Consumers are looking to buy used cars. This situation is different automobile companies and entrepreneurs presence in Turkey, in particular, they have set up second-hand car search and buying platforms over the internet.
The company will be using these new funds to grow into new markets and develop new services for their platform. The company has been expanding more and more throughout India and pushing into bike-sharing as well.
In 2018 financial year, the group revenue growth accelerated by 27%, and 41% in H2 FY18. The total monthly visitors were around 12 million per month, while the total monthly leads were noted at around 1 million per month. The cash receipts were up by 46%.
PakWheels will be attending the Gujranwala Auto Show with a variety of vintage and classic cars. The company's exclusive sponsors for this event are AGS and Phoenix Batteries. Moreover, its media partner is GNN, and its travel partner is Uber.
"We continued to attract consumers through Uxin's unique value proposition of a broad selection of used cars, digital transparency and a one-stop solution," said Kun Dai, Founder and CEO of Uxin. "We facilitated over 160,000 used car transactions on our 2C platform in the fourth quarter, representing a year-on-year increase of 93.6%."