The new online marketplace of the Czech start-up Carvago will offer a selection of more than a million used cars and a complete purchase from the comfort of home. The cars are inspected by a professional service and their condition is guaranteed by a one-year warranty.
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As the first online car market in the European market, Carvago comes up with a unique concept of selling used cars, which will offer a selection of almost 1 million proven cars with a range of up to 160,000 kilometers and an age of up to 10 years. The company will also offer a number of additional services, such as financing (even for cars from abroad), insurance, extended warranty for 6 or 12 months with assistance services or delivery in front of the customer’s house within 15 working days.
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At the same time, each car awaits a comprehensive CarAudit kontrola inspection, consisting of 270 inspection phases, the output of which is a detailed certified description of the technical condition of the car with complete photo documentation. At the European level, Carvago inspects cars with partners such as TÜV, Dekra or Pirelli. At the same time, together with the logistics giant Gefgo Carvago in Ovčary near Kolín, it operates the TechYard testing, service and logistics center.
In order for the company to be able to guarantee 100% the condition of the cars sold and provide a guarantee for them, it buys each car into its ownership before the final sale to the end customer. In addition to the warranty, Carvago also offers services such as registration, washing, MOT, minor service, polishing or interior beating.
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The offer will first be available to Czech, Slovak and German customers, but gradually Carvago is preparing to expand to countries such as France, Benelux, Sweden, Italy or Austria. Subsequently, Carvago will expand to 17 European countries. Along with the expansion into other European markets, the expansion of the TechYard concept further into Europe is also planned.
“Buying a car online brings customers a number of benefits, whether it is the breadth of the offer, a comprehensive inspection of the technical condition of the car, financing on more favorable terms or a guarantee of quality. We are aware that we are coming up with a major innovation and we will have to gain the trust of our customers. That is why we have very strict rules for buying cars and we offer customers only those that pass a strict quality audit, which is on average only 2 cars out of 5. Practically no longer is the only reason why the customer should buy a car in a stone shop nowadays,“Adds Jakub Šulta, CEO of the Carvago start-up.
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“In cooperation with our partners from the ranks of certified dealers and dealers, we provide customers across Europe with virtually unlimited possibilities in choosing a car that will no longer be limited only by the local offer. Complete online sales, including door to door delivery, have not yet been launched in Europe, making it the largest innovative disruption in the automotive industry in the last 30 years. We have over 1 year of testing, a pilot phase from the period of the coronary crisis, experience from B2B programs and the background of a great team in our ranks,Said Šulta.
In addition to sales to end customers, Carvago.com also counts on further expansion of the marketplace program for B2B (Business to Business) partners, thus helping them to penetrate the European environment. “We open a completely new sales channel to dealers, the potential to gain new customers throughout Europe and a competitive advantage in the form of comprehensive services,“Says Jan Kranát, COO of the Carvago start-up.
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„We want to become a technological and logistics leader and gradually offer our platform to other players in the market. Within five years, we would like to achieve a turnover of one billion euros and sales of 150,000 cars a year across Europe,”Adds Kranát.
The new Carvago car market service should thus be the biggest innovation in the used car market in the last 30 years. The goal is a complete digital transformation and setting of high standards that are typical for the e-commerce segment. “The support of authorized dealers is also crucial for us, which during the year of testing showed us how the abysmal difference is in the quality of cars for them and for a regular bazaar. The comprehensive online sales of used cars on Carvago.com thus breaks well-established conventions and sets new standards, thus bringing great added value to customers and sellers and cultivating the market as a whole,Concludes Šulta.
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