How does Dubicar make money?

The Dubicars business model is straightforward. A used car marketplace mobile app like Dubicar is the best platform for buying and selling a car at the right price while also having multiple ways to make money. The majority of Dubicars' revenue is generated by the commission it charges dealers who sell cars via the app.

Dubicars also makes money by allowing other companies to post advertisements on the app, promote their own brands, and provide dealers with location-based featured listings.

DubiCars Business Model

At the same time that the world is rapidly moving toward digital solutions, businesses are rapidly shifting away from traditional platforms and toward digital ones. However, if they want to create a car buy-sell app like DubiCars, automotive investors face a significant challenge in determining how to maximise the income potential of their company investments.

Listing Charges

If you are developing a business model for an aggregator and providing a gateway to use your user base, you will have a great opportunity to charge sellers a listing fee. If this were the case, it would be a fantastic opportunity for you. You can increase the revenue you generate from your app by limiting the number of listings in it to a certain number.

Commission fees are assessed at the time of purchase.

This type of monetization strategy is ideal for automotive investors looking to develop car buy-sell apps like DubiCars because it allows them to charge vendors a commission fee on each transaction completed on the app. You can specify a fixed amount to be deducted from the purchase or a percentage based on a number of different scales.

Advertisement within the app

Giving third-party car companies a spot in your app where they can run advertisements is a great idea, and you can charge them for it. This alternative will be extremely beneficial. You should position advertisements that are relevant to this type of income stream to increase client engagement.

These are a few potential revenue streams for your app that you may want to investigate, but before you hire an app developer, you may be wondering how much it would cost to create car buy/sell apps like DubiCars.

Why Create a Car Buying and Selling Mobile App? - Market Size and Data

Despite the fact that the market for used cars has grown over the last ten years, the market for new cars has shrunk. People prefer to buy used vehicles that are offered at low prices and are displayed on the app.

According to Indian Bluebook, approximately 3.6 million new cars were sold in 2018-19, while approximately 4 million used cars were sold and bought.

Take a look at the cars sold between 2010 and 2020 in terms of both factors combined, according to Statista.

The automobile industry anticipates a decrease in unit sales this year. According to projections, 59.5 million units will be sold globally in 2020, representing a 20% decrease from current sales.

In 2022, the Used Car Dealers market in the United States will generate $146.5 billion in revenue.

According to a Technavio report, the used car market share in the United States is expected to increase by 3.91 million units between 2020 and 2025, with the market growing at a CAGR of 1.98%.

The Advantages of the Car Buy Sell Mobile App for Dealers

They can easily manage the bookings made for their services through the app.

They can set up an online time slot for a buyer to test drive the car. It also contributes to the development of customer trust.

Dealers can respond quickly and effectively to any questions posed by users without wasting time or losing the user's interest in a car they like.

It is simple to obtain customer feedback on the vehicle by using an app. Customers can leave positive feedback about an app's services in a dedicated section.

Because they are linked to secure payment gateways, these apps are dependable and secure.

For the Customers

A user's primary concern is the price that a seller may offer for his car.

They won't have to worry because, thanks to the app, the seller will provide them with a quote for their desired car right away.

Buyers can compare the prices of each car from the comfort of their own homes, saving them the time and effort of searching the market for vehicles and visiting various showrooms.

Because of the large number of people who list their vehicles on these apps, buyers have a wide range of options to choose from.

Customers can schedule test drives in addition to making purchases and interacting with dealers. Customers can now test drive used cars for sale in the same way that they can brand-new vehicles.

For the Automotive Industry

The app makes it simple to integrate the car's inventory both online and offline.

Another significant benefit that the industry enjoys is providing roadside assistance and extending warranty services to car owners.

In order for the transfer to be secure, the car must pass through a number of checkpoints before entering the app's space.

Features to Consider When Creating a Car Buy-Sell Platform Like Dubicars

Register or Login

Before completing a transaction, these apps, like all others, require users to create a username and password. Users can now quickly and easily register for the app using any social media account. When they sign up with their social media account, all of their information is automatically updated in the back end, so they don't have to enter it all over again.

Before completing a transaction, these apps, like all others, require users to create a username and password. Users can now quickly and easily register for the app using any social media account. When they sign up with their social media account, all of their information is automatically updated in the back end, so they don't have to enter it all over again.

Camera in the App

This one-of-a-kind feature allows users to take photos of their used cars directly from the app and upload them to the website. When buying and selling used cars, a total of 10-15 images, including both the interior and exterior of the vehicle, are permitted. These images would be used by the buyer to decide whether or not to purchase the car.

Notification via Push

It increases user engagement by keeping them informed about all cars that enter the app. If the administrator is running any promotions, discounts, or lucrative offers, they can also send push messages to their users, giving them a sense of belonging.

CRM (Customer Relation Management) (Customer Relation Management)

Giving users the best experience possible and maintaining a relationship with them are two of the most important considerations for any app developer. This is one of those features. Along with all of this, the CRM secures customer data and manages newsletters, analytics, and customer data.

Car comparison websites

A user searches the used car market for the most affordable price for a vehicle. As a result, it is a critical feature of the app that not only allows users to compare the prices of the cars available through the app, but also allows them to identify differences in terms of the car's mileage, specifications, and so on. Furthermore, this feature promotes users' long-term health.

Integration of a chatbot

Personal assistance is essential for gaining your customers' trust. As a result, it is critical for a used car selling and buying app to include chatbots to assist users if they encounter any issues while using the app.

Model in three dimensions

The app should take advantage of the numerous advantages that technological advancements now offer by providing users with a 3D view of the inside and outside of the vehicle. The prospective buyer can move his cursor in all directions to get a better look at the car.

Calculator for Loans

One of the main concerns a buyer has when purchasing a car is the EMI payment. This worry can be alleviated, however, by a feature that allows app users to estimate their monthly EMI payments, making it easier for buyers to decide which car to buy.

Make use of the car valuation tool.

Users can use this feature to learn the average price of a car based on its condition, ensuring that their investment will be worthwhile. Furthermore, it aids in price evaluation based on the car's brand, model, and total number of miles travelled.

GPS monitoring

This feature allows buyers to communicate with nearby sellers. As a result, they will only interact with those who are easily accessible rather than wasting time and effort with those who are out of reach.

Analysis in real time

This feature allows the administrator to keep track of how many vehicles are listed for sale and how many are actually sold through the app.

Make an appointment.

The buyer and seller can use this feature to arrange a meeting time and location to discuss the car. The buyer can also request a test drive at this meeting. This is also for those who want to inspect the car before purchasing it.

Emergency roadside assistance

The administrator or app developers are in charge of the platform-purchased buyer's care. When a customer's car breaks down somewhere, the admin provides roadside assistance.

Loyalty schemes

Customers' needs come first, regardless of the size of the company. As a result, an app provides them with unique loyalty programmes in order to keep them and convert them into devoted customers.

Web application for Car Buying and Selling

Not everyone will be at ease with the app or have the necessary phone storage space. As a result, used car buying and selling companies should have web applications that are accessible via a variety of devices.

Also read : Mobile App Development Company

All apps are compensated for displaying advertisements on users' screens while they use the app. If a user or customer wishes to stop seeing these advertisements, they can change their preferences to suit their needs and remove any irrelevant advertisements.