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| The creation of a brand new auto-life-service model by Baoxin |
HONG KONG, Sept 3, 2014 - (ACN Newswire) - AutoSt. ( www.autostreets.com, a vehicle sale platform founded by Baoxin Auto Group), on September 2, 2014 officially announced the upcoming launch of its integrated online and offline auto services business at the grand opening of its new offline operation center in Shanghai Pudong. In connection with the launch, AutoSt. also announced that Cox Automotive (headquartered in the U.S., and the largest online/offline auto trade platform in the world), CMB International (a subsidiary of China Merchants Bank), and multiple other renowned, nation-wide auto dealer groups, will be investors and strategic partners in integrating the Internet auto services businesses and traditionally-offline businesses and further enhancing AutoSt.'s O2O ecommerce platform. This brand new platform will enable AutoSt. to provide one-stop auto-related services, including allowing users online access to traditionally-offline services that cover a car's whole life cycle, such as pre-owned car trade, trade-in service, financial services, warranty provision, repair and maintenance.
China's pre-owned car market has been growing together with car ownership among Chinese during recent years. According to a survey by China Automobile Dealers Association (CADA) on 500 major pre-owned car markets nationwide, the total trade volume of pre-owned cars in China grew from 0.25 million to over 5 million from the year 2000 to 2013, rapidly increasing since China's license plate restrictions took effect. Meanwhile, customer demand for ecommerce applications increased due to a better experience over the traditional service model. Drawing on its advanced ecommerce model and the commitments of its strategic partners, AutoSt. will initiate a brand new O2O platform to provide top-class, convenient and worry-free one-stop auto sale services.
AutoSt.( www.autostreets.com ) plans to establish an ecommerce model that seamlessly connects online and offline services, particularly for new car customers. When a customer logs onto the AutoSt. website to purchase a car, he/she will be provided with one-stop purchase solutions and comprehensive services assocated with the entire life of the vehicle. AutoSt. will offer a state-of-art certification system and consolidate the pre-owned car inventories of well-established dealer groups, based on which a unique world-class pre-owned car system will be built. AutoSt. will also integrate physical auction and online, simultaneous auction of pre-owned cars, lifestyle product sales and auto refurbishment. Various warranty options for pre-owned cars will be offered to customers, providing a safe and anxiety-free purchasing experience. Regarding financial services, AutoSt. will provide no-hassle, fast approval and fast loan-release financing plans for its customers. Auto dealers will have access to favorable floor plans offered by a commercial bank on the AutoSt. platform, further helping improve the auto purchase experience.
Drawing on the resources and expertise of its strategic partners, AutoSt. will also provide a whole package of value-added services at its O2O offline platform, consistent with international 4S standard. AutoSt. already has seven subsidiary offline trade centers in China, and plans to finish its strategic deployment of over one hundred outlets nationwide by the end of this year. The grand opening ceremony for AutoSt. was held today at its Shanghai Pudong offline operation center, located at 1000 Jinhu Rd, Pudong District of Shanghai. The Shanghai Pudong center covers around over six thousand square meters, with the space divided to perform multiple functions, including vehicle display, vehicle appraisal, online auction, offline auction, paperwork handling, negotiation, and all aspects of the vehicle sale process. Customers will have a better knowledge of the cars in which they are interested, as well as the ability to participate in offline/online auctions or trade-in their cars at the center.
AutoSt. is committed to build an O2O ecommerce platform that represents top-level of credibility and efficiency as well as great convenience for customers. Based on the Internet, its convenient and efficient nature is embodied in all of its services, including sales, after-sales and trade-in service. During its entire service process, its unified and strict service standards will be implemented to further improve the functions and application of its ecommerce platform, and therefore by establishing an industrial benchmark, AutoSt. will also help promote the healthy development of China's auto ecommerce industry.
Topic: Press release summary
Source: Grand Baoxin Auto Group Limited
Sectors: Daily Finance, Automotive, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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