Spinny, a preferred used automobile market, gathered knowledge that sheds gentle on the demographics of the pre-owned automobile market. The common age of pre-owned automobile patrons is 32, and girls now account for 32 % of the demand.
By way of recognition, the Hyundai Grand i10, Maruti Suzuki Swift, and Renault Kwid hatchbacks emerged because the top-selling fashions within the pre-owned market through the third quarter of 2023. Amongst these fashions, silver and gray have been the popular shade selections amongst clients. Maruti Suzuki, Hyundai, and Honda are the manufacturers most most popular by clients within the used automobile section. The demand for computerized automobiles has additionally seen a rise.
The recognition of on-line purchases of used automobiles has witnessed a major rise, with 70 % of bookings happening on-line. Moreover, 32 % of shoppers are choosing dwelling supply, and end-to-end digital transactions have elevated by 21 %. Amongst completely different segments, compact SUVs and hatchbacks are in excessive demand amongst used automobile patrons. Luxurious manufacturers corresponding to Jeep, BMW, and Mercedes-Benz have additionally seen constant progress, with the BMW X1 SUV and Mercedes-Benz C-Class sedan being the highest selections.
Nevertheless, the ban on diesel automobiles older than 10 years has affected the demand for diesel pre-owned automobiles, with over 80 % of used automobile patrons now preferring petrol automobiles. This transformation in choice is predicted to impression the residual worth of diesel automobiles sooner or later.
Throughout the ongoing festive season, Spinny reported promoting over 2,300 automobiles through the 9-day Navratri pageant, with 600 deliveries happening on the primary day alone. This development is predicted to proceed through the upcoming Dhanteras and Diwali festivals as properly.