Cars24

The CARS24 business is based on the premise of a used car reselling company. The core of the CARS24 business concept is to purchase any vehicle from its owner for the greatest price when compared to other local auto resale businesses. In essence, it wants to provide Indian customers with a straightforward and easy-to-use substitute for traditional laborious methods of selling a used automobile.

Regardless of the make, model, age, or condition, CARS24 gives a price guarantee on any vehicle. Thus, owners of used cars can sell their vehicle at any CARS24 office in a single visit. Additionally, the user of this service can get an approximate valuation based on the details of their car. When potential sellers use this site to sell their cars, they get paid right away.

At no extra expense to the seller, it also handles the transfer of any applicable legal paperwork pertaining to the registration of the car. This business, which mostly deals with used cars, retail, e-commerce, and automotive services, has expanded significantly since its founding thanks to this outstanding business model.

CARS24 operates on a business-to-business (B2B) basis. Cars are bought by it from private sellers and sold to dealers. CARS24 facilitates end-to-end transactions and charges a commission for each one, equivalent to 4-5% of the transaction amount, in contrast to a classified platform. The company's main source of revenue is the pre-owned inventory sale. The finance services that CARS24 provides to its clients come next, and then commission and service income. The return on financial assets is another source of non-operating revenue for unicorn user-car sellers.