Spinny Partners' Surge: Dealer Network Triples and Transactions Soar in H1 2024

Gurugram-based auction platform, Spinny Partners, achieved a significant milestone in H1 2024 by tripling its dealer network to over 9,000 and offering over 60,000 cars for bidding. This growth underscores its dealer-centric approach, partnerships, and commitment to enhancing the used car market in India.

Spinny Partners, the Gurugram-based auction platform, has reported substantial growth in the first half of 2024, tripling its dealer network to over 9,000 active dealers. This expansion highlights increased trust in the platform and its ability to cater to dealer needs.

Over the past year, Spinny Partners increased its dealer count and transaction volume, offering more than 60,000 cars for bidding from over 50 cities across India. This exponential growth emphasizes the company's commitment to addressing dealer requirements through a dealer-centric approach. Proactive feedback gathering and robust service offerings have bolstered Spinny Partners' success. The company has also partnered with the All India Car Dealer Association, hosting over 25 dealer events across Tier 1 and Tier 2 cities, and engaged with over 5,000 dealers to integrate their feedback into its operations.

Founder and CEO Niraj Singh remarked, "To streamline used car transactions in India, expanding our dealer base was necessary to maintain industry quality. Our dealer partners share our values of integrity and transparency." VP Mohit Karatia noted, "Spinny Partners is setting new standards in the used car market, benefiting both dealers and consumers through quality and customer experience."

Responding to dealer feedback, Spinny Partners implemented several dealer-friendly policies such as physical car inspections before payments, transparent pricing, the lowest working capital financing rates, a dedicated NOC desk for interstate transfers, and significantly higher margins than other platforms. The strategic focus includes creating a comprehensive service platform offering car supply, financing, insurance, and sales support, committed to industry growth and sustainability.

Senior VP Gurveen Bedi expressed enthusiasm about the growth and future prospects, aiming to create an ecosystem where dealers thrive, driving the used car industry forward while contributing to sustainability. Dealers have shown trust and satisfaction with Spinny Partners, valuing the transparent, dealer-centric policies that significantly enhance their profit margins.

Spinny Partners remains dedicated to empowering dealers, driving growth, and fostering sustainability in India's used car market, ensuring a prosperous future for all stakeholders involved.

(With inputs from agencies.)