CarTrade Launches One-Stop Service Platform to Buy, Sell Used Cars, Auto News, ET Auto


CarWale abSure showrooms are launched in nine cities: Mumbai, Bangalore, Surat, Kanpur, Noida, Chennai, Bhopal, Kolkata and Ahmedabad.

Mumbai: Multi-channel automotive platform CarTrade Tech has launched a tailored one-stop-shop for hassle-free used car buying and selling in nine cities, according to a statement on Tuesday.

The new “CarWale abSure” offline and online retail platform also offers customers services such as free home car inspection, loan closing assistance, loan transfer. Guaranteed property and insured payments within 24 hours of inspection, among others, he added.

CarWale abSure showrooms are launched in nine cities – Mumbai, Bangalore, Surat, Kanpur, Noida, Chennai, Bhopal, Kolkata and Ahmedabad – and more will be added in the near future, he added.

According to the company, the domestic used car market is expected to grow at a CAGR of at least 11% over the next five years, from its current size of around 4.4 million cars in 2020 to around 8, 3 million cars in 2026.

Since the COVID outbreak, it has been found that the majority of used car buyers first search online to compare different options and get a fair idea of ​​the market; which is then followed by offline dealer visits and road tests before making the final purchase, he said.

“CarWale abSure (Absolutely Sure) focuses on customer trust, transparency and ease of use and is thus set to become a real disruptor in the used car segment. It is designed to make the customer’s buying journey easier. end-to-end right at the research level, “the company said in the statement.

“… Buying and owning a used car and disposing of a used car are as important and meaningful as buying a new car.”

It is imperative to keep customer trust at the heart of this transaction and to minimize gaps in trust, transparency and funding mechanisms. CarWale abSure will focus on mitigating these discrepancies by balancing the needs of the seller and the demands of the buyer.Banwari Lal Sharma, CEO of Consumer Business, CarTrade Tech Ltd.

“It is imperative to keep customer trust at the heart of this transaction and to minimize gaps in trust, transparency and funding mechanisms. CarWale abSure will focus on mitigating these discrepancies by balancing the needs of the seller and the demands of the buyer, ”said Banwari Lal. Sharma, CEO of CarTrade Tech Ltd. CarWale abSure now offers a full shopping experience, from choosing the car online to delivering it offline, the company said, adding that the platform offers a seven-day money-back guarantee, which gives them the option return the purchased car within seven days and get a full refund if they are not satisfied with it.

All certified used cars sold by the platform will come with a full one-year or 15,000 km warranty as standard, as well as one-year free roadside assistance throughout India, a he declared.

“By allowing online and offline access to a large selection of high quality used cars for sale, as well as services such as insurance, finance, among others, we intend to propel the growth of the used car market and enable it to reach its full potential while empowering stakeholders throughout the value chain, ”said Abhishek Patodia, senior vice president of used car business at CarTrade.

CarTrade Tech is present on all types of vehicles and value-added services. The brand’s platforms operate under several brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.

These platforms allow new and used automotive customers, auto dealers, automotive OEMs and other businesses to buy and sell their vehicles.


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On the NSE, it debuted at Rs 1,599.80, down 1.12%, and closed at Rs 1,491, down 7.84%.

Cars24, an online marketplace for used cars, is set to close a $ 300-350 million funding round led by existing investor DST Global with the participation of new Falcon Edge investors, Carlyle and SoftBank Vision Fund.


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