76% of Used Car Buyers in India Are First-Time Purchasers, Women Making Up 26% - PRESS AI WORLD
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76% of Used Car Buyers in India Are First-Time Purchasers, Women Making Up 26%

share-iconTuesday, January 07 comment-icon2 weeks ago 12 views
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indiatimesINDIATIMES
76% of Used Car Buyers in India Are First-Time Purchasers, Women Making Up 26%

Credited from: INDIATIMES

  • 76% of used car buyers from Spinny are first-timers in 2024, reflecting a 3% increase from the previous year.
  • Women buyers now represent 26% of the customer base, showing consistent upward growth in sales.
  • The most popular car models include Renault Kwid and Hyundai Grand i10, with the Maruti Suzuki Swift entering the top three.
  • Hatchbacks remain the favored choice, supported by a 20% growth in sales of compact SUVs.
  • The average age of buyers dropped to 32 years, with a notable rise in customers upgrading their vehicles.

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Used cars First-time buyers India Spinny Women buyers Automatic hatchbacks Compact SUVs
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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