Today, cars are now more of a necessity than luxury; but to purchase it is still a problem. However, with the advent of technology purchasing the right vehicle has become easier. Gone are the days when the buyer was flooded with questions around dispute title, outstanding bank loan and so on. Whether it is used or new vehicle purchase, these online Auto Tech platforms come as a solution to problems. These platforms have transformed the experience of online buying and selling of used vehicle to the next level. Buyers are now able to find out minute details of the vehicle likeits rating and review and then decide whether the seller is genuine or not.
Here are 4 auto tech platforms that can help consumers in their vehicle purchases:
Droom: Droom is the 3rd largest E-commerce company in India in terms of GMV and the largest online auto marketplace for buying and selling new and used automobiles with over 78% market share of the automobile transactions online. Droom is headquartered in Gurugram, India and has over 365 employees. Droom has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats – Fixed Price, Best Offer and Auction. The platform offers a wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools
Truebil: Truebil is an omni-channel platform for hassle free buying and selling of pre-owned cars. With 1000s of cars that are carefully handpicked and inspected. Truebil’s customers not only have ample choice but also the assurance of a detailed report of each car along with pictures that can help them make informed purchase decisions. It also offers end-to-end services on the entire buying/exchange process through easy loan and paper transfer. Truebil uses AI (artificial intelligence) algorithms to predict the ideal price of used cars based on various parameters like the condition of the car, geographical and seasonal factors.
CarPal: CarPal is India’s first online car buying platform that approaches car buying with an end-to-end solution. Car buying as a concept still revolves around the ‘purchase offline’ strategy. With the changing trends in consumer purchase patterns, new car buying has still remained archaic and hasn’t significantly changed in the last 15 years. CarPal’s car buying platform comes as a natural extension to its mobile app CarMatch that assists car buyers in understanding the best car options based on their preferences and budget. Equipped and supported by strategic partnerships and collaborations, CarPal works on its own pre-set pricing strategy with car dealerships that results in smarter pricing of products for car buyers while also working with other used car dealerships and finance providers to provide every form of support for allied services revolving around car buying.
CarWale: CarWale has always striven to serve car buyers and owners in the most comprehensive and convenient way possible. They provide a platform where car buyers and owners can research, buy, sell and come together to discuss and talk about their cars.