Uxin (NASDAQ: UXIN) is the largest used car e-commerce platform in China by number of transactions and gross merchandise volume. Uxin’s mission is to enable people to buy the car of their choice, no matter where they are located in China.
Uxin allows consumers and dealers to buy and sell cars through an innovative, integrated online and offline platform that addresses each step of the transaction and covers the entire value chain, including discovery, car inspection, title transfer, warranty, financing, and insurance. Our services are underpinned by advanced proprietary technology; extensive data on buyers, sellers, vehicles and transactions; a highly scalable online platform; and an offline network of more than 670 service centers in over 270 cities throughout China.
Consumers and businesses in China face significant challenges in buying and selling used cars, such as access to a limited number of vehicles, incomplete and unreliable information about vehicles, and complex transaction processes. To address these issues and provide a reliable and one-stop transaction experience, our platform enables consumers and businesses discover, evaluate, and transact in used cars throughout China.
Our 2C business Uxin Used Car primarily provides consumers with customized car recommendations, financing, title transfer, delivery, insurance referral, warranty, and other related services. Our 2B business Uxin Auction primarily provides businesses with a comprehensive suite of solutions, helping them source vehicles, optimizing their turnover, and facilitating cross-regional transactions.
Uxin Used Car and Uxin Auction had respective market shares of 41% and 42% in 2017, compared to 32% and 40% in 2016, as measured by total GMV.