16% to 32%, with nearly 60% of transactions on organized platforms now involving financing. This trend is attributed to growing lender confidence and improved consumer trust in the category.#maruti_suzuki #hyundai #autocar_india #spinny #kia
