Driving disruption in the car business

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Driving disruption in the car business: Singaporean car portal UCars says it can help drivers get more for their used cars, and do it more quickly.

Singaporean car portal UCars says it can help drivers get more for their used cars, and do it more quickly."We developed Sell My Car as a seamless platform for users to buy and sell cars with ease," says Ely Wong, the business development manager for UCars.EXPERIENCED car owners know this: Buying a car is easy, but selling it is hard.

After Mr Lai posted his car's information on the platform on a Thursday, UCars sent it out to its network of used dealers. By Saturday, he received an offer which he found reasonable, and following a meet up with the dealer for a test drive, he"accepted the offer right away". Mr Lai's experience bore this out. He says the bid for his Kia from Ucars was S$600 higher than an offer from another service.

"We ensure that all safety measures are adhered to, such as requiring all parties to wear face masks, and helping to sanitise the seller's car before it is presented to the buyer", Ms Wong says. Mr Cho says UCars is rolling out an online car valuation tool to complement Sell My Car. It collates market data from the startup's car dealer network, then uses artificial intelligence to generate an instant, accurate valuation of a given car in real time. The idea is to"help consumers better manage their expectations when selling their cars", Mr Cho says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines