The used vehicle market within India has developed a lot over the past few years. Previously consumers looking to sell cars had to visit multiple used car dealers or put their car online all while negotiating prices, getting their vehicles inspected, test driving new cars, and waiting to see if the deal closes. These problems would increase when deals would be cancelled at the last minute, payments would be delayed, or paperwork would stall everything. Even worse if the deal was finished there would be no way of knowing if the consumers got the most money for their car. CARS24 wants to change all that.
CARS24 is a company that buys cars of any make, in any condition directly from owners. Ever since the company was founded in the year 2015, they have revolutionized the used car market by enabling car owners to sell their cars in a matter of hours and this includes instant payment and RC transfer as well.
An important aspect of the services offered by CARS24 is the fact that owners can sell their vehicle in a single visit. In the less than two hours that one will spend at any of the CARS24 outlets, their vehicle will be inspected, test driven and a value for the same will be communicated to the owners. This reduces the time required for selling the old car by leaps and bounds. Also, this total time of two hours includes the transfer of payment to the seller for the vehicle. The money is transferred to their account within a matter of minutes. The Indian used car market is known to be unorganized and fragmented. This is why the single visit sales approach of CARS24 has disrupted the market completely. Not only is it very convenient for sellers looking to sell their old vehicles, it is also highly organized and streamlined. The cars they purchase are sold to their partner dealers across the country.
The company sells the purchased cars through an online auction model to its partner used car dealers across the country through a proprietary platform owned by the company. This is really viable for the seller as he is able to get the best price for his vehicle from prospective buyers across the country. This is a path-breaking move as previously, the sellers could sell their vehicle only to the limited local buyers and used car dealers.
Read more here.
Join us in Bangkok the 19th to the 22nd of March for the Property Portal Watch Conference.