Used car sales: Preferred brands, models
The report further stated that customers show a mighty preference for brands such as Maruti, Hyundai and Tata. Moreover, the demand for the compact SUV segment continues to evolve with models such as the Ford EcoSport, Hyundai Crete and Dad Nexon is becoming more and more popular. Additionally, colors such as white, gray and red are popular.
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Used car sales: Hatchbacks are not over yet, luxury cars are also in demand
In addition to the trend in the SUV segment, Spinny’s data also highlights a significant shift in consumer preference towards hatchbacks. Models like Renault Kwid, Hyundai Grand i10 and Tata Tiago top the charts in this segment. Moreover, the used luxury car segment is seeing growth in Tier 2 and Tier 3 cities, with brands such as BMW X1, Jeep Compass and Mercedes C-Class gaining popularity.
Used car sales: Top selling cities
In the first quarter of CY24, Bengaluru, Delhi-NCRand Hyderabad emerged as the top cities generating demand for used cars, according to Spinny. Manual transmissions remain popular, accounting for 70 percent of purchases, although there has been a noticeable 10 percent enhance in demand for automatic transmission vehicles compared to last year.
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