Gurugram based used car platform, Spinny has released its trend report for the second quarter of 2022 calendar year. Between April and June 2022, the company observed that 57 percent of its customers were first-time car buyers. In fact, the majority of Spinny’s customers were between the ages of 30 and 40, while 32 percent of the total car buyers were women. Spinney reports that the increase in demand for used cars is due to factors such as the need for personal mobility, the economics and acceptance of used cars.
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The Spinny saw a 75 percent higher demand for petrol cars, compared to 23 percent and 2 percent compared to diesel and CNG.
Speaking on Spinny’s Q2 insights, Neeraj Singh, Founder and CEO, Spinny, said, “Today, a car is no longer just a novelty, but is increasingly being perceived as a necessity in urban areas of India. Spinny has maintained its commitment to home delivery and home test drive with extracare. With our focus on Spinny Assured’s pillars of quality, standardization and designed to incorporate the greatest degree of customer-centricity, People have trusted a pre-owned car company and helped us drive life- long relationships with car buyers. Our data shows that we are committed to providing high quality automobiles to every household in the country. We are making progress towards our goals.”
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The report also mentioned that due to the high demand for contactless buying and selling in the used car market, 44 per cent of Spinny’s total transactions took place through online channels. On the other hand, 80 percent of Spiny customers preferred home delivery of their car. The report also highlighted what were the top picks of Spiny customers in terms of brand, model and color in the second quarter of 2022. While the top 3 preferred car brands were Maruti Suzuki, Hyundai and Honda, the top 3 models were preferred. The customers followed by Hyundai i20, Grand i10 and Maruti Suzuki Baleno. The top 3 favorite color options were white, gray and silver.
Spinney also reported that 80 percent of Spiny patrons preferred to have their car home delivered.
Recently, Spinny also began selling pre-owned luxury cars under a new vertical called Spinny Max, and the company says it already has more than 500 cars and delivery services through 250 cities. is classification. Spinney says that the demand for luxury vehicles from metro cities under the age group of 31 to 45 years has seen an increase. In the second quarter of 2022, demand was high for brands such as Mercedes-Benz, Audi and BMW, while the preferred car models were Mercedes-Benz C-Class, BMW 3 Series and Audi Q3. Colors like white, gray and black, especially in that order, were more in demand.