With the full implementation of the new policy on second-hand cars, the constraints in the market have been gradually removed, and the blockages have been opened. The effect of the policy is gradually emerging, and the second-hand car market has entered a new stage of development. According to data released by the China Automobile Dealers Association, from December 25 to December 31, 2023, the average daily transaction volume of the used car market reached 6410,000 units, up 67%, a year-on-year increase of 46%。This data shows the positive impact of the policy on the market, and also brings good development opportunities for the industry. As an industry leader, Tiantian Pai Che actively responds to policies, deepens its layout, and leads the transformation of the second-hand car market.
The implementation of the new policy has injected new vitality into the second-hand car market. The removal of constraints and the opening of blockages make second-hand car transactions more convenient and transparent. With keen market insight, Tiantian Pai Che quickly grasps policy opportunities and provides better services for consumers and car dealers through innovative service models and technology applications.
In the field of new energy vehicles, every day is at the forefront of the industry. Through the establishment of an innovative new energy vehicle testing system and the introduction of advanced data analysis technology, a comprehensive assessment of the vehicle condition is carried out to ensure the reliable quality of new energy used vehicles. In addition, the "Certification Report" warranty service jointly launched with third-party partners such as Ping An Insurance provides consumers with more peace of mind.
Intelligent upgrade empowered by science and technology. Driven by innovative technology, Tiantian Pai Che continues to realize the intelligent upgrade of second-hand car transactions. Through the application of industry data and large model training, they have successfully implemented the application of AI quality inspection, AI outbound calls, and intelligent customer service. These innovative technologies not only improve the efficiency of transactions, but also bring users a higher quality service experience.
The power of technology boosts the development of second-hand car trading. As one of the largest online second-hand car trading service platforms in China, Tiantian Paiche has become a market leader with its technical strength and high-quality services. Through the application of AI technology, Tiantian Pai Che has improved the effect of vehicle source detection and ensured the reliability and transparency of the transaction process. The application of audio algorithms helps AI outbound calls and quality inspection, effectively improving the efficiency and monitoring level of transaction communication. In addition, the accurate matching brought by the recommendation algorithm allows car dealers and car sources to be successfully matched, which further promotes business growth.
User experience and service upgrades. Tiantian Paixo has always focused on user experience, and continuously improved the quality of transaction services through the empowerment of technology. They uphold the principles of fairness, justice and openness, and provide car dealers and car owners with a good price, fast and assured trading experience. At the same time, through the application of technology products and big data, Tiantian Pai Che continues to improve operational efficiency and service quality, so that users can enjoy a more convenient and efficient second-hand car trading experience.
Looking forward to the future, with the further expansion of the second-hand car market and consumers' pursuit of high-quality services, in the context of the full implementation of the new policy, Tiantian Pai Che will continue to give full play to its core advantages and work with partners to promote the healthy development of the second-hand car market. At the same time, we will continue to explore new business models and development opportunities to contribute to the sustainable development of the industry.