[imagesource: Facebook / getWorth]
Since launching back in 2017, pre-owned vehicle company getWorth has been an industry leader, developing highly innovative products and artificial intelligence-based solutions in a rapidly changing market.
It comes as no surprise, then, that Motus Holdings, South Africa’s leading automotive group, recently acquired a 49% stake in getWorth.
With the automotive industry having to react to cash-strapped consumers who are increasingly opting to buy used cars, Motus felt like the time was right, CEO Osman Arbee told Engineering News:
“getWorth has developed highly innovative products and artificial intelligence-based solutions that we will deploy through the group.
“getWorth is also breaking new ground in integrating the physical and online worlds with new retail formats.”
Once a seller has given getWorth the necessary car details, the company accesses the vehicle data and sends the seller an offer.
They use live market data, not generic values, to determine the offer, and pay an upfront cash amount to the seller, with a bonus paid once the car is sold.
getWorth co-founder Jamie Surkont said the company is “eager to unlock the potential in our business with this strategic investment,” ahead of their flagship signature retail space launching in Cape Town by year-end, followed by one in Gauteng.
The aim there is for the space to have the feel of an airport slow lounge, kitted out with a trendy coffee bar serving complimentary cappuccinos, where you can receive or sell your car within 30 to 35 minutes.
With the consumer shift to buying pre-owned cars likely to continue for years to come, getWorth’s innovative products, including getSeven and the ‘30-day promise’, ensure that buyers and sellers have peace of mind throughout the process, with steps in place to protect both parties should any issues arise.
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