Wednesday, October 5, 2022
News
NEWS HOME
»
PRN INDIA
Spinny's Take on the Swiftly Changing Automobile Industry
  SocialTwist Tell-a-Friend  
   

One of the country's leading pre-owned car retail giants, Spinny, expresses its thoughts regarding the ever-changing trends in the automotive industry.

GURUGRAM, India, Aug. 10, 2022 /PRNewswire/ -- There are several trends continuously shaping the automobile industry in the wake of growing consumer demands. The used car market in India is presently growing at a compounded annual growth of 11%, which is sure to further flourish and advance in the future.

Spinny is one of the most trusted marketplace for buying and selling used cars, playing a precursor to the changing automobile industry. Recently, Niraj Singh, the Founder and CEO of Spinny, also shared his insights about the trends and expectations that are slated to be witnessed in this changing automobile industry.

Some of the key takeaways from his knowledgeable insights are detailed below.

Trends Observed in the Automotive Industry in 2022

Rise of E-commerce

Because of digital channels, online car sales have increased significantly. To meet buyers' demand for faster transactions with minimal documentation, digital players have entered the industry. This has led the automotive industry to become more professional and organised. As a result, the customers' trust and transparency quotient is increased, allowing them to make faster transactions.  

Increased Reliability on Used Cars

Apart from changes in customer preferences,the price factor, need for personal mobility, and high availability of  second hand cars have contributed to the rise in buying pre-owned vehicles. Moreover, the presence of trusted retailers that are using modern technologies to enhance customers' experience and improve transparency has given the pre-owned vehicle market great momentum.

Increased Use of Effective Digital Marketing Strategies

Marketing is an extremely important function of businesses, and with the growing digital platforms, it is essential to formulate innovative strategies online. The players in the automotive industry are already developing creative campaigns on social media platforms and websites to be ahead of the competition.  

Hassle-free Customer Experience

Users want an easy, reliable and convenient option to buy cars online from the comfort of their home. Not only do they look for a hassle-free experience but also transparency. The new-age startups, like Spinny, have made this come true by digitising the sales of  second hand cars in Mumbai, Bangalore, Ahmedabad, and many other major cities in India.

Under full-stack platforms, the selling process is simple, where customers can view the vehicles' photos, model details and maintenance history through comprehensive reports. This permits customers to have precise information on the vehicle's current state, which is further backed by transparent pricing. This gives customers an absolute advantage when buying used cars in India.

Future of the Used Car Industry

According to a report by JM Financial, the automotive industry will be regulated by a hybrid business model in automobile sales, which will be progressive for the overall sector. Further, the report reveals that the D2C business model is expected to see a surge in online sales in 2022.

About Spinny

Founded in 2015, Spinny is a used car retailing platform that aims to bring about transparency and convenience in buying and selling pre-owned cars. As a testimony of Spinny's commitment to transparency and quality, every vehicle on their platform comes with a 200-point inspection checklist, 5-day money-back guarantee, and 1-year after-sales warranty. Spinny has about 36 car hubs operating across 22 cities in India. Last year, Indian cricket legend Sachin Tendulkar partnered with Spinny as a strategic investor and a lead brand ambassador. Sports icon, PV Sindhu, a believer & customer of Spinny, is also a part of a series of marketing initiatives focused on realizing the aspirations of a billion car dreams.

For more information visit our website: https://www.spinny.com/  or click here to download the  app.

Photo: https://mma.prnewswire.com/media/1875675/Spinny_Cars.jpg

 

More News by PR Newswire India

Teachers Have the Power to Transform Lives

AG&P Group Appoints Sandeep Mahawar as Chief Commercial Officer of LNG Terminals and Logistics

Tejas Networks wins "Best Made in India Telecom Innovation award" at India Mobile Congress (IMC)

Bloom IVF Group rolls out Artificial Intelligence across its clinics in India, helping patients get pregnant sooner and for lower cost

