Spinny Sales 2022 Gurugram, Haryana, India: Maruti, Hyundai and Honda remain the three most in-demand car brands among buyers Bengaluru, Delhi-NCR and Hyderabad generate significant demand, with 71% of buyers opting for petrol cars Increase in demand for airbags, sunroofs and automatic transmissions in used cars Increase in the demand for automatic compact SUVs Spinny Insights 2022 First-time car buyers 60% Women car buyers 32% Home deliveries 85% Online purchases 48% Top three car-buying cities Bengaluru, Delhi-NCR and Hyderabad Top three preferred car brands Maruti Suzuki, Hyundai and Honda Top three preferred car models Hyundai Grand i10, Hyundai Elite i20 and Renault Kwid Top three preferred colours White, Silver and Grey With the growing economy and steady growth in disposable incomes, full stack used car retailing platform, Spinny has reported a sizable growth in demand for used cars, especially from metropolitan cities. As per the year-end report, it witnessed a 60% increase in first-time car buyers across India in 2022 as compared to 57% in 2021. Valued at $23 billion in FY 2021-2022, the used-car market is projected to grow double the rate, at a CAGR of 19.5% till FY 2026-2027. As per data from Spinny, cities that saw […]
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