The Cars Collective strengthen its market presence in India

The Cars Collective forecasts rise in demand/sale of Used cars

The Cars Collective, a used car retail brand of Jubilant Motorworks group has announced that it has launched 4 more stores in the state of Karnataka and Maharashtra.

We have connected all the four corners of Bangalore with our new facilities. To make it easier for our customers we launched our new showrooms in strategic locations at Mahadevapura, RMZ Mall, and Yelahanka in Bangalore, Udupi town, and Powai Plaza Mumbai. With this, the company has 8 stores in total; 4 stores in Bangalore city, 2 in Mumbai central suburbs, one each in Mangalore and Udupi.

Speaking on the occasion, Mr. Amit Jain, CEO of Jubilant Motorworks said, “The Cars Collective recently turned one this September and has already made a mark in the used car retail space since its inception. We are setting new standards in the used car purchase experience by offering various offers such as 5-day money-back guarantee, assured buy-back etc. Opening these new centres creates easy accessibility to our customers.”

“Used car sales will see a healthy growth as compared to new car sales as people’s buying decision is driven by the want for personal mobility and affordable pre-owned cars. Overall, we estimate that used car sales can grow over 10% by 2024.

At The Cars Collective, we have seen 300% increase in the number of inquiries and our sales of used cars have also gone up by 200% in the past 6 months. We see this trend only growing in the coming months into the new year”, shared Mr. Jain.

Talking more on the business plans, Mr. Jain added, “We are in the process of rolling out the full-stack model which will make buying and selling used cars much simpler for customers. This initiative will enable the customers to realise best value for their cars in case they want to sell. For customers who want to buy a used car, our model will allow easy transactions online from selecting the car to ordering a test drive at their doorstep,  to booking and making the payment for delivery of the car to their doorstep. The full-stack model will be rolled out in the next 30 days. We are also expanding by launching more stores in Karnataka in the coming 2 months.”




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