Cango Haoche’s Display Function Drives Auto Sales

SHANGHAI, Jan. 12, 2022 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”), a major automotive transaction company platform in China, currently announced that “Cango Haoche,” its B2B WeChat mini system delivering auto dealers with a person-stop transaction, logistics, finance, and insurance coverage companies, is getting traction with dealers and driving profits thanks to its new automobile screen functionality. Cango Haoche is the cornerstone of Cango’s automobile trading transaction organization, an vital expansion engine for the Company as it evolves into a in depth automotive transaction company platform.

Cango Haoche’s new auto display screen services gives sellers a broad wide variety of display automobiles at very low selling prices with totally free delivery to support them improve product sales quantity, enhance effectiveness and improved entice and keep customers. Due to the fact the new function’s start, Cango Haoche has obtained programs from a whole of 350 dealers, virtually 100 of which are by now displaying their automobiles on the platform. As of currently, Cango Haoche has a overall of 6,000-moreover dealer partners covering 283 metropolitan areas in 31 provinces, featuring 74 self-operated car or truck styles from 12 manufacturers and 27 car or truck series. Cango Haoche has amassed around 2 million clicks since its debut in May 2021, and the proportion of energetic car or truck sellers has arrived at 20{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, noticeably boosting Cango’s reputation as an automotive buying and selling transaction companies platform.

Mr. Qin from Kunming Yunchejie Auto Gross sales Companies Co., Ltd., Cango’s long-time vendor partner, is 1 of Cango Haoche’s initial registered end users. He routinely utilizes Cango Haoche’s car or truck look for and screen functions to gain useful current market insights and diversify his vehicle shows.

In the course of the COVID-19 pandemic, customer visits to Mr. Qin’s offline automobile display screen rooms dwindled due to lessened local demand from customers. Simply because offline interaction was no more time possible, final April Mr. Qin commenced endeavours to connect people to his offline suppliers making use of on the internet instruments.

Mr. Qin introduced limited-type video and reside streaming in his on line interactions with purchasers, but soon realized that display motor vehicles from a solitary brand were not enough to fulfill his audience’s numerous requires. He gathered opinions from his reside streaming viewers about brand names and types of curiosity and tried to exhibit them one by one particular. Nevertheless, he was plagued by a string of difficulties, these kinds of as confined facts sources, enormous financial investment requirements and sophisticated methods.

Cango Haoche’s new auto exhibit perform was the excellent remedy for Mr. Qin. He merely submitted an software for show autos online, which was promptly processed by Cango’s professionals online and offline. The exhibit vehicles he requested have been immediately shipped to his retailers inside of two days.

Mr. Qin was impressed by the performance of the assistance. “Reduced rate is just one portion of the equation,” he stated. “Cango Haoche’s platform gives these types of a wide array of motor vehicle types that I can simply obtain people I want to fulfill community car or truck buyers’ needs at the proper selling price and have them shipped right to my merchants. It’s an extremely economical and hassle-free support.”

As of the finish of the 3rd quarter, we experienced cooperated with infrastructure assistance suppliers to set up a complete of 108 warehouses masking 89 metropolitan areas across the region, which considerably shortens Cango’s logistics radius in lower-tier marketplaces. Cango’s standardized back again-close perform product also permits an effective evaluate approach, facilitating quickly delivery of display screen versions.

Mr. Qin has acquired out two exhibit cars given that his adoption of the display screen functionality and renewed his car or truck displays a few moments. He has seasoned considerable performance advancements in buyer retention from his are living streaming classes, a wider variety of personal facts left by opportunity prospects and a noteworthy boost in the number of orders put. Mr. Qin’s story is not unique – Cango has gained overwhelmingly optimistic vendor responses on Cango Haoche’s car or truck display purpose and expects the feature’s level of popularity to continue to boost supplier adoption and stickiness.

Cango has been devoted to the lower-tier automotive marketplace for more than a 10 years. Its expansive channel community features nationwide protection and deep roots in decreased-tier marketplaces, benefiting a total of 50,000 medium- and smaller-sized dealers. Cango Haoche is a essential device for helping reduced-tier market place sellers stand out from the competitiveness. By forging a link in between data, trading, logistics, finance and insurance coverage, Cango Haoche drives sales and elevates dealers’ efficiency and support high quality, empowering them to establish an fantastic brand name name.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service system in China connecting dealers, economical institutions, car or truck customers, and other business members. Established in 2010 by a group of pioneers in China’s automotive finance marketplace, the Company is headquartered in Shanghai and engages vehicle purchasers as a result of a nationwide supplier network. The Firm’s companies largely consist of automotive funding facilitation, car or truck investing transactions, and just after-sector providers facilitation. By making use of its competitive advantages in know-how, data insights, and cloud-based infrastructure, Cango is equipped to connect its platform members though bringing them a premium user expertise. Cango’s platform product puts it in a one of a kind placement to insert value for its system participants and business companions as the automotive and mobility markets in China continue to mature and evolve. For more information, please take a look at: www.cangoonline.com.

Media Call:

Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
E-mail: [email protected]
Twitter: https://twitter.com/Cango_Group

Source Cango Inc.