Over 40% of the transactions were over the 10L price bracket

NATIONAL, 30th January 2024 (GPN): CarWale abSure – part of CarTrade Tech Ltd., a multi-channel auto platform to provide hassle-free buying and selling experience to customers, proudly announces the successful sale of over 1000 cars in the month of December 2023. This outstanding achievement is a testament to the platform’s commitment to providing customers with a seamless and transparent used vehicle buying and selling experience. Additionally, the achievement represents a remarkable year-over-year increase of 160 % compared to the same period in the previous year, showcasing CarWale abSure’s substantial growth in sales.

The December 2023 sales data reveals a significant surge, with over 40% of the transactions exceeding the 10-lakh price bracket. Notably, the premium segment witnessed a strong presence of Mercedes, securing an overall 5% of transactions and claiming an impressive 40% market share in the premium segment. Other popular models contributing to this success include Honda City (4.4%), Hyundai Elite i20 (3.7%), Innova Crysta (3.5%), Hyundai Creta (3.2%), and Hyundai Grand i10 (3.2%).

In response to this achievement, Abhishek Patodia, President, CarWale abSure, shared, “We are extremely proud that we have achieved the milestone of over 1000 cars sold through CarWale abSure and Signature dealers in the month of December 2023. As pioneers in the used car ecosystem, CarTrade is at the forefront of innovation, and the sale of 1000 cars on December 23 showcases that consumers want the AbSure offering. Through our platform, we empower a seamless, industry-specific experience, enabling effortless transactions in buying and selling pre-owned vehicles.”

CarWale abSure’s strategic initiatives played a pivotal role in achieving this milestone. High-impact marketing on CarWale used car pages, customised offers and online presence captured the attention of buyers.      

As the automotive industry continues to evolve, CarWale abSure remains committed to providing an unparalleled platform for car enthusiasts and buyers, setting new benchmarks in the industry with each passing month.

About CarWale abSure:

CarTrade Tech’s CarWale abSure, the tailor-made platform that delivers a world-class online-offline shopping experience for used car buyers and sellers CarWale abSure provides the complete buying experience right from choosing the car online to offline delivery. The brand stands by its 4S promises (Sure: 7-day money back guarantee; Safe: Zero accident and no tamper assurance; Secure: 167-point rigorous checks on the cars; and Smart: Provides comprehensive warranty) to enable seamless online and offline transactions and make the journey smooth, reliable and gratifying for all concerned parties. All certified used cars sold by CarWale abSure will have a one-year or 15,000 km comprehensive warranty cover as standard along with 1 year free on-road assistance across PAN India. In addition, for used-car sellers, CarWale abSure provides free home car inspection, loan closure assistance, guaranteed ownership transfer and assured payments within 24 hours post-inspection, thereby ensuring expedient and timely compensation to the seller.

About CarTrade Tech Limited: 

(www.cartradetech.com; NSE: CARTRADE|BSE:543333)

CarTrade Tech Ltd. is a multi-channel auto platform with its presence across all vehicle types and value-added services. The platform got 70 million average monthly unique visitors in Q2 FY24 and based on Q2 FY24 annualized numbers has 1.2 mn listings for auction. The platform operates under several brands: CarWale, CarTrade, Olx, Shriram Automall, BikeWale, CarTrade Exchange, and Adroit Auto. These platforms enable new and used automobile customers, vehicle dealerships, vehicle OEMs, and other businesses to buy and sell vehicles in a simple and efficient manner.Ends