BWI: CarTrade Leads the Way in Helping Consumers and Companies Dispose Cars Impacted by the Chennai Floods

Source : CarTrade.com Friday, February 5, 2016 5:50PM IST (12:20PM GMT)   CarTrade Leads the Way in Helping Consumers and Companies Dispose Cars Impacted by the Chennai Floods   Mumbai, Maharashtra, India The Chennai floods have impacted more than 80,000 vehicles with nearly 20,000 vehicles being declared “beyond repair” and in urgent requirement of assistance with disposal. CarTrade.com, the leader in auctioning total-loss vehicles, and with expertise in auctioning nearly 250,000 assets every year is helping insurance companies to dispose these assets.   With its world-class online auction platform, robust yard sale facilities and the largest pool of pertinent buyers, CarTrade has already addressed 2000+ vehicles last month and is expecting 10,000 additional vehicles to be lined-up for its upcoming online and yard auctions in Chennai.   “With the sudden influx of these vehicles, there is a need for consumers to get their insurance claims fulfilled urgently. We as leaders in this segment have enhanced our presence in Chennai so that all the affected parties can get timely redressal. Our nationwide spread of auction buyers and our best in class expertise ensure fair wreck values for both consumers and insurance companies” says Ravi Mehra, President Auctions at CarTrade.com.   CarTrade.com has a tie-up with every major insurance company. It offers end-to-end services including parking, towing and basic refurbishment facilities for all assets in its parking lots. It has the largest on-ground support team to facilitate a smooth transaction between consumers and buyers.   With its promise of trustworthy and hassle-free auctioning services for both consumers and companies, CarTrade.com is mobilising its robust infrastructure to ensure speedy and efficient compensation to affected parties in Chennai.   To know more about their online auctions, please visit www.cartradeexchange.in.   About CarTrade   CarTrade.com together with Carwale is India’s largest auto classifieds platform, attracting 32 million consumers every month to buy and sell new as well as used cars. The company works with 10,000+ new and used car dealers from all over the country. For more information, visit www.cartrade.com.   CarTrade has been founded by Vinay Sanghi in 2009. Existing investors include Warburg Pincus, JP Morgan, Temasek, March Capital and Epiphany ventures.   Media Contact Details Khushboo Purohit, Value 360 Communications, ,+91-9819303885 , khushboo@value360india.com   To ensure that you continue to receive email from Business Wire India in your inbox, please add businesswireindia.com to your Address Book or Safe List.   To submit a press release, click here. To unsubscribe or modify your Business Wire India settings, please visit your profile page on Business Wire India. Connect with us on: Facebook | Twitter | Google+