Spinny Q1 2025 Report Highlights Growth and Evolving Buyer Trends

Spinny, a prominent used car platform, has published its Q1 2025 report, showcasing impressive growth and changing buyer behaviours. The report reveals that hub deliveries increased from 74% in 2024 to 78% at the start of 2025. Occasion-based purchasing is becoming more popular, with over 700 cars sold on the inaugural day of Navratri 2025, marking a 20% rise compared to the last year.

Insurance and Warranty Choices at Spinny

In the first quarter of 2025, 20% of Spinny’s buyers chose zero depreciation insurance, while 30% opted for extended warranties. There is also a growing interest in Spinny’s exchange programme.

Younger Buyers Lead the Market

The report further indicates that younger consumers are now taking charge of the market, with the average age of customers dropping to 32. First-time buyers constituted 74% of Spinny’s clientele in Q1 2025, a slight increase from 73% in 2024.

Future Plans for Spinny

Looking forward, Spinny aims to bolster its digital offerings, placing a stronger emphasis on loans and warranties. The demand for compact SUVs and automatic vehicles remains robust. Additionally, the company sees electric and hybrid cars as a significant growth sector, spurred by changing requirements such as family size growth or relocating.

Leadership Commitment to Trust and Value

Niraj Singh, the Founder and CEO, emphasised Spinny’s dedication to delivering value and fostering trust, enabling buyers to make well-informed decisions regarding their vehicle purchases.

Spinny’s Operational Reach and Investment

Spinny operates across 22 cities in India, managing 57 car hubs and enjoys backing from Sachin Tendulkar as a strategic investor. The company is nearing the completion of a new funding round amounting to $130 million, which includes both primary and secondary transactions.