Cars24 decodes online-vs-auction price gap: variant, condition, live dealer demand drive 40% under-range bids
Founder Vikram Chopra says only 35% of used cars sell within the platform's online estimate, with 40% closing below and 25% above. Variant mismatches swing prices 15-20%, while 6 in 10 sellers misreport condition. Cars24 runs 1,00,000+ inspections monthly across 20,000+ dealers in 1,500+ cities.
Cars24 founder Vikram Chopra explains gap between online used-car valuation estimates and final auction prices, citing variant mismatches, undisclosed conditions, and live dealer demand. Platform processes 100,000+ inspections monthly across 20,000+ dealers in 1,500+ cities.