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In 2019, the company started offering verified used cars where the company offered a buyback guarantee on the vehicles verified by inspection. [9] The company operates 202 branches across 73 cities in India as of 2019. [10] Apart from its own branches, the company has a tie-up with more than 10,000 channel partners across 230 cities in India. [8]
CarTrade.com is an Indian online auto classifieds platform serving as a marketplace for users interested in buying and selling new and used vehicles. [2] Headquartered in Mumbai, the company also owns other vehicle trading platforms such as CarWale, BikeWale and CarTradeExchange, the omnichannel vehicle auction company Shriram Automall, the vehicle inspection company Adroit Auto, and the ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Are you thinking about purchasing a used car in 2025? Unfortunately, prices are still hovering around multi-year highs. According to recent sales data from Edmonds, the average used car price is ...
Today, the average used car has around 70,000 miles, and some dealerships take in cars with up to 150,000 miles as trades. However, a vehicle with lower miles usually sells for a higher price than ...
The price of used cars continues to climb — with the amount financed up over $7,000 since 2020. In fact, the national average amount financed for a used car in the third quarter of 2023 came to ...
OLX's operations in India, like other online retailers, has faced problems with fraud and faced problems with people selling stolen vehicles. In combating fraud, nearly 25% of the car listings get rejected by its systems to protect users from fraud. [36] [37] In August 2023, OLX's India business was acquired by CarTrade for ₹ 535.54 crore. [38]
In fact, December was the sixth consecutive month for used-car price drops, and 2022 ended with used-car prices 8.8 percent lower than they were at the start of the year. That's the largest annual ...