Renren Foshan Two Stores Open, Expected To Exceed 50 By The End Of The Year

On August 12th, people's cars opened 2 new used cars in Foshan yesterday. They were shops in Foshan Chancheng and Foshan special stores. At present, all cars have been operated by 16 strict shops all over the country.

It is understood that everyone car "new platform, new retail" strategic transformation and upgrading for half a year. At present, Beijing, Chengdu and other cities in the second tier cities strict selection shop monthly turnover of over 100.

According to Li Jian, founder and CEO of Renmin vehicle, the implementation and effectiveness of the new strategy exceeded expectations. The number of partners in the country has reached thousands of people. The growth rate of single core gross profit margin, transaction efficiency and sold out rate has been increasing rapidly. Among them, the gross profit margin of single unit increased by 87% compared to the same period last year, and the sales rate doubled. Renyan vehicle selection shop is expected to break through 50 by the end of the year, covering a second tier city.

China Automobile Circulation Association statistics show that in June 2019, the volume of second-hand car trade in the country was 1 million 244 thousand and 400, an increase of 17.76% over the same period in June 2018.

It is reported that everyone car was founded in April 2014, is committed to create a new second-hand car C2C trading mode, its first used car C2C virtual consignment mode, can directly connect individual car owners and individual buyers.

In 2018, everyone car and dripping trip reached a cooperation agreement. The two sides will provide vehicle and vehicle solutions for the dripping platform owners, including second-hand cars and new cars. In the same year, Renren announced that it had received a new investment of US $300 million.