CarOnSale's modern low-fee platform offers a superior buying and selling experience for Europe's $200B wholesale used car market.
Used car dealers transact with each other to find and purchase inventory that’s a good fit for their dealership. Today, this is done manually by picking up the phone and calling local dealers, which leads to poor prices for sellers and a frustrating experience for the buyers, who have limited ways of finding inventory and verifying vehicle quality. Before CarOnSale, the only alternatives were high-fee auctions which required cars to be transported to the auction house for sale.
CarOnSale’s modern low-fee platform offers a buying and selling experience that’s better for everyone involved. It’s an end-to-end solution from vehicle inspection and listing to online bidding, financing, and transportation. Sellers reach a larger group of buyers, who can browse a larger pool of inventory with vehicle pictures and detailed damage reports.
CarOnSale is perfectly positioned to facilitate cross-border transactions, opening new trade lanes, and becoming the go to pan-European platform. We have deep experience in this market from our investment in BacklotCars and are thrilled to partner with CarOnSale as they bring Europe’s wholesale auto market online.
The information noted above is representative as of the time noted/November 2021 and has not been updated.