Uxin Launches Proprietary Used Car Rating System Nasdaq:UXIN

Uxin Launches Proprietary Used Car Rating System Nasdaq:UXIN

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BEIJING, Oct. 22, 2020 (GLOBE NEWSWIRE) — Uxin Restricted (“Uxin” or the “Firm”) (Nasdaq: UXIN), a number one nationwide on-line used automobile seller in China, just lately launched a proprietary score system that assesses and determines a used automobile’s situation, gives better transparency to facilitate the decision-making course of for patrons and improves the general buyer expertise.

Uxin has been devoted to providing clients nice value-for-money used vehicles and a best-in-class automobile shopping for expertise by constantly upgrading its on-line services. After the Firm remodeled and migrated its complete transaction course of on-line in April of this yr, it got down to develop a used automobile score system with a view to additional enhance the shopping for expertise. By leveraging its huge knowledge analytics capabilities, Uxin constructed a proprietary automobile score system by analyzing the large used car-related knowledge that has been aggregated by its platform over time, comparable to automobile age, mileage, exterior and inside situation, driving and working circumstances, and the correlation between such metrics and pricing. Now, when clients seek for used vehicles on Uxin’s cellular utility or web site, they are going to discover a “like-new” rating positioned on every automobile that delivers an easy studying of the automobile’s situation and allows the straightforward comparability of various used vehicles on a buyer’s brief listing.

Along with the score system, Uxin additionally created a group of auto consultants to handpick used vehicles from a nationwide pool. On the profile web page of all vehicles, there may be additionally a advice that has been compiled by Uxin’s professionals to specify why the automobile could be price shopping for.

(“Like-new” tag with every automobile; and buy advice by Uxin automobile professional on automobile profile web page)

Mr. Kun Dai, Founder, Chairman and Chief Government Officer of Uxin, mentioned, “Offering well timed transparency on the standard of our vehicles and their value-for-money profiles are key to incomes belief in our model and producing word-of-month referrals, which is the muse for the long-term progress of our enterprise. With the assistance of our score system that grades a used automobile’s situation in contrast with a model new one, we’ve been capable of improve the shopping for expertise for customers of our platform by making a extra intuitive sense of the standard of the automobile that they’re getting for the cash. Our dedication is to supply high quality value-for-money used vehicles, and we’ve all the time been guided by the concept we solely wish to promote a automobile to our clients that we might additionally promote to our most liked family and friends. We imagine this philosophy is one of the simplest ways to realize sustainable success.”

AboutUxin
Uxin Restricted (Nasdaq: UXIN) is a number one nationwide on-line used automobile seller in China. With its choices of high-quality used vehicles and premium companies, Uxin’s mission is to allow folks to purchase the automobile of their alternative on-line. Uxin’s one-stop on-line shopping center gives customers with a nationwide collection of value-for-money used vehicles, numerous value-added services in addition to complete aftersales companies. Its on-line gross sales consultants supply skilled consulting to facilitate a handy and environment friendly automobile buy for customers in a well timed style. Its complete achievement community helps nationwide logistics and supply in addition to title transfers between totally different cities throughout China in order to meet these on-line transactions.

Secure Harbor Assertion
This announcement comprises forward-looking statements. These statements are made below the “secure harbor” provisions of the US Personal Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology comparable to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and related statements. Uxin may make written or oral forward-looking statements in its periodic studies to the SEC, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic info, together with statements about Uxin’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a lot of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: Uxin’s purpose and methods; its growth plans; its future enterprise growth, monetary situation and outcomes of operations; Uxin’s expectations concerning demand for, and market acceptance of, its companies; its capacity to supply differentiated and superior buyer expertise, preserve and improve buyer belief in its platform, and assess and mitigate numerous dangers, together with credit score; its expectations concerning sustaining and increasing its relationships with enterprise companions, together with financing companions; traits and competitors in China’s used automobile e-commerce business; the legal guidelines and rules regarding Uxin’s business; the overall financial and enterprise circumstances; and assumptions underlying or associated to any of the foregoing. Additional info concerning these and different dangers is included in Uxin’s filings with the SEC. All info offered on this press launch and within the attachments is as of the date of this press launch, and Uxin doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant regulation.

For investor and media enquiries, please contact:
Nancy Tune
Uxin Investor Relations
Tel: +86 10 5691-6765
E-mail: [email protected]

Eric Yuan
Christensen
Tel: +86 10 5900 1548
E-mail: [email protected]

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