OLX Cash My Car launches 5 Offline Stores in Hyderabad

HYDERABAD, India - May 27, 2019 - PRLog -- India is a country with an emerging economy and some of the major cities like Hyderabad cosmopolitan is buzzing with young professionals. With young professionals, the city has also been experiencing greater demands of cars to upgrade their lifestyles. Many of the new entrants are aspirational of living a new and improved life. Such consumer behavior has surely led to increased demands of first-hand cars as well as used cars too. The market seems to be picking up and as Amit Kumar, VP New Ventures at OLX India says "This is a very exciting time for the pre-owned car market in India, and by extension, for OLX Cash My Car wherein the industry is ripe for disruption. The growth we have seen in such a short period of time is a testament to the above."
The shops are located strategically which would give access to the majority of the populations of the city avoiding travelling miles to sell their used cars. These are positioned to settle the process of selling second-hand cars in 45 minutes with a hassle-free approach.
If the numbers of second-hand cars have to be analysed with respect to OLX Cash My Car, then there has been a total of 380+ inspections in a month's time considering only the top ten used cars. Out of which 64 cars have made to the final database of the organisation or available for sale. The trend is similar to other cities where Maruti and Hyundai car models have made to top ten used cars being sold via Cash My Car. The numbers are interesting to analyse as there is no direct relationship between the number of inspections and the quantity getting procured.

For instance, Maruti Swift had the maximum inspections of 80 but the final procurement stood at only 18. Therefore, a success rate of 23% whereas Maruti Alto had only 12% of 52 inspections reaching the final stage. It's important to note that irrespective of the markets, Maruti WagonR's acceptance by the market has the maximum. In Hyderabad too, it has a procurement rate of 35% with an inspection base of 23. Additionally, Hyundai i10 has also performed well in the last few months with a 20 getting procured out of 44 inspections. While Hyundai SantroXing, Volkswagen Polo and Maruti WagonR could only have 8%, 9% and 4% of procurement at a base of 40, 33 and 24 respectively. It's critical to note that though the base of inspections might be lower for many of the brands but are reaching to the final stage because of reasons like well-conditioned cars or availability of sufficient official documents.

To run a successful used car offline, it's utmost critical for the organisation to be cautious and keep a close eye on physical inspections to make sure only well-conditioned cars are being parked or sold to the second-hand car buyers. OLX Cash My Car seems to be vigilant of this across all markets to keep themselves away from hoarding second-hand cars.

OLX Cash My Car
+91 9818262262
https://www.cashmycar.olx.in/