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Vicky.in launches an online valuation tool for used bikes

vicky_inAutomobile classifieds service Vicky.in, has introduced an online tool that will help one determine the value of a used two-wheeler.

One needs to enter the details of the two-wheeler along with contact details to get the information from the website. The tool lists a fair, average and maximum price one can get for the vehicle and it will help vehicle owners reduce their dependence on agents and brokers to find out the price of a vehicle.

The company did a trial for the tool when it was in beta and has decided to offer it as a free service to vehicle owners for now. It will however, charge dealers who want to use the tool, but it has not stated how much the service would cost. It’s an interesting monetization model, but it is not clear if dealers are actually looking for such a tool to figure out the sale price of a used bike. It would make more sense for the company to start a third-party verification process for used bikes, much like what Mahindra offers. Apart from suggesting the suitable price, it can also give a detailed report about the condition of the bike to a prospective buyer.

Vicky.in’s tool is similar to Quikr’s ‘maximum selling price’ concept, which lets users determine the right value of a used product. It is worth noting that Vicky.in already has a similar tool for evaluating the price of used cars and that was created in association with IndianBlueBook. It is not clear if the company charges dealers for using this tool.

Competition: Other websites that let you sell used two wheelers in India include ZigWheels, Bikewale and Bikes4Sale, apart from Quikr, Click.in and OLX. It is not clear when these other platforms plan to integrate such a feature any time soon.

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