Shriram Automall India Limited (SAMIL) India’s largest platform for pre-owned vehicles & equipment, has introduced its new web and app platform “ThePriceX” an online calculator tool for getting true resale value of one’s second-hand vehicle and selling it at best price. The App is backed by the experience of SAMIL’s decade old experience of selling pre-owned vehicles.
ThePriceX app will be helpful to all the leading banks, insurance companies, NBFC’s and OEM’s to find out the market price of their vehicle. PriceX is a scientific & insightful approach to price discovery. Users get the data and analytics-driven results on basis of lakhs of successfully transacted vehicles over the past 10 years. With this it gives the market price for the vehicle in 3 quick and easy steps. These include electing the vehicle category, adding the vehicle details and getting the price within minutes.
“ Be it a user or a business, ThePriceX will be serving all. The buyers can know the right value of the vehicle in just 60 seconds. The sellers will be able to use the tool to know the right value of their inventory and help liquidate faster. Even the used vehicle dealer can enquire price and use it as a guiding tool. ThePriceX is also beneficial for new vehicle dealers as they can get the right exchange value for the used vehicles to ensure a smooth and hassle-free transaction. With this the Insurance Companies, repo Companies, Ride & Taxi Hailing, Banks and NBFC’s will also be benefitted.” Said Sameer Malhotra, Director and CEO, Shriram Automall India Limited (SAMIL
“We are delighted to launch our new digital platform “ThePriceX”. SAMIL is a mirror of used vehicle & equipment market. From our 10 years of experience, we know the right price of every vehicle, enhanced with extensive use of data science and machine learning algorithms. We have brought a digital platform to discover the price of any vehicle type and from any source across the country. Our enterprise offering provides much deeper price analytics to increase profit and improve operational efficiency.” Said Mr Malhotra.
“ThePriceX will be quite essential for whoever deals in a used vehicle or wants to associate in future. This product will help ascertain the right risk assessment for insurance companies, repo companies, leasing companies etc. This will help trade-in for new dealers and assisting in refinancing for Banks/NBFC. As a company, we are looking forward to a greater opportunity with this!” added Mr Malhotra.
SAMil currently has about 100+ Automalls, 17,50,000+ Registered Customers, 80,000+ Sellers, 8,00,000 + Listings per year and 60,000+ Events happening every year we have been unstoppable and undoubtedly the Market Leaders in India.