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CarTrade Tech has teamed up with used-car platform Spinny to make buying and selling pre-owned cars easier across CarWale and OLX India.
What's changing: if you're selling your car on CarWale or OLX, you'll now get access to Spinny's vehicle procurement network. If you're buying, you'll be able to browse Spinny's quality-checked used cars directly through these platforms.
In simple terms, CarTrade brings customers, marketplace technology and data, while Spinny brings its expertise in inspecting, buying and selling used cars.
Together, they hope to make used-car transactions faster, smoother and, most importantly, more trustworthy.
More than 23 million consumers visit CarWale and OLX India every year to buy or sell used cars, giving the partnership a massive audience from day one.
The announcement also came alongside CarTrade's Q1 FY27 results. The company reported a 16% year-on-year increase in revenue to ₹201 crore, while net profit rose 21% to ₹57 crore.
The bigger picture: India's used-car market is growing rapidly. According to Redseer, it is currently worth $53 billion and is expected to reach $68-78 billion by FY31, making India the world's third-largest used-car market, behind only the US and China.
What's driving this growth?
Nearly 65% of used-car buyers in India are purchasing their first car, while 28% are replacing an existing vehicle and 7% are buying a second car.
For many Indians, buying a car is one of the biggest financial decisions they'll make. Yet, the used-car buying experience has often been plagued by concerns around quality, pricing and transparency. As the market grows, building trust could become the biggest differentiator, and that's exactly the gap this partnership is trying to address.
