Uxin Limited's Comment on Sales, Marketing and Customers
The company provides a nationwide used-car transaction solution encompassing acquisition, inspection, reconditioning, warehousing, pre-sales, and after-sales services. It offers used cars through an omni-channel sales approach, including an online platform for consumer-to-consumer transactions and offline used car superstores in selected regions. The online platform supports self-service purchasing with transparent pricing and door-to-door delivery. The company partners with third-party providers to offer auto financing, insurance, and other after-sales services. In September 2020, it transitioned to an inventory-owning model to enhance supply and quality control.
The company operates used car superstores, including its first location in Xi’an, which has been operational since March 2021 and was upgraded in December 2022. This superstore has an annual capacity of 40,000 vehicles and a showroom accommodating 3,000 vehicles. Additionally, the company partnered with the Changfeng County Government of Hefei City to develop the Hefei Superstore, with an investment of RMB 2.5 billion. The Hefei Superstore began operations in November 2021, with a planned annual capacity of 60,000 to 100,000 vehicles and a showroom for 10,000 vehicles. It serves as a hub for expansion within Anhui Province and nationwide sales.
Uxin Limited’s Comment on Sales, Marketing and Customers
The company provides a nationwide used-car transaction solution encompassing acquisition, inspection, reconditioning, warehousing, pre-sales, and after-sales services. It offers used cars through an omni-channel sales approach, including an online platform for consumer-to-consumer transactions and offline used car superstores in selected regions. The online platform supports self-service purchasing with transparent pricing and door-to-door delivery. The company partners with third-party providers to offer auto financing, insurance, and other after-sales services. In September 2020, it transitioned to an inventory-owning model to enhance supply and quality control.
The company operates used car superstores, including its first location in Xi’an, which has been operational since March 2021 and was upgraded in December 2022. This superstore has an annual capacity of 40,000 vehicles and a showroom accommodating 3,000 vehicles. Additionally, the company partnered with the Changfeng County Government of Hefei City to develop the Hefei Superstore, with an investment of RMB 2.5 billion. The Hefei Superstore began operations in November 2021, with a planned annual capacity of 60,000 to 100,000 vehicles and a showroom for 10,000 vehicles. It serves as a hub for expansion within Anhui Province and nationwide sales.
Sources:
Uxin Limited’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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