Cars45 Announces New Product Offerings; Partners Fintechs and Banks

Cars45 Announces New Product Offerings

Nigeria’s leading tech-enabled automotive trading platform, Cars45, announced some products offerings that include GoMechanic45, an aftermarket service for car repair. The company also disclosed that is has has made incursions into other strategic area in the automobile business.

This, according to Cars45, was redefine the future of automotive trade.Cars45 said customers would be provided with a brand experience that helps with smarter buying and selling choices.

At an interactive session in Lagos last Thursday, Chief Executive Officer of Cars45, Soumobroto “Sunny” Ganguly said meeting the expectations of the customers and stakeholders was a major goal.

The company, he said, intensifies efforts at solving the challenges across the automotive value chain from new, to used, logistics, aftermarket and repair services and scrap vehicles while the business continues to grow on the back of innovation and technology.

“Cars45 has moved into over 12 cities across the country and two others in Africa. We have a growing franchise dealer network coupled with our Autopreneur support system that has empowered so many young people financially,” he said.

On the recent management changes, Ganguly noted that Frontier Car Group (FCG) which had invested in Cars45 Series A fund raise in May 2017 was acquired by OLX Group in November 2019 to demonstrate their ambition to lead the online market for used cars.  Cars45 has now been fully integrated as a proud member of the OLX Autos family.

The Cars45 boss said the company was into Institutional and Corporate Sales to corporate and government institutions.

This, he said, will solve issues around fleet liquidation and valuation as well as supply while adding value to their automotive needs and unlocking new levers of growth and productivity.

“We also have an International Trade services christened as EasyShipDirect. It is an importation service to acquire cars and help the government realise revenue via the payment of import duties. Cars45 has partnered financial institutions – fintechs and banks to provide vehicle financing services to both consumers and car dealers,” he added.

Head of Marketing and Communications, Shola Adekoya added that the company would ensure that car-buying and ownership becomes a seamless experience for consumers.

Head of Lead Management & Marketplace, Patricia Duru, said Cars45 prioritised the delivery of a customer experience for  stakeholders.

The briefing was attended by senior management executives from Cars45 that include: Head, Finance, Elizabeth Iyi-Eweka; Head, Technical Operations, Pankaj Bohra and Head, People Operations and Central Support Services, Olajumoke Obembe amongst others.



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