The Manheim Market Report (MMR) reports that used car prices dropped last month, 7.7% lower than this time last year. According to their Manheim Used Vehicle Value Index, used car
Mike Coussa Talks Million Mile Warranty and Inventory – 105 9 WLNI-FM wlni.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wlni.com Daily Mail and Mail on Sunday newspapers.
Digital Drives Greater Demand for Used Cars from Spinny
Wednesday, May 19, 2021 4:00PM IST (10:30AM GMT)
Offers car buying and selling experience #withextracare
Spinny - Rising demand for preowned cars
New Delhi, Delhi, India:
Rising demand for preowned cars in the Rs 4 lakh to Rs 6 lakh price range
Spinny, India’s leading used-car platform, has witnessed rising demand for preowned cars through its contactless digital modes. As a full-stack used-car platform, Spinny sold 9,100-plus used cars till 2020, with a 38% referral purchase rate. More than 70% of used cars are purchased by those under 40 years.
Out of the 1,200 used cars sold each month since January 2021, 70% have been via home test drives and deliveries – a testimony to the trust in the quality of its cars and the information available online. 80% of used cars in Bangalore were sold via home drives. While almost 70% are first-time