China’s most visited used car valuation and trading platform provides transparent, reliable pricing and quality in a usually opaque market.
Why
Quality Uncertainty/ Information Asymmetry
Without the information owners/sellers have, potential buyers cannot ascertain a used car’s true value.
Costly middlemen
Stores or agencies that normally handle used car sales could earn commission of 30–50%.
Market
29 million
Projected number of used cars traded in China in 2020 vs 9.42 million in 2015. In 2016, the Chinese government scrapped restrictions on cross-city circulation of used cars.
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