Newspatrolling.com News cum Content Syndication Portal Online
Bengaluru – April 8, 2025 – As India’s urban expansion continues and mobility needs evolve, car ownership remains the preferred solution for millions of Indians. Spinny, the country’s leading full-stack used car platform, has released its Q1 2025 report, revealing significant shifts in the pre-owned car market. The report highlights the dominance of digital-first transactions, value-added services, rising demand for automatic cars, and the growing influence of women buyers, all pointing to a transformation in how Indians approach car ownership. Additionally, the report identifies Bengaluru, Hyderabad, and Delhi as the top car-buying cities, reflecting the strong demand in these urban centers. Pune also stands out with a 40% share in electric cars, underscoring the region’s embrace of electric mobility as part of the broader usned car trend.
Spinny Insights – January 2025 to March 2025
– Automatic Cars: 29%
– Home Deliveries: 22%
– Hub Deliveries: 78%
– Online Purchases: 77%
– Women Buyers: 28%
– Average Age: 32
– Top Three Preferred Car Brands: Maruti Suzuki, Hyundai, Honda
– Top Three Preferred Car Models: Hyundai Grand i10, Swift, Renault Kwid
– Top Three Preferred Colours: White, Grey, Red
– Car Finance: 57%
– Top Luxury Models: Jeep Compass, BMW X1, Mercedes GLA
– First-Time Buyers: 74%
– Fuel Type Preference: 84% Petrol
Digital-First Transactions: The New Normal
In Q1 2025, Spinny saw 77% of total sales through digital transactions, up from 75% in 2024 and 70% in 2023. This growth reflects a clear consumer preference for seamless, transparent online car purchases. Financing plays a key role, with 57% of buyers opting for loans, particularly among younger buyers aged 25-30, further accelerating the shift toward digital-first car ownership.
Loans and Financing: Empowering Consumers
Financing remains a significant driver in the used car market, with 57% of Spinny vehicles purchased through loans. This highlights the importance of accessible financing in enabling informed decisions. Jaipur leads the way with 60% of cars purchased via financing, showcasing the growing demand for flexible, transparent loan options. As younger buyers increasingly turn to financing, the need for easy, user-friendly solutions is expected to continue growing in 2025.
Women Buyers Continue to Redefine the Market
Women car buyers are reshaping the industry, with their market share rising from 26% in 2024 to 28% in Q1 2025, reaching 30% in March. This growth reflects broader trends of financial independence and personal mobility. Spinny’s data shows that 60% of women prefer automatic hatchbacks, while 18% favor compact SUVs.
Highest share of women buyers: Kochi
Highest women loan uptake: Coimbatore, where 27% opted for financing
Automatic Cars: Convenience is Key
Consumer demand for automatic vehicles continues to rise, with automatics accounting for 29% of sales in Q1 2025, up from 24% in 2024. This significant shift is driven by a growing preference for convenience, particularly in traffic-heavy urban environments.
Compact SUVs: India’s Love for Versatility
Compact SUVs continue their 20% year-over-year growth, with the Ford EcoSport leading the way. The Tata Nexon and Hyundai Venue are also emerging as top choices. This surge reflects India’s growing preference for versatile vehicles with a strong road presence, aligning with modern lifestyles.
Changing Car Preferences: Hatchbacks & SUVs Lead
Hatchbacks remain a favorite choice among Indian car buyers. The Renault Kwid, Hyundai Grand i10, and Maruti Suzuki Swift remain consumer favorites, with the Swift replacing the Baleno in the top 3 in 2025.
Luxury vehicles continue to thrive in the Spinny Max segment, with the Jeep Compass, BMW X1, and Mercedes GLA leading the charge for premium car sales. The top 3 car models shifted, with the Swift replacing the Baleno in 2025.
– Interest in luxury vehicles remains high, with the Jeep Compass retaining its leadership position across both years.
– Tata Nexon EV continues to dominate and with Pune reporting the highest sales of EVs
Fuel Type Preferences
Petrol: 84%
Electric: 2%
CNG: 4%
Diesel: 10%
Hub-Based & Home Deliveries: Balancing Digital & Physical
Spinny’s Hub-based delivery model remains popular, with 78% of Q1 2025 deliveries happening via Spinny Hubs, an increase from 74% in 2024. In contrast, home deliveries declined from 26% in 2024 to 22% in Q1 2025, showing a preference for in-person vehicle inspections.
Hub deliveries increased from 74% (2024) to 78% (Q1 2025).
Occasion-Based Buying Peaks
Festive car purchases surged, with over 700 cars sold on the first day of Navratri 2025, marking a 20% increase from the first day of Navratri in October 2024. This suggests that Indian consumers are increasingly aligning major purchases with occasions.
Value-Added Services: Trust and Transparency in Focus
Consumers are increasingly prioritizing value-added services, reflecting a stronger emphasis on trust and convenience. In Q1 2025, 20% of Spinny buyers opted for Zero Depreciation Insurance, while 30% chose extended warranties. Additionally, the exchange program is gaining momentum.
Younger Buyers: The Key Drivers of Growth
The average age of a Spinny customer dropped to 32 years in 2024 and continues in 2025, down from 34 years in 2023, reflecting increased participation from younger, first-time buyers. In Q1 2025, 74% of Spinny customers were first-time buyers, up from 73% in 2024.
Looking Ahead: 2025 and Beyond
Spinny anticipates continued digital acceleration, with a focus on value-added services like loans and warranties. The company expects sustained growth in women buyers, alongside continued interest in compact SUVs and automatic vehicles.
Additionally, the rise of fuel-efficient electric and hybrid vehicles is expected to drive further transformation in the used car industry. A notable shift is occurring in how buyers are selecting vehicles based on changing needs—whether upgrading for a growing family or moving to a new city. The growing variety of electric and hybrid options adds even more flexibility, allowing buyers to find the ideal vehicle that fits both practical and environmental preferences.
Niraj Singh, Founder & CEO, Spinny, reflected on the journey: “Consumers are increasingly choosing cars that align with their evolving lifestyles—whether it’s upgrading for a growing family or embracing new cities. With the rise of electric and hybrid options, the choices are endless. At Spinny, we’re committed to making the car-buying experience both aspirational and valuable. We’re redefining used cars, making them the smarter choice to fulfill aspirations and deliver maximum value, with complete trust and transparency in every car-buying decision.”
Conclusion
Spinny’s Q1 2025 report illustrates a rapidly evolving used car market, with digital-first transactions, growing female participation, and a strong shift towards automatic and premium vehicles. As consumer preferences shift, Spinny is setting new benchmarks in how India buys and sells cars.
