This interactive voice-based experience will help users calculate an accurate valuation of their cars using its price algorithm-based tool
Chennai, NFAPost: CARS24, India’s leading online transaction platform for pre-owned automobiles, has announced a unique experience using Google Assistant, enabling their customers to sell cars online using the convenience of voice. Using this functionality, customers can arrive at a valuation for their cars using CARS24’s algorithm-based tool – enabling them to sell their cars easily and quickly.
Every pre-owned car has seen its own unique journey and commands a unique price. The drawback of lack of data along with the fragmented nature of the industry makes it the most prominent pain point for a car seller.
In this way, the CARS24 price evaluation tool is different and sets a mark in India’s pre-owned auto market. The tool is developed using a robust algorithm that calculates the accurate valuation of a car based on various attributes including model, age, mileage, inspection report among others.
Designed to be user-friendly for the car sellers, it helps them determine the price of their vehicle more accurately based on the above factors and demand-supply conditions in the market. Pricing engine takes inputs from everyday prices of thousands of cars, which get auctioned at CARS24.
Commenting on the launch, CARS24 cofounder and CMO Gajendra Jangid said the company is glad to roll out this feature to help customers get an up-to-date valuation of their cars via our advanced algorithm-based tool and simplify the buying and selling process.
“As a tech enabled platform, we are continuously investing in our technology to advance our tools and making the journey of our customers hassle-free,” said Gajendra Jangid.
The feature will be available on all the devices that support Google Assistant. It will also work on smart devices like Google Nest Mini, Nest Hub and others that support Google Assistant. All a user needs to do is ask, “Ok Google, Talk to CARS24”
The new entrant in the Unicorn club has seen a massive growth in the post-lockdown era and projects the same trajectory in the coming year. It’s foundation is always formed by the investment in technology and data sciences.
CARS24 is the largest online transaction platform for pre-owned vehicles in India. Founded in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal and Gajendra Jangid, itCARS24 offers an efficient, reliable, and hassle-free transacting experience to customers to buy and sell pre-owned vehicles (cars and bikes) as well as financing options. CARS24 operates in over 130 cities in India.
Since its inception, CARS24 has built a strong technology backbone that features various first-of-its-kind offerings including an innovative auction format, a state-of-the-art proprietary inspection app, and a powerful algorithm that matches supply and demand across the country. In addition, CARS24 also features an innovative price discovery mechanism for used vehicles.
CARS24 is the first player in the pre-owned vehicle industry to procure a non-banking financial company (NBFC) license and launch consumer lending business with CARS24 Financial Services and two-wheeler segment CARS24 MOTO.
It is backed by marquee investors like Sequoia India, Exor Seeds (venture arm of Exor, one of the world’s leading holding companies controlled by the Agnelli Family), DST Global, Kingsway Capital (London based multi-billion US$ fund), Unbound (global investment firm headquartered in London), Moore Strategic Ventures and KCK (Silicon Valley & New York based investment firm).