The used car selling process has been broken since the creation of the first modern automobile. The industry has had some innovations, but at the end of the day the problems our great grandparents suffered when selling their car are still there.
To sell a car online you need to take several pictures of your car, upload them to the web, be patient with spam, bring strangers to your place, and eventually deal with a lot of paperwork where the chances of something going wrong are high.
Alternatively, if you decide to visit a car dealer, –as dealers suffer inventory and lemon risk- you will need to accept huge discounts. Dealers will rarely give you an offer on the phone, forcing you to visit at least 4 or 5 dealers if you are a diligent person. Terrible experience…
At InstaCarro, the company we founded in 2015, all that a seller needs to do to sell his car is show up at one of our inspection centers where his car will be inspected, and auctioned online with +1500 dealers nationwide.
This process guarantees to any seller that shows up at InstaCarro that in 60 minutes (30 for inspection and 30 for auction) he will be going back home with his car sold at a decent price.
Lately many people have been asking me what will be the great next thing in the automobile industry. My answer so far has been that it’s really difficult to know. To be true, as human beings we have been pretty bad in predicting the future.
In 1954 people thought a personal computer in 2004 would fill in a complete room, and in 1903 the president of the Michigan Savings Bank advised Henry Ford’s lawyer, “The horse is here to stay but the automobile is only a novelty – a fad.”
In the last years we’ve all been talking basically about the same things. I have a high degree of confidence that the next big thing will suddenly arise from nothing and will be something none of us was expecting.
And this happens because our brain feels comfortable thinking in straight line, while progress happens exponentially, in revolutions.
I’m confident that in the next 10 years there will be far more changes than there has been in the last 100. And this is because cars are becoming computers with wheels and computers advance at the rate of the Moore law. In 1903 we already predicted cars would disappear, lets not make the same mistake again.
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