Spinny finds used car market vibrant in Q1 2023; makes 70% home deliveries, facilitates 71% online purchases
Valued at USD 23 billion in fiscal 2022-2023, the used-car market is projected to grow double the rate, at a CAGR of 19.5% till 2026-2027. Spinny data shows that the maximum demand for used cars came from Bengaluru, followed by Delhi-NCR, and Hyderabad. Kolkata led the way with 93% of customers opting for home delivery. In addition, Spinny saw an increase of 36% in women buyers compared to 32% in 2022.
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