Groupe PSA is stepping up its international expansion in the used car business

Groupe PSA is stepping up its international expansion in the used car business investing in FengChe, founded in Shanghai in 2015.

FengChe is a leading expert in used car supply chain management and transaction services in China. It provides a used car management and sales operations system, B2B transaction platforms and strategic used car business advice to OEMs, dealership groups, used car markets and large and medium-sized used car dealers.

FengChe aims to improve used car dealers’ business operations and profitability by providing customers with an integrated solution, including a reliable used car appraisal system, business process management, sourcing channel management, used car online and offline sales operations, dealer inventory monitoring, auto financing and after-sales management.