CarWale abSure, a part of CarTrade Tech Ltd., has marked a significant achievement by successfully selling over 1,000 cars in the month of December 2023. This milestone underscores the platform's dedication to delivering a seamless and transparent experience for customers engaged in buying and selling used vehicles. The feat represents a substantial year-over-year increase of 160%, highlighting its robust sales growth.
The sales data for December 2023 reveals a notable surge, with more than 40% of transactions surpassing the 10-lakh price bracket. In the premium segment, Mercedes demonstrated a strong presence, securing 5% of transactions and an impressive 40% market share. 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%).
Abhishek Patodia, President, CarWale abSure, said, 'We are extremely proud to have achieved the milestone of over 1,000 cars sold through CarWale abSure and Signature dealers in December 2023. As pioneers in the used car ecosystem, CarTrade is at the forefront of innovation, and the sale of 1,000 cars in 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 reaching this milestone. High-impact marketing on CarWale used car pages, customised offers, and a robust online presence successfully captured the attention of buyers.
As the automotive industry continues to evolve, CarWale abSure remains steadfast in its commitment to providing an unparalleled platform for car enthusiasts and buyers, consistently setting new benchmarks in the industry with each passing month.
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