Used cars: Bengaluru, Delhi-NCR and Hyderabad have emerged as the top cities driving the demand for used cars in the 2024 calendar. Spinny has revealed that there has been a jump in the number of first-time buyers in the SUV segment. According to the report, the demand for the compact SUV segment is constantly increasing in the used car market. Let’s know about the full report.
Highest sales in these cities
Bengaluru, Delhi-NCR and Hyderabad have emerged as the top cities driving the demand for used cars in the 2024 calendar. Manual transmission remains popular, accounting for 70 per cent of purchases.
SUVs also dominate the used car market
Spinny has revealed that there has been a jump in the number of first-time buyers in the SUV segment. The report states that 73 per cent of first-time buyers are choosing used vehicles across all segments. It further states that customers are preferring brands like Maruti, Hyundai and Tata
High demand for these vehicles
According to the report, the demand for the compact SUV segment is constantly increasing in the used car market. Models like Ford EcoSport, Hyundai Creta and Tata Nexon are being liked the most. People are liking white, grey and red colours the most.
Hatchbacks are also being liked
Along with the SUV trend, Spinny’s data shows that there has been a significant change in consumer preference towards hatchbacks. Models like Renault Kwid, Hyundai Grand i10 and Tata Tiago are leading in this segment.
Apart from this, the pre-owned luxury car segment is seeing growth in tier 2 and tier 3 cities, with brands like BMW X1, Jeep Compass and Mercedes C-Class becoming popular.
