Youxinpai, a used car auction site owned by the China-based No.1 classified 58.com, has entered into collaboration with Shandong Yuantong Group automotive distribution service company. Uxinpai will leverage its long-standing experience in used car auctions to help Yuantong Group improve the quality and efficiency of its used car business, the companies said.
Shandong Yuantong Group, established in 1976, operates an industrial service chain that covers the entire life cycle of automotive services. According to its statistics, it has 19 automotive service parks in Shandong Province, and 102 4S dealerships in Shandong and Anhui Provinces. It represents 32 automotive brands, serves over 3 million customers, sells over 110,000 vehicles of various types annually, and generates total operating revenue exceeding 20 billion yuan.
Youxinpai used car auction, launched by a leading China-based automotive marketplace Uxin in 2011 and sold to 58.com in 2020, is a leading online used car auction operator in China, providing full-process used car auction services including vehicle condition verification, secure payment, after-sales service and remote logistics.
