“This alliance involves an effort to attract customers in a country with low credit penetration,” said the head of Mercado Libre’s cars in Mexico, Jaime Ugalde, quoted by the Reuters agency.
As explained by the country manager of Creditas, Gabriela Rolon, lots of used cars are already being recruited to join the platform, and the two companies hope to expand the pre-owned offers throughout Mexico starting with the capital, Mexico City. .
“This is also very good for sellers,” Rolon said, citing the ease of transactions, adding that prospective buyers will be able to purchase car lots knowing that a specific amount has been approved for their down payment.
In Mexico, demand for used cars has increased along with supply chain disruptions for 0 km, exacerbated by the pandemic and the Russian invasion of Ukraine, according to experts.
In the first half of this year, searches by Mercado Libre users for cars with less than 40,000 kilometers and less than five years old doubled. The alliance has already been activated with some publications on the site, where a button appears to send a request with Creditas. “I think that for someone who, for example, wants their first car and has no credit history, it can be a super option for someone who wants an older car, which is perhaps cheaper because it is enough for them,” Ugalde concluded. .
Source: Ambito
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