The Company provides a friendly, one-stop, hassle-free retail environment for used car customers. Car King is well known for its “no-haggle” prices, extensive 232-item car inspection and certification process, free 30-day warranty and 7-day “no questions asked” return/exchange policy, many of which were first introduced to the Chinese used car industry by Car King. Car King’s services include used car sales & purchases, certifications, appraisals, exchanges, financing (through referrals to 3rd parties), insurance, maintenance & repair, extended warranty and after sales service.
The Company currently has 4 direct-operated car supermalls, 2 direct-operated smaller stores and 3 franchise stores with 94,680 sqm of total floor space, located in Shanghai, Tianjin, Wuxi, Kunshan, Chengdu and Haikou.
With its foundation in Shanghai, Car King has expanded to the western and southern parts of China. The Company intends to expand directly operated stores in Tier 1 and Tier 2 cities, supplemented by JV and franchise stores in Tier 3 and Tier 4 cities.