The impact of covid has affected diverse industries but not the used car market. The market is growing with the increased number of people preferring individual mobility & more finance options. The pre-owned car market was valued at USD 27 billion in 2020, and it is expected to reach USD 50 billion by 20206, registering a CAGR of 15% during the forecast period, 2021-2026 says reports.
The sales & production of new vehicle hindered due to the pandemic, the alternate instant option for the buyers is the used car market. Decline cash inflow due to the pandemic has forced buyers to look for options other than new cars, and the used car industry has great growth potential in these terms.
Here are the platforms building best ecosystem for used car market to give this industry a new identity.
CarzSo provides the best pre-owned car buying and selling experience, by making the whole process convenient, swift and enjoyable, and not complicated or stressful. They offer virtual reality of cars inside and out, and help you check out features online at the comfort from your home with the help of their in-house experts who take you through a real-time car tour on a video consultation. They gives door step delivery, with comprehensive warranty & 111 hour money-back guarantee on all cars.
CarDekho.com is a car search venture that helps users buy cars that are right for them. Its website and app carry rich automotive content such as expert reviews, detailed specs and prices, comparisons as well as videos and pictures of all car brands and models available in India. The company has tie-ups with more than 4000 car dealers and numerous financial institutions to facilitate the purchase of vehicles.
Spinny is a technology-enabled full-stack pre-owned car platform that aims to bring about transparency and convenience. The platform’s online-to-offline (O2O) model allows customers to discover cars on its website and make the final purchase offline at a Spinny Car Hub. Customers on Spinny’s website can view an assortment of cars available for sale, filter them based on his or her requirement and schedule a test drive at the nearest Spinny car hub. They can also opt for free home delivery.
Cars24 offers buying or selling of used cars, all over India. They’ve brought together cutting-edge technology with country-wide partners and more importantly, deep understanding of what buyers and sellers need. They solve all pain points associated with selling an existing car, or purchasing a pre-loved one. Whether its buying or selling, you get a quick, easy, fair, transparent, hassle (and haggle) free process.