Used Car

Is It Okay To Buy A Used Car From A Rental Company?

As Jalopnik’s resident car buying expert and professional car shopper, I get emails. Lots of emails. I’ve decided to pick a few questions and try to help out. This week we are talking about used rental cars, non-transferable warranties, and the best time of year to buy used. Is it risky to buy a car from a rental company like ... Read More »

Carsome raises $50M for its used-car sales platform in Southeast Asia

Carsome,  a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG); Daiwa PI Partners, ... Read More »

Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to keep scaling the business, and specifically also ... Read More »

Best Used Car Deals In Bangalore for Ford EcoSport between 50,000 – 1,00,000 Kms From Cartoq TRUE PRICE

Ford pioneered the sub-compact SUV segment with its EcoSport which has been its best-seller since its launch. EcoSport is a well-built car that is a joy to drive and therefore a favourite of enthusiasts. A used EcoSport is ideal for those looking a for feature-rich, stylish SUV that is good to drive–both in the city and on highways. Ford’s initiative to ... Read More »

Here’s how Fintechs are helping used car firms to boost sales

Droom Technology, the online transactional platform for automobiles, recently acquired Delhi-based non-banking financing company, Xeraphin Finvest, for an estimated USD 3 – 3.5 million. The online auto services provider is expanding its fintech business under Droom Credit Business Unit to drive auto loan disbursals and insurance for purchase of preowned vehicles and facilitate dealer financing options. In contrast to declining ... Read More »

Tesla’s service and used car revenue is growing, but can’t make up for a plunge in US vehicle sales

While Tesla’s overall sales dropped 39% in the U.S. during the third quarter, the company is seeing robust growth on “services and other” revenue, which includes sales of used cars. Revenue in that category jumped 68% to $548 million from $326 a year earlier, according to Tesla’s latest financial filing. Over the first nine months of 2019, it grew 91% to $1.65 ... Read More »

Truebil offers 7 day trial period for used car buyers

New Delhi: Auto-tech platform for buying and selling of pre-owned cars Truebil on Wednesday has announced a seven day trial period offer. Under the new scheme, pre-owned car buyers from Truebil’s platform will be given a 7 day trial period and if the car does not meet the buyer’s purchase criteria, the company will refund the money. The customer has to ensure that ... Read More »

Spurred by robust used car sales, Cars24 to expand its network in India

Bengaluru: On the back of buoyant sales of used cars in India, Gurugram-headquartered tech-enabled used car company Cars24 is investing heavily on growing its presence across the country, and on improving its back-end technology, according to a top company official. Gajendra Jangid, co-founder and chief marketing officer of Cars24, in an interview to Mint, said that the company sells 13,500 cars ... Read More »

Major Tips on How to Inspect a Used Car Prior to Purchasing

Major Tips on How to Inspect a Used Car Prior to Purchasing The used cars are in great demand in the pre-owned market. People buy them 3.5 times more often than new ones. There are several reasons for this. For those who do not have enough money, this is the only opportunity to drive. For others, this is a conscious ... Read More »

9 Things To Keep In Mind When Buying A Used Car Online

It’s a highly digitised world where what can be done online is being done online. The added convenience of online shopping extends to buying cars as well, especially used cars. Sure you can configure and pre-order a new car from a manufacturer’s website but when you’re looking to buy a used car, it’s a bit more complicated. While there are ... Read More »