New Delhi, July 13 -- The sales volume of used cars in India is expected to cross 6 million units this fiscal driven by value-conscious demand, rising digital adoption and better access to finance, the credit rating agency Crisil Rating said in a report.

This has lifted the used-to-new ratio in car sales to 1.4 from less than 1 five years ago, with the volume growing more than twice as fast.

After a tepid 5 per cent volume growth seen between fiscal 2017-24, used vehicle sales grew at a strong 8 per cent last fiscal and is poised to grow up to 10 per cent this fiscal too, said the credit rating firm.

The market value of these used cars is estimated to be around Rs 4 lakh crore, nearly matching that of new car sales.

The organised play...