Driving disruption in the car business

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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.

 

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