OLX Cash My Car, on an expansion journey

CHENNAI, India - March 27, 2019 - PRLog -- Already boasting of occupying 77% of used car market share along with the association with Frontier Car Group. And, now with the vision of opening 150 outlets across various cities by 2021, the organisation is surely setting up high benchmarks for its competition. Currently, the brand is present across important cities like Mumbai, Delhi, Ghaziabad, Faridabad, Gurgaon, Noida, Thane through 50 outlets. Its service has become all the easier to be availed by adding online to offline model because it has helped to add another level of safety as well as trust amongst the customers.

Indians are upgrading their cars more frequently than ever thus leaving the almost less devalued and strained cars in the segment of pre-owned cars. Thus, making the deals for new buyers lucrative enough. In fact, it's not only about the availability of new cars every year but the OLX Cash My Car smooth processes which can also be attributed for the success of the used car market segment. The company offers a free car inspection by a professional just on a call on +91 98182 62262 and subsequently, who carries a valuation of the car which is based on demand and supply algorithm. Post the valuation, a value is offered to the customer and on the agreement of the party, the instant payment is made to the client's account. It makes sure that payment is done in the most secure and safest process. More so, Amit Kumar Vice President at OLX India and head of OLX Cash My Car opined that "CMC gives users the option to enable an instant transaction at the retail centre with detailed inspection and assessment of the fair price. The buying of the car is through an auction process, with buyers spanning large dealers and leasing companies, among others".

Indian pre-owned car segment sees a positive growth in coming years which gives a lot of opportunities to the brand to churn out the best of revenue as they grow in parallel. Times of India reported that the demand for used cars has grown up by 20% whereas the overall market has accelerated by 40%-50% in 2018. While used cars segment is a supply strained business but thanks to frequent uplift of cars that more cars are becoming a part of the used car community. Though another factor which has been pulling down the interest of consumers for used cars is the hiked price of petrol and diesel. Hike in prices leads to decreased performance of the factor thus, making the deal less compelling.

Therefore, there are forces which are working towards the growth of the pre-owned car market whereas few of the reasons will pull it down too. With the new venture of the online-offline model, OLX Cash My Car seems to be on the right track to balance the market forces.

OLX Cash My Car
+91 9818262262
https://www.cashmycar.olx.in/