The concept of Pre-owned cars has gained popularity this decade, and Hyderabadis seem to be loving this concept as cars that they often couldn't afford are now coming to them at a lesser price and with minimal usage by the first owner of the vehicle.
While a recent survey that was done showed 30% of Hyderabadi women are into buying pre-owned cars and that the city women are doing better than the national average of 11% women. With women buying more cars in the pre-owned section, hatchbacks like Maruti Suzuki Swift, Hyundai i10s, elitei20s, and Renaut Kwids are selling like hotcakes.
Spinny, A top-rated preowned car venture in the city, has analyzed the above statistics. The detailed statistics that focused on different segments that people prefer showed a 34% month-on-month rise in the requirement of compact SUVs, which are usually sold in the price range of 6-9 Lakh.
Women aged 25-30 have the highest as they look to bag their first car, prefer preowned cars and get good deals within 6 Lakhs. While people above 30 are looking to upgrade or add another car to their collection. In another comparison, petro cars have always been ahead of diesel cars because of the maintenance, and the absence of scrappage policy as 75% of buyers prefer petro cars from Honda, Hyundai, Maruti Suzuki.