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
Used Car Study 2026: Maruti Baleno Holds Its Value Best Among Midsize Hatches The fourth edition of Autocar India’s Used Car Study, conducted in collaboration with Spinny, India’s leading pre-owned car platform, has revealed that the Maruti Baleno maintains the highest resale value among midsize hatchbacks in the country. The study analyzed real-world depreciation trends across a wide range of vehicles sold in the Indian market between January 1 and August 31, 2025, using transactional data from Spinny’s network. In the premium hatchback segment, the Maruti Baleno and its sibling, the Toyota Glanza, emerged as the top performers. Despite being mechanically identical, the Toyota-badged model consistently commanded a slight premium in the used car market, attributed to stronger brand perception and Toyota’s reputation for reliability. The Tata Altroz, the only diesel-powered option in the segment, showed depreciation trends aligned with its petrol-powered counterparts, indicating balanced demand across fuel types. The study found that the average selling price of a five-year-old premium hatchback on Spinny’s platform was Rs 6.43 lakh. For three-year-old and one-year-old models, the average prices were Rs 8.27 lakh and Rs 8.67 lakh, respectively. Over the same periods, depreciation rates amounted to 42.8%, 32.7%, and 21.4%, highlighting the significant drop in value over time. The methodology of the study focused on average selling prices (ASPs) across nine major cities in India, including Delhi-NCR, Bengaluru, Hyderabad, Pune, Chennai, Mumbai, Lucknow, Ahmedabad, and Kolkata. Depreciation was calculated as the percentage difference between a vehicle’s original on-road price at the time of manufacture and its resale value in 2025. Models with multiple engine options or variants were averaged to ensure consistency.#maruti_baleno #toyota_glanza #tata_altroz #spinny #autocar_india