INFANTINO AND BECKHAM HAIL ASPIRE ACADEMY AS INTEGRAL TO QATAR'S WORLD CUP LEGACY AS GLOBAL SUMMIT 2022 ENDS

Celigo Opens APAC Headquarters Amid Record Growth in Region

PARADISO, BARCELONA IS NO.1 AS THE WORLD'S 50 BEST BARS 2022 ARE REVEALED

infodas receives NITES certification from the Cyber Security Agency of Singapore

Automation Anywhere and the Center for Humanitarian Technology Launch 'Telegram for Humanity' Bot to Aid Refugees in Ukraine

Pomerantz Law Firm Opens London Office

Sphera Completes Previously Announced Acquisition of riskmethods, a Leader in Artificial Intelligence Supply Chain Risk Management Software

Hard Rock International Celebrates 23rd Annual PINKTOBER Campaign by Partnering with World-Renowned Chef Dominique Crenn

World's Fastest Growing Staking Service Provider Born out of Lugano, Switzerland

Firmenich Annual General Meeting 2022

Unispace: Data reveals Gen Z rely on the traditional office more than any other generation

Information Office of Beijing Municipal Government' Features: "My Beijing, My Story" Depicts the Lifestyle of People Living in Beijing

Automation Anywhere Unveils the Automation Success Platform with a Surge of Innovations

Deloitte Named a Leader in Worldwide Industry Cloud Professional Services by the IDC MarketScape

HAVAS HEALTH & YOU APPOINTS PAUL PFLEIDERER AS PRESIDENT OF HAVAS LIFE NEW YORK

Solace Launches Event Portal 2.0, Addressing the Biggest Challenges Enterprises Face in Designing, Managing and Governing Event-Driven Architecture at Scale

IMG Appoints Amanda Winkle as Chief Operating Officer

Vinco Ventures Announces Ross Miller as CEO and Settlement of Litigation

RevitaLash® Cosmetics Champions Breast Cancer Awareness, Research, and Support Worldwide with 2022 Pink Program Announcement

Aspire Academy and FIFA Kick Off the 8th Global Summit with high profile FIFA guests David Beckham and Wenger

EvolveWare Facilitates Non-disruptive Application Modernization with Industry's First and Only Agile Business Rules Extraction Solution

Stamus Networks Signs Reseller Agreement with EliteVAD

China Matters' Feature: How Does Basketball Shape Dongguan's Sports Culture?

Altair Presents Open, Flexible, and Scalable Total Digital Twin Solution

IZUMA NETWORKS ACQUIRES PELION'S DEVICE MANAGEMENT BUSINESS

Globalization Partners Rebrands as G-P and Reaffirms its Promise to Make a Global Workforce Possible for Growing Companies

Secureworks State of the Threat Report 2022: 52% of ransomware incidents over the past year started with compromise of unpatched remote services

First-of-its-kind government-industry partnership announced between Deakin University, Australia and Ministry of Education and Ministry of Skill Development and Entrepreneurship, Government of India

LyondellBasell Catalyst Production Expansion Adds Life to Infrastructure Projects

BE EVERYTHING - A new chapter opens in the story of United Colors of Benetton: new creative director, Andrea Incontri presents his first fashion show

PwC announces record global revenues of US$50 billion

Challenge the Highest Level of <MIR4>! A New Content, Hell Raid, Unveiled

Leading Gaming technology provider Quixant announces the launch of new cabinet offering

StoreHippo® launches Mystore Buyer and Seller Apps for ONDC

Cambrex Announces Stability Storage Expansions in Ireland and Belgium

TimesPro collaborates with IMT Hyderabad to launch programmes in Business & Retail Management

Industrial Transformation ASIA-PACIFIC 2022 returns to catalyse sustainable growth for advanced manufacturing in the region

The PI Group and Averna Announce their Partnership

Academic partnerships in focus, Global Education Summit commences at Chandigarh University

UST and Mendix Collaborate to Accelerate Low Code Development in Spain

Nestlé launches NESCAFÉ Plan 2030 to help drive regenerative agriculture, reduce greenhouse gas emissions and improve farmers' livelihoods

Ingenico Launches as Independent Company Following Acquisition by Apollo Private Equity Funds

Stockify announces single-window online service to buy unlisted equities

Manipal Hospital Whitefield's Exclusive Take on Minimally Invasive Advanced Surgical Procedures (MIAS)

