With increase in fuel prices, E.V revolution slowly catching the attention,the customers are waiting for trustworthy EV wheelers. But till then they have shifted their attention to used cars , which has created a demand for used cars, but this is a stop gap arrangement for sure…
● Maruti, Hyundai, and Honda, the three most in-demand car brands among Spinny’s buyers
● Spinny witnessed an increase in digital sales by 44%
● Women car buyers claim a 32% share in the overall business
● Increase in demand for used luxury cars from metro cities
Spinny Insights Q2 2022
Stats from a personal car loving quarter
First time car-buyers
57%
Age group that bought the most cars
30-40 years
Women car-buyers
32%
Home deliveries
80%
Online Purchases
44%
Top three preferred car brands
Maruti Suzuki, Hyundai and Honda
Top three preferred car models
Hyundai elite 120, Grand i10 & Maruti Suzuki Baleno
Top three preferred colours
White, Grey and Silver
- As demand for personal mobility increases, Spinny, India’s full-stack used car marketplace, witnessed a significant growth in its used car inventory in the second quarter of 2022. In Spinny’s Q2 trend report 2022, over 57% of buyers were first-time buyers. This report reveals several interesting insights about buying and selling pre-owned cars in India. As a result of the high demand for contactless buying & selling in the used-car industry, Spinny reported 44% digital transactions. Interestingly, Spinny has witnessed 32% women buyers in Q2.
The majority of Spinny’s car buyers are between 30 and 40 years old. The boost in demand for used cars is due to a number of factors, including personal mobility needs, economic factors, and the acceptance of used cars. The key goal of the brand is to create an efficient, credible and reliable ecosystem for used-car owners.
Among favourite brands, Maruti, Hyundai, and Honda cars reign supreme. Hatchbacks are the most popular model type, followed by sedans and SUVs. Three of the most preferred car models are the Hyundai elite i20, grand i10 and Maruti Suzuki Baleno. Colours like white, grey, and silver, specifically in that order, are among Spinny buyers’ favourites.
Speaking on Spinny’s Q2 insights, Niraj Singh, Founder & CEO, Spinny, commented – “Today, a car is no longer merely a novelty, but is increasingly being regarded as a necessity in urban areas of India. Spinny has maintained its commitment to home delivery and home test drives with #Extracare. With our focus on the pillars of Spinny Assured® designed to include quality, standardisation and the greatest degree of customer-centricity, people have come to trust a pre-owned car company and have helped us drive life-long relationships with car buyers. Our data shows that we are making progress toward our goal of providing high-quality automobiles to every household in the nation.”
Seeing young India’s aspirational consumption and its appetite for luxury vehicles, Spinny had recently launched its luxury segment, Spinny Max. With an assortment of over 500 cars and delivery service through 250 cities, the company has witnessed an increase in demand from metro cities and under the age bracket of 31 to 45 years. In the second quarter of 2022, Spinny Max premium cars are governed by brands such as Mercedes, Audi & BMW & the preferred car models are Mercedes C class, BMW 3 series & Audi Q3. Colours like white, grey, and black, specifically in that order, are among Spinny Max buyers’ favourites.