Search For "used car market"
Automoto Launches Inspekt AI to Build India's Buyer-First Trust Layer in t
Updated : 5 months, 4 weeks ago IST
Bengaluru (Karnataka) [India], December 2: Automoto, the Bengaluru -based mobility startup focused on customer-first innovation, today announced the launch of Inspekt AI, an AI-powered, buyer-centric vehicle inspection platform designed to bring transparency, trust, and intelligence to India
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Nxcar's New Playbook: How Arming Dealers Could Topple India's Used Car Duo
Updated : 9 months, 2 weeks ago IST
Gurugram (Haryana) [India], August 18: In a direct challenge to the duopoly of Spinny and Cars24 dominating India's used car market, Nxcar has launched its dealer-centric Customer-to-Business (C2B) Auction Platform. The platform, now live in the Nxcar app, provides 15,000+ second hand car de
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India's used-car volume to grow 8-10% in 2025-26, over twice as fast as ne
Updated : 10 months, 3 weeks ago IST
The sales volume of used cars in India is expected to cross 6 million units this fiscal driven by value-conscious demand, rising digital adoption and better access to finance, the credit rating agency Crisil Rating said in a report.
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OLX India Hosts Titans Awards 2025 to Honor Top Used Car Dealer Partners
Updated : 1 year ago IST
Gurgaon (Haryana) [India], May 2: India's used car market is on a strong growth trajectory -- projected to increase from INR 2 lakh crores in FY23 to INR 5 lakh crores by FY28, with volumes rising from 4.6 million to 8.5 million units and is set to outpace the new car market, as per the OLX
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Women car buyers on rise, driving a new automotive trend in India
Updated : 1 year, 1 month ago IST
Taking control both behind the wheel and in societal change, women are reshaping the used car market with their increasing participation.
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MG Hector Leads with Exceptional Resale Value and Efficiency - Droom Study
Updated : 1 year, 3 months ago IST
Gurgaon (Haryana) [India], February 20: Droom, India's leading online marketplace for buying and selling used cars, has released its latest study on resale values in the competitive SUV segment. The study reaffirms MG Hector's stronghold in the market, ranking it as the SUV with the highest
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Insights into Interest Rate Variations Across Used Car Loans
Updated : 1 year, 3 months ago IST
Mumbai (Maharashtra) [India], February 14: The used car market has witnessed significant growth in recent years, driven by factors like increasing affordability, technological advancements, and changing consumer preferences. As the demand for used cars surges, understanding the nuances of in
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India's used car market to grow 13% annually through 2030: CARS24 report
Updated : 1 year, 4 months ago IST
India's used car market is projected to grow from 4.6 million sales in 2023 to a whopping 10.8 million by 2030, cruising ahead with an impressive compound annual growth rate (CAGR) of 13 per cent, as per a report by auto tech company CARS24.
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In 2024, 76% of used car buyers are first-timers, with 60% of women opting
Updated : 1 year, 4 months ago IST
In a showcase of enthusiasm for used cars, a significant 76 percent of customers in 2024 were first-time buyers, used car platform Spinny observed in its annual report.
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Spinny Partners Triples Dealer Network, Surpasses 9,000 Active Dealer Part
Updated : 1 year, 10 months ago IST
New Delhi [India], July 26: Spinny Partners, the Gurugram-based auction platform driven by Spinny, has achieved substantial growth in H1 2024, tripling its dealer network to over 9,000 active dealers. This significant expansion underscores the growing trust in the platform and its ability to
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Used cars demand growing at faster pace, 48.5 pc buyers are salaried profe
Updated : 1 year, 10 months ago IST
Consumers in cities such as Agra, Coimbatore, Nagpur, and Vadodara have witnessed significant growth in sales of second-hand cars during the second quarter of 2024 with a surge of 150 per cent, 120 per cent, 111 per cent, and 138 per cent, respectively.
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Spinny on the Growing Share of Tier 2 and Tier 3 Buyers in the Used Car Ma
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], June 20: The used car market in India is witnessing significant growth, particularly in Tier 2 and Tier 3 cities, driven by digital innovations and evolving consumer preferences. Spinny, a prominent player in this sector, highlights how these developments are re
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