Global car classifieds player Carmudi fast tracks into the emerging world crossing 100,000 listings globally. Having started its operations only 5 months ago, the online marketplace has successfully driven its way into the automotive industry in 12 countries and 40 cities across 4 regions: Asia, Africa, Latam and the Middle East.
Backed by Rocket Internet, Carmudi is planning to continue its rapid expansion into at least 30 countries by the end of 2014. In doing so Carmudi will have a potential market of nearly 3 billion people. Its plans for expansion do not stop there. The IT team at headquarters has been continuously developing the platform to enhance the user experience.
Karl-Johan Sturesson, Head of Business Development for Carmudi Africa commented on the recent milestones, “Having crossed 100,000 listings in such a short space of time goes to show that we are growing at a tremendous pace. This is especially true in Africa, where we are seeing a rapid growth in our inventory each day. Currently we have 25,000 unique listings in Nigeria and we are also the market leader in Cameroon with over 4,000 unique listings after only 3 months of operations. These figures and the huge demand we see in all markets is a fantastic outcome of a great product and a great team.”
The good news is that the global car sale volumes are estimated to reach 85 million units this year with Africa making up a significant proportion of the overall sales. “Carmudi is already a dominant player in Africa and is fast becoming the most important player on the continent with our premium offering. It’s an exciting time to be in our business as it is projected that the online car market will be eight times as large in 2025 than it was in 2011!” commented Sturesson.
Boasting more than 240,000 fans on Facebook, the global platform clearly engages with its users beyond the transactional level. “Our aim is to make Carmudi a one-stop shop for our users – with a prime focus on both sellers and buyers. We would like to be a part of every person’s journey who thinks of buying, selling, maintaining or even learning about cars and we see social media as a natural companion to this” added Sturesson.
For a quick snapshot of Carmudi’s success story so far, take a look at the infographic that outlines its journey, key milestones and vision.
And if you are looking for that perfect ride this summer, take a pit stop at www.carmudi.com, a vehicle marketplace that enables customers to easily find or sell their car, motorcycle or commercial vehicle online. Carmudi offers diverse vehicle listings, an intuitive website design and high security standards to avoid fraud. The business platform operates under a high level of transparency through professional photos, updated listings, detailed descriptions, reports and rankings for 100% of its vehicles in each market. At the same time, vehicle dealers get a trusted online presence through a personalized webpage. The Carmudi platform helps sellers manage their inventory in a fast, easy and stress-free wa
