Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 19, Wednesday 2018 8:29 PM       

       HEADLINES: Raw chicken cost dips but hoteliers' price doesn't                                              Bishop to be questioned at Thripunithura                                              Such kinky ‘cops’ are shame to Kerala Police (video)                                              FB freak traps gullible girls using his morphed pics, lies                                              Nun’s sister’s condition worsens; hospitalised                                              Cabinet clears ordinance to make triple talaq penal offence: Law Minister                                              Forces within JNU 'waging war against India', says Sitharaman                                              US-China trade war could last for 20 years: Jack Ma                                              Didn't expect Arjuna this year: Hima Das                                              Kaumudi Facebook
       BUSINESS Next Article: CCI penalises airlines for fixing, revising cargo fuel surcharge  
       OLX witnesses three-fold revenue growth from pre-owned cars
 
         Posted on :01:09:09 Mar 8, 2018
   
A A
       Last edited on:01:09:09 Mar 8, 2018
         Tags: OLX witnesses three-fold revenue growth from
 
New Delhi: OLX, an online classifieds marketplace for auto, real estate and goods and services, extended its leadership position in the pre-owned cars category by doubling its business seller base in 2017.
 
The automobile category that includes cars and bikes is the largest section on the platform, with 45 percent of the total user visits. 15,000 cars are listed for sale, every day on OLX. Each car listing on an average gets more than 1000 views, and almost 65 percent of cars are sold within the first week.
 
In 2017, transactions on the platform increased by 25 percent, from 2.4 million units sold in 2016 to 3 million units in 2017 (Jan- Dec).
 
On the business side, revenues from pre-owned cars category increased by three times for FY 17 -18, supported by an active base of business sellers, the launch of customised solutions and local sales support team of 200, operating across 50 cities.
 
In 2017, new dealer signups in automobile category doubled on the platform. To foster the community, OLX invested in dealer connect program- Driveathon, an initiative to assist dealers to come online.
 
In 2017, OLX ran the program across 20 cities touching over 3,000 dealers. Under this initiative, OLX educates car dealers about the emerging trends in the pre-owned automobile market, hosts workshop with experts from the industry and promotes knowledge sharing on regulatory developments in the automobile sector.
 
OLX aims to expand the reach of this property to 40 cities in 2018.
 
"We are focused on transforming the way consumers buy and sell pre-owned cars, using online. 2017 was a rewarding year for OLX in which we evolved our cars category by building robust revenue streams and demonstrating a sustainable business model. Our deep-rooted understanding of the online classifieds places us in a solid position to take the market to greater heights," said Sunny Kataria, Director, Auto Category, OLX India.
 
OLX registered a growth of 50 percent in the number of buyers, while the seller base grew by 100 percent in the pre-owned cars category, in 2017. A regional break-up of the car listings shows 55 percent of them coming from tier one markets of Delhi, Mumbai, Bangalore, Chennai, Hyderabad, and Kolkata. The remaining 45 percent of the listings come from tier two cities. 
A A
       BUSINESS
Next Article: CCI penalises airlines for fixing, revising cargo fuel surcharge
 
 
BUSINESS HEADLINES
Avis India announces free doorstep delivery, collection of self-drive cars  
Dena Bank surges 20%; BoB tumbles 14% post merger announcement  
Vijaya Bank, Dena Bank, BoB to merge: Govt  
Mother Dairy won't cut prices despite Patanjali's cheaper cow milk  
Union Bank of India exits Antwerp diamond market  
Naidu discusses bilateral cooperation in trade and defence with Serbian President  
FundzBazar crosses 2 lakh investors milestone  
Ramdev Baba’s Patanjali launches cow milk, french fries and more  
United Bank of India increases MCLR by five basis points  
RBI submitted a list of high profile fraud cases to PMO: Rajan  
Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
Skills and You develops special module 'Curio'  
Google ready to comply with RBI norms for payment services, says official  
FinMin in touch with RBI for market intervention to contain rupee value  
Sensex plunges over 400 pts as rupee breaches 72.50 mark  
Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility  
FastFox registers 3x growth post rollout of revolutionary 'Open House' model  
Jio completes two years, aims to take India to 'top 5' in broadband connectivity  
Gold rises 0.46% on positive global cues  
Rupee pares gains, slips 7 paise against US dollar  
Bajaj Finserv rolls out exciting offers, lowest EMIs on all products  
Gadkari pitches for alternate fuels; says govt not against petrol, diesel  
US dollar ends higher against rupee  
Sensex drops 140 pts as rupee hits new low  
 
Do you think forced salary challenge is acceptable in the current situation?
yes
 
not
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy