30, Jan 2024
CarTrade Tech’s CarWale abSure Achieves Remarkable Milestone With 1000+ Cars Sold
30th January 2024, India: 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.
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- By Rabindra
28, Nov 2023
CarWale abSure Marks Diwali with the Grand Opening of its 100th Outlet in Chennai, Extending its Presence Across 29 Geographies
Mumbai, 28th Nov 2023: CarWale abSure, a part of CarTrade Tech Ltd., marked a momentous occasion with the inauguration of its 100th store in Chennai, coinciding with the festive spirit of Diwali. The achievement underscores the rapid growth and commitment to delivering an enhanced used car shopping experience to consumers.
In just two years since its launch as a used car buy-and-sell chain, CarWale abSure has expanded its footprint across 29 geographies, including abSure Signature dealers nationwide. The journey began with the inaugural store in Bangalore in October 2021, and since then, CarWale abSure has been dedicated to addressing the pent-up demand in key markets.
Abhishek Patodia, President – Used Cars at CarTrade Tech, commented on the success, stating, “We recognized the pressing need for quality pre-owned cars in metros, tier 1, and tier 2 cities. The CarWale abSure model, with its rigorous inspection and certification process, has successfully met this demand, providing customers with the peace of mind and trust they deserve when buying a used car.”
CarWale abSure has witnessed substantial sales from states such as Uttar Pradesh, Gujarat, Jharkhand, Haryana, Maharashtra, Karnataka, West Bengal, Telangana, and Tamil Nadu. Notably, 21% of the used car sales come from non-metro cities like Salem, Nagpur, Ranchi, Warangal, and Kanpur, showcasing the significant demand for quality used cars in these areas.
Strategically positioning its stores in major cities, including Mumbai, New Delhi, Bengaluru, Pune, Ahmedabad, Hyderabad, and now Chennai, CarWale abSure has become a go-to destination for reliable used cars. Patodia added, “Our portfolio of best-selling cars includes a wide range of popular small-sized and mid-sized cars. We’ve also witnessed an increase in demand for used premium sedans, sports utility vehicles, and rugged, all-terrain vehicles.”
Looking ahead, CarWale abSure plans to continue its expansion, with a particular focus on regions such as the Northeast, Rajasthan, Kerala, Chhattisgarh, and more through abSure Signature dealers. This strategic approach allows for a broader presence while leveraging the local expertise of franchise partners. The company remains committed to providing the convenience and reliability of CarWale services to customers in these areas, offering access to a diverse range of high-quality used cars.
