Big Boy Toyz launches Cars.co.in - India’s first full-stack pre-owned luxury car marketplace

~Big Boy Toyz Aims to sell 400 pre-owned cars per month through Cars.co.in~

 

New Delhi, October 08, 2024 –  Big Boy Toyz (BBT), India’s leading pre-owned exotic car company, today, announced the launch of Cars.co.in (CCI) - India’s first full-stack online platform for buying and selling luxury cars. This move will enable modern-day consumers to purchase a luxury car, much like their groceries, in just a few clicks. The platform offers a vast inventory of luxury cars to help consumers make informed choices from the comfort of their homes. A user-friendly platform, cars.co.in, ensures the highest standards of quality, paperwork, and complete transparency - building on BBT’s 20 years of trust and expertise.

With its entry into e-commerce, Cars.co.in aims to become the go-to platform for luxury cars. With fast-tracked delivery options, it ensures delivery of cars at the consumer’s doorstep, anywhere in the country. It allows car owners to get the best value for their cars by eliminating the heavy expenses incurred by traditional car dealers. These expenses typically come in the form of big infrastructure costs, interest costs related to inventory, and the risk of holding inventory—eating into more than 50% of the profit made on a single car. By cutting down on these expenses, CCI is able to pass on the price benefit to the car seller.

The pre-owned luxury car market in India has witnessed remarkable growth over the past five years, with the market size expanding at a rate of 15% per annum. As of FY23, the domestic used car market was valued at USD 32.44 billion, according to the Indian Blue Book (IBB). The latest IBB report predicts that this market will more than double, exceeding USD 73 billion by 2028. This growth is attributed to an increasing population of middle-income earners who are willing to spend on value-for-money products and services, along with better access to quality used cars. With CCI, the BBT Group is not only expanding its business but also offering a platform that meets the evolving needs of both luxury car sellers and buyers—catering to a wider audience with an extensive car collection.

Commenting on the development, Mr. Jatin Ahuja, Founder & CEO of Big Boy Toyz said, “Since 68% of our buyers book cars online without seeing them, the advent of Cars.co.in is a natural progression for BBT, and I truly believe CCI will be bigger than BBT in no time, becoming India’s go-to platform for pre-owned luxury cars. Currently, classifieds are the primary avenue for car sellers, but CCI is much more than that—our dedicated team manages everything from lead filtration to deal closure, along with loan financing, insurance, logistics, and RTO processes for the seller. At the same time, for buyers, we ensure cars of the highest quality, seamless nationwide delivery, and dedicated after-sales service, also offering optional extended warranties on used cars."

Mr. Kunal Maini, CEO of Cars.co.in added, “Cars.co.in is India’s only full-fledged e-commerce platform that supports not just car owners, but also used car dealers and OEM car dealerships to sell their used cars. This is just the beginning—our focus is on constant digital innovation, and we are committed to transforming the luxury car selling experience with unmatched convenience."

With an ambitious goal of selling 400 luxury cars per month, Cars.co.in is set to redefine the pre-owned luxury car market in India. By merging convenience with quality, the platform ensures a no-hassle experience for both buyers and sellers. Whether you are searching for a pre-loved Mercedes, BMW, or Audi, or looking to sell your luxury car directly to a discerning buyer, Cars.co.in offers a reliable, transparent, and rewarding journey for all. As India's first e-commerce platform for pre-owned luxury cars, Cars.co.in is not just changing how cars are bought and sold—its setting new standards for excellence in the automotive industry.

About Big Boy Toyz (BBT):

Big Boy Toyz is a renowned leader in the pre-owned exotic car market, celebrated for its commitment to quality and customer satisfaction. With over 15 years of excellence in the industry, BBT continues to set new standards through innovative solutions and exceptional service.