Festive demand fuels 50 percent growth in used petrol car sales: Report – Times of India

As India is approaching the conclusion of the ongoing festive season with Diwali and other festivals just around the corner, many buyers are celebrating new beginnings by purchasing vehicles. The trend was boosted by auspicious timing, special offers, and festive discounts. While this time of year traditionally sees a rise in new vehicle sales, it’s the pre-owned segment that’s marking notable growth as well. Spinny, a used car platform, has observed a remarkable 40 percent increase in deliveries this October compared to last year, highlighting the festive cheer in the used car market.

Used car sales during festive season: Key trends

Across major cities such as Bangalore, NCR, Hyderabad, and Pune, the report released by the company says that it recorded a significant uptick in demand, particularly for automatic cars, SUVs, and financing options. Over 500 cars per day were delivered during peak festive days like Navratri, Dhanteras, and the platform’s own ‘Festival of Spinny’ special pricing days. With automatic vehicle deliveries surging by 57%, it’s clear that convenience has become a top priority for many buyers.

The company’s car exchange program also reported a 39 percent rise, as many buyers opted to upgrade their vehicles; keeping with the Dhanteras tradition of asset enhancement. Preferences leaned strongly towards petrol vehicles, with demand up by 50 percent, while SUVs and sedans saw impressive spikes of 49 percent and 46 percent, respectively. Women buyers also marked a strong presence, constituting over 20 percent of the customer base for October, showing a growing trend among women in the used car segment.
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