Vehicle marketplace AutoPlus has integrated a new price comparison widget into its digital auto trading section to let sellers compare quotes from a pool of 400 potential buyers and sell their used cars at the best market price.
AutoPlus, based in South Korea and founded in 2000, buys used cars and sells directly managed inventory online and offline. Besides rental, insurance and logistics businesses, it also holds used-car auctions.
At least 400 auction members can quote their prices for a used car, after which the seller can agree to the highest bid to sell the car online with no need to make any in-person visit for inspection, according to media reports.
AutoPlus also buys cars straight away, a process it says takes six hours to complete. The company’s main competitors include EnCar and KCar.
