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Spinny, one of the leading full-stacked used car marketplace has shared its findings for Q3 CY2023. The company witnessed a rise to 63% of first-time car buyers across India from August 2023 to October 2023 compared to 57% a year-ago.
The company delivered over 600 cars on the first day of Navaratri and sold over 2,300 cars during the 9-day festive period. This trend is likely to continue as Dhanteras and Diwali approaches.
Some of the interesting highlights of its sales analysis found that –
- Bengaluru, Delhi NCR and Hyderabad generate significant demand, with 80% of buyers opting for petrol cars
- First-time buyers consistently continue to increase demand for cars with 63%
- Hyundai Grand i10
stands out as the most popular choice in metropolitan cities - Increase in the demand for automatic compact SUVs and Hatchbacks
The company says that easy financing options, rapid digitalisation, an increased need for personal mobility, lesser cost of ownership acted as growth drivers. While hatchbacks remained the most preferred option for Spinny buyers, there’s a growing demand for compact and luxury SUVs. When it came to vehicle colours, Delhi NCR prefers white, silver
Niraj Singh, Founder & CEO, Spinny said “We have gone the extra mile by pushing a complete hybrid model that’s flexible to online to offline methods, our relentless commitment to a customer’s comfort and convenience. With over 600+ deliveries on the first day of Navratri, it’s a testament to playing a small part in big celebrations of customers.”
In the last two years, Spinny says its customer base has risen to over 2 lakh, with over 57 operational car
Regarding trends in used luxury car segment, the Max category saw the highest demand in the Delhi NCR region, followed by Bengaluru and Mumbai. The company saw a consistent demand for luxury brands like Jeep
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