Thousand City transfer to stare at second-hand car electricity market big cake

China's second-hand car market is on the eve of the outbreak, according to a report released by the China Automobile Circulation Association, the number of newly registered small cars in China increased by 65.1% in 2009, while the average age of Chinese used cars is 6.2 years, which is exactly 6 years since 2009. Domestic used cars traded at 6.0529 million in 2014, up 26.03% from a year earlier.

Although the space of second-hand car market is very big, but the current domestic used car trading process still faces many problems, such as lack of standard evaluation certification process, product information is not transparent, transfer security can not guarantee, these are restricting the healthy development of second-hand market. The Thousand City Transfer (IOS) is a company focused on providing services such as transfer of vehicles and so on, hoping to improve the efficiency of the back end of second-hand car trading through safe and efficient service.

The founder Chao that in front of China's second-hand car market this big cake, many internet companies do the platform is to sell the vehicle channel, the competition is very intense. But in the second-hand car trade chain back end, the market has not yet appeared a unified platform to integrate most of the country to carry out the transfer of merchant resources.

On the other hand, second-hand car transfer efficiency is too low, all over the DMV, custom policies and prices, must be handled by the local vehicle company agent. Therefore, the second-hand car companies still rely on the traditional channels and their own contacts to find all over the operation of the certificate of Yellow cattle, the thousand City transfer hope to seize the vehicle transfer this link to cut, and the vehicle business management company, to create a car O2O platform.

Thousand city transfer to the main mobile end, take a class to where the vertical search mode, through the price, reputation, volume and other latitude comprehensive ranking, used car business can find the country within the appropriate vehicle business operating company, directly under the single, convenient for transfer transfer, file licensing and other business. At the same time, the car operators around the company can also be through the platform to obtain more customers and cooperation opportunities.

Thousand city transfer also played the role of Third-party payment platform, the second-hand car merchants first to the money into the Thousand City account, confirm the transfer business completed, and then the money to the transfer merchant. This can be avoided before many transfer business process in the middle of the increase in the behavior, reduce the risk of the second-hand car business transfer. Secondly, the thousand-city transfer can also be cut into the trading links, convenient to carry out the extension of the type of financial services.

Business model, the company through each transaction charge 10% of the service charge to obtain profits. The thousand city transfer is dominated by business-to-business mode. The advantage of this model is that its marketing cost is low, can establish point-to-point cooperation, but the B-side of the car business is a benefit-driven group, the platform is very low loyalty. Thousand City transfer business is still relatively single, after the need to provide more services to improve the threshold, in order to enhance the vehicle business dependence on the platform.

Thousand city transfer was established last August, the same month to obtain 1.5 million Yuan Angel round financing, currently registered second-hand car merchants more than 5,000, and the People's network, the market good cars, love generation, car 300 and so established a strategic cooperative relationship. Founder Chao earlier in the new used car to help sell as the product department head, the team has more than four years experience in the used car industry.