Uxin reports transaction volume growth of 93.6% in Q4 of 2018

Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), the largest used car e-commerce platform in China, today announced its financial results unaudited for the fourth quarter and full Year ended December 31, 2018.

Uxin transaction volume for the 2C business increased to 168,395 units in the fourth quarter of 2018, representing Year-on-Year growth of 93.6%. Total revenues in the fourth quarter were RMB 1,136.7 million (US$165.6 million), representing Year-on-Year growth of 61.6%. Uxin transaction volume for the 2C business increased to 494,826 units in the full Year 2018, representing Year-on-Year growth of 74.3%. Total revenues in the full Year 2018 were RMB 3,315.4 million (US$483.1 million), representing Year-on-Year growth of 69.9%.

Dai Kun, Founder, Chairman and Chief Executive Officer of Uxin, said, “We experienced an exponential growth in cross-regional transactions, with transaction volume exceeding 10,000 used cars in December alone, and over 22,000 in the fourth quarter. This reflects the revolutionary impact of our business model on China’s used car supply chain, as well as growing appreciation of Uxin’s brand and services.”

Uxin online presence is bolstered by an offline network of more than 670 service centers in over 270 cities throughout China.