CAR Group (OTCMKTS:CSXXY) is a China-based provider of integrated automotive services, specializing in the sourcing, trading and logistics of used vehicles. Established in 2015 and headquartered in Shanghai, the company operates an online business-to-business marketplace that connects automobile dealers across more than 200 cities in China. CAR Group’s platform offers real-time inventory information, auction services and wholesale transactions, enabling dealer-to-dealer sales of passenger cars and commercial vehicles.
In addition to its core wholesale marketplace, CAR Group provides complementary services designed to streamline the used-vehicle lifecycle. These include vehicle inspection and appraisal, transportation and delivery coordination, as well as fintech solutions such as inventory financing and consumer leasing programs. The company has built partnerships with leading banks and insurance firms to support credit underwriting and risk management, which helps dealers manage working capital and improve cash flow.
Since its founding, CAR Group has pursued strategic expansion through technology investments and selective acquisitions. The company’s proprietary data analytics engine aggregates market pricing and demand indicators, allowing dealers to optimize buying and selling decisions. In 2019, CAR Group acquired a regional auto-auction operator to strengthen its footprint in northeast China, and has since launched mobile inspection teams and digital documentation services to accelerate transaction speed.
Leadership at CAR Group is led by CEO Zhou Zhixin, who brings more than 15 years of experience in automotive retail and digital platforms. Under his direction, the company has grown dealer memberships to over 3,000 partners and processed tens of thousands of wholesale transactions annually. With a focus on technology-driven efficiency and dealer collaboration, CAR Group aims to become the leading used-car trading network in the Asia-Pacific region.
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