THE LEELA PALACES, HOTELS AND RESORTS PARTNERS WITH RAJASTHAN POLO CLUB FOR ITS INAUGURAL SPONSORSHIP OF THE ROYAL SPORT IN INDIA

CLO Virtual Fashion Announces the Acquisition of GoVise Technologies

Education Cannot Wait Announces US$11.8 Million Catalytic Grant in Haiti

DXC Technology Calls for Latest Innovations from Insurance Startups and Scaleups across Asia Pacific through the DXC Invitational

Global AdTech Company TripleLift Names Dave Clark as New Chief Executive Officer

Navneeth Sulakhe joins Innoviti as Senior VP Human Resource Management

KEI Wires & Cables Hosts Real Kabbadi League Season 2

Automation Anywhere Secures $200 Million in Financing from Silicon Valley Bank and Hercules Capital

2022 World Trade Centers Association Member Forum Returns to New York City for First Time in Two Years

TATA POWER REINFORCES COMMITMENT TOWARDS GREEN ECOSYSTEM CONSERVATION ACROSS ITS RENEWABLE SITES

Azure Power wins the prestigious Golden Peacock Award for Sustainability

FANDOM ACQUIRES LEADING ENTERTAINMENT & GAMING BRANDS INCLUDING GAMESPOT, TV GUIDE AND METACRITIC

National Engineering Industries Ltd (NBC Bearings) honored with 'Iconic Brands of India 2022'

Celebrating Glorious 35 Years of BIMTECH

HABANOS, S.A. PRESENTED THE MONTECRISTO WIDE EDMUNDO IN WORLD PREMIERE IN SPAIN

Sanjay Ghodawat Foundation awarded The Mahatma Award 2022

STL announces Gram Galaxy - India's first integrated solution to connect villages with fibre

DEBIOPHARM REINFORCES THE BOND BETWEEN SWISS AND JAPANESE CANCER RESEARCH WITH THE 2022 JCA MAUVERNAY AWARD CEREMONY

Healthium Medtech amongst the first in Asia and first Indian Medtech Company to receive CE certification under the EU MDR (European Union Medical Device Regulation) norms for Class III implants

Jagadguru Kripalu Parishat holds Grand Rath Yatra on 3rd October 2022 near Kunda, Pratapgarh in honor of the 100th Birth Anniversary of Jagadguru Shri Kripalu Ji Maharaj

Addteq APAC Announces Rebranding, Changes Name to Enreap

Karwa Chauth 2022: FlowerAura Is All Geared Up To Enhance The Celebrations

DMCC AWARDED GLOBAL FREE ZONE OF THE YEAR FOR EIGHTH CONSECUTIVE YEAR

New Book Property Tax in Asia Provides the First Comprehensive Analysis of the Property Tax Across the World's Largest Continent

UN WOMEN'S HeForShe EXPANDS MOVEMENT THROUGH KEY PUBLIC AND PRIVATE PARTNERSHIPS IN EAST ASIA

STL unveils 5G cosmos to help Indian telcos fiberise their networks for 5G

STL launches Multiverse - India's first Multicore fibre and cable; aims to revolutionize the optical landscape

Tejas Networks successfully demonstrates end-to-end network based on its indigenous 4G/5G wireless, optical and satellite products

IIIT Hyderabad and Silicon Labs Launch Campus-wide Wi-SUN Network for Smart City Applications

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Gehlot vs Pilot: Former deputy CM opens ...
Despite floods, Assam's Silchar town cel...
Encounter breaks out in J&K's Shopian...
Advocate complains to MHA against Delhi ...
We are keeping an eye on Chinese air for...
Don't make farmers beg, Goa Forward tell...
More...    
 
 Top Stories
Pakistan: Shehbaz Sharif thanks EU ... 
The way he batted, my number 4 is i... 
Bibiano Fernandes warns India U-17s... 
Danish Queen Margrethe apologizes f... 
We still have time; Shami is in sta... 
YMCA in Telangana, Andhra extends s... 
Mumbai: 5 killed after speeding car... 
A win like this is always good for ...