The festive season has benefitted the used car market with platforms like CarWale abSure, on an expansion spree buoyed by the pent-up demand in key markets. The buy-and-sell chain inaugurated its 100th store in Chennai, coinciding with the festive spirit of Diwali to support the rapidly growing need for an enhanced used car shopping experience for consumers.
In just two years since its launch, CarWale abSure has expanded its footprint across 29 geographies, including abSure Signature dealers nationwide since the inaugural store in Bangalore in October 2021. Abhishek Patodia, President – Used Cars at CarTrade Tech said he recognized the pressing need for quality pre-owned cars in metros, tier 1, and tier 2 cities. “The CarWale abSure model, with its rigorous inspection and certification process, has successfully met this demand, providing customers with the peace of mind and trust they deserve when buying a used car.”
CarWale abSure has witnessed substantial sales from states such as Uttar Pradesh, Gujarat, Jharkhand, Haryana, Maharashtra, Karnataka, West Bengal, Telangana, and Tamil Nadu. Notably, 21 per cent of the used car sales come from non-metro cities like Salem, Nagpur, Ranchi, Warangal, and Kanpur, showcasing the significant demand for quality used cars in these areas. Positioned in major cities, including Mumbai, New Delhi, Bengaluru, Pune, Ahmedabad, Hyderabad, and now Chennai, CarWale abSure has become a go-to destination for reliable used cars. “Our portfolio of best-selling cars includes a wide range of popular small-sized and mid-sized cars. We’ve also witnessed an increase in demand for used premium sedans, sports utility vehicles, and rugged, all-terrain vehicles,” said Patodia.
Looking ahead, CarWale abSure plans to continue its expansion, with a particular focus on regions such as the Northeast, Rajasthan, Kerala, Chhattisgarh, and more through abSure Signature dealers. This strategic approach allows for a broader presence while leveraging the local expertise of franchise partners. The company remains committed to providing the convenience and reliability of CarWale services to customers in these areas, offering access to a diverse range of high-quality used cars.
With the growing trends and demand for used cars in 2023, Spinny, India’s full-stack used car marketplace, has also reported substantial growth in its used car sales, with 63 per cent rise of first-time car buyers across India from August 2023 to October 2023. Starting the festive season with excitement, Spinny delivered over 600 cars on the first day of Navaratri. The company saw significant growth, by selling over 2300 cars during the 9-day festive period. This trend is likely to continue as Dhanteras and Diwali approaches.
With easy financing options, rapid digitalization, an increased need for personal mobility, lesser cost of ownership, etc. acting as growth drivers. While hatchbacks remained the most preferred option for Spinny buyers, there’s a growing demand for compact and luxury SUVs. When it comes to colours, Delhi NCR prefers white, silver, and grey; however, in cities like Mumbai, Kolkata, Bangalore, and Chennai, red colour is the popular choice, along with white and grey colours.