80% user car buyers in India are 1st-time car buyers: Study

India's used-car market is growing rapidly, driven primarily by first-time vehicle owners, who now account for over 80 percent of buyers. The Autocar India and Spinny Mobility Intelligence Report 2026 found that used-car market is larger than the new-car market, with SUVs and financed purchases leading demand. Rising new-car prices, easier financing are making used vehicles the preferred choice.