Page 2 - Used Cars

CARS24 valuation soars to $1.8 billion after raising $450 million

Fundraise includes Series F equity round of $340 mn, debt of $110 mn

TVS Automobile Solutions may partner used-car companies; plans expansion

TVS Automobile Solutions had launched its new subsidiary Ki Mobility Solution (an online to offline digital platform) in November 2020

Used vehicle unicorn Cars24 nears $250 mn deal that could double valuation

Cars24 aims to make the purchase of a pre-owned vehicle as easy as buying a refrigerator or a smartphone online.

Startup PumPumPum gets Rs 5.5 cr to expand used car leasing business

Company says it plans to expand to 15 cities in five years, lure millennials for clients.

Online used car retailing platform Spinny raises $65 mn in funding round

Spinny, an online platform for selling pre-owned cars, has raised $65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst

Used car market sees a continued interest from buyers amid Covid-19

2020 saw incremental growth for 1st-time car buyers, category up 3% for Maruti

SAMIL generates Rs 130 cr by selling vehicles, equipment in bidding event

Over 5,600 vehicles and equipment were sold during a day-long physical bidding event titled 'Utsav'

Second-hand car business on high speed in India amid Covid-19 pandemic

The pandemic has accelerated the second-hand car business to the point of a demand-supply imbalance

Skoda Auto forays into used car biz under 'Certified Pre-Owned' programme

Skoda Auto India on Wednesday announced its foray into the used car market with the launch of its 'Certified Pre-Owned' programme

Make sense of car loans with step-up and balloon payments before borrowing

Some decisions aren't about numbers alone. If paying extra interest isn't as important as your safety, there's no harm in going for them. Get a fix on the pitfalls, though

Get the used car you're buying inspected before making the purchase

For further peace of mind, you may purchase a warranty

Covid-19 impact: Over 54% potential buyers prefer used car, says study

Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much

Mahindra First Choice embarks on expansion, plans to add 30 outlets soon

Company's June volumes to reach 80% of pre-Covid levels, firm plans to have 1,250 dealers by FY21-end as it eyes overall sales of 200,000 units by FY21

Used car or new set of wheels? How to figure out which you should buy

With liquidity as top priority, most will end up buying a used car, and that's not a bad thing if it's self-funded

Used car trade could rev up auto revival as consumer turns budget-conscious

Bookings, sales perk up for hatchbacks, cars between Rs 4 lakh and Rs 6 lakh

Small, used cars may see surge in sale after 21-day coronavirus lockdown

Thanks to social distancing norms and rising hygiene awareness, daily commuters may ditch public transport and shared mobility solutions like Ola and Uber

Shriram Automall buys car selling portal BlueJack to strengthen offline biz

BlueJack is expected to fully integrate with SAMIL's operations and group companies in first half of 2020

Prosus-owned OLX invests $400 million in FCG's used car business

In India, OLX and FCG have a joint venture that operates OLX CashMyCar stores across almost 17 cities

Planning to take used-car loan? 10 points that you should keep in mind

If you looking for a used car, check out the platforms that offer certification

Old is gold? How used car market players are offering greater transparency

How online pre-owned car sellers are making the most of the crisis in the auto industry