23 Jun, 2024

Kwid, Baleno, i10 top used car choices for women in March: Report

  • According to a used car sales report shared by pre-owned vehicle platform Spinny, women bought nearly half of all the models sold in March.
Kwid Baleno i10
Hatchbacks like Hyundai i10, Maruti Baleno and Renault Kwid remain a strong favorite among women buyers in India in the used car segment, according to a report by India’s pre-owned vehicle platform Spinny.

The used car segment in India continues to be dominated by SUVs and hatchbacks. Spinny, one of India’s pre-owned vehicle platforms, has released a report which shows how hatchbacks are more popular among women buyers. The report says that nearly 46 per cent of overall used car buyers in India in March were women. Most of these used car buyers are from urban centers like Delhi, Mumbai and Bengaluru.

According to the report shared by Spinny, hatchbacks like Renault Kwid, Maruti Suzuki Baleno and Hyundai Grand i10 Nios were among the top choices for women buyers in March. The report says that these models were particularly popular among buyers aged between 30 and 40 years.

The report also said that Delhi tops the list of cities with most women buyers in

1 min read

Surge in Used Car Market Prices and SUV Demand | Indian News | India Business News

CHENNAI: When Dilip Singh was looking to sell his seven-year-old SUVs whose odometer had clocked nearly 1 lakh km, he was surprised to find that he managed nearly 70% of the cost of the vehicle.
With new car prices soaring over the last few years, the value of used cars has also gone up. In the last two years, the average ticket prices in the used car market has gone up to 6-6.5 lakh from Rs 3-3.5 lakh, said Vinay Sanghi, CEO, CarTrade group “Since new car ticket size has also gone up by around 30%, it’s spilling over to the used car market too as in all types of cars, people opt for buying the top-end variant,” he said.
Used car marketers say the demand pull means a slightly older SUV is available for the price of a hatch. “Currently, used SUV prices can start from as low as Rs 3.5 lakh while hatchbacks prices can start from Rs 2 lakh only,” said Gajendra Jangid, co-founder and CMO, CARS24 Services.
Compact SUVs have become top draws, and in the luxury space specific models like the Mercedes-Benz C-Class, Audi Q3, and BMW X1 Series are particularly popular, said Niraj Singh,
1 min read