Purchasing cars always requires a lot of research. People used to go to car dealerships and meet with individuals to buy old cars. The process was very tedious as people had to examine the vehicle before physically completing the transaction. Car paperwork is another tedious process that car buyers and sellers have to perform during the process. Like many others, the hassle of buying a car offline has led people to look for online options. The buying and selling of new and used cars online are vast and expected to grow over the next few years.
The automotive industry has undergone many changes in recent years, primarily through online car purchases and e-Commerce app development. These apps have reinvented car purchases for many, allowing customers to buy new and used cars online at an affordable price. OweBest Technologies is one of the popular android and ios application development companies. With a team of skilled developers, we help you develop future-ready apps considering the recent trends and technologies.
Rent-a-car App Revenue Model
The car rental service provides users with cars and other luxury goods. There is a reason why this business helps service providers generate revenue and operate efficiently without disrupting their revenue model. Let's take a look at the revenue sources of car rental companies. Car fleet of their own
It requires service providers to build large businesses with significant investments. The company needs to buy cars and assign them to another driver. Earn the basic charge for the service you specify. Drivers are paid monthly or on a performance basis. One of Hertz's most popular apps follows this business model. Commission-based
Car owners get the platform in one of the car service apps and receive money for each booking. A certain amount of their revenue is paid to the app development team. Another option available on this model is for the car owner to leave the car to the driver to make a reservation and drive in the city. Turo is one such app that follows this model.
What Are The Types of Car Rental?
These Car rental companies meet different users' needs by choosing the right software development company for their eCommerce app. These are different types of mobile car rental apps available on the market:
Self-Driven Car Rental: In this category, users book a rental car, drive it themselves, and are billed based on the car they choose and the number of hours they rent a car. Car rental for companies- This service provides convenience to business customers by providing vehicles for use in the office.
Outpost Car Service manages travel bookings for travelers traveling to other cities and federal states. It allows them to book a car for a longer time.
Local car rental allows users to access the car hourly, half-day, or daily. Pick-up and drop-off at the airport are also included.
Why Should Companies Choose A Used Car Marketplace App Solution?
Businesses can grab audiences' attention by leveraging car marketplace app solutions to bridge the gap between car sellers and buyers.
There will come a time when each vehicle proprietor may need to promote their antique vehicle and purchase a brand new one. The second-hand vehicle mobile market is vast; however, shopping for and promoting a used vehicle shouldn't be a hassle. A used car app answer helps buyers find and add the best automobile in shape to feature in their collection. It helps to promote antique motors at total cost without supplier intervention. Above all, the company can hire mobile app developers to develop a car eCommerce app that places the numerous automobile stock at customers` fingertips. Meanwhile, a car marketplace app solution with a modern, easy-to-use interface makes buyers-dealers flow in no time.
What Features Are Required to Develop a Multi-vendor Car E-commerce App like TrueCar?
Features draw the attention of the buyers to the app and retain them. There are a few features of an eCommerce car that every application should have:
- Extensive range of products and a catalog display (Used/ new cars)
- Search and comparison option (product features, cost, model, etc.)
- Push notifications/ Offers
- Numerous payment gateways
- Search filters
- Review, ratings and feedback
How to Develop An Automated E-commerce App?
It is essential to hire a mobile app developer with a successful e-commerce automated app development history to develop a successful app. The right e-commerce app development team can help in building unique features that can create the desired app. Following are the steps to follow in app development:
- Understanding the App's Business Model like TrueCar. This application works with retailers in the United States. Customers can search for any manufacturer, car model, and offer in this application. They are assured with a minimum guaranteed price through this application.
- It is essential to pay attention to prototyping and wireframing while developing the app. Wireframes are the basic layout and structural guidelines for the app. Prototypes are advanced design models for the app.
- App Development is an essential step in e-commerce app development. The app development team transforms the app by adding distinct features and characteristics.
- Test and Launch is the final step. To test the app to ensure it's free of flaws and bugs. The application can be published on the Play Store after the app has passed Quality Assurance.
How Much Does it Cost to Develop An App Like TrueCar?
Several factors influence the cost to develop an app. The cost varies from one project to another based on their requirements.
The Right Hire:
The first factor to consider while developing an eCommerce app is to hire the right software development company or freelancing. Choosing the right Multi-vendor Car Ecommerce App development company can mitigate the risk project holds.
For an application like TrueCar or Car Rental, the company should hire mobile app developers and app development agencies to build a cross-platform app. Because these apps require a whole developer team. Companies can also hire an android app development company or an iOS app development company to make an android app or ios app. To run the application successfully, companies need mobile app developers to build a car marketplace app solution for the right software development company.
Features of the Project/App:
Features are an essential part of an application to give the app a competitive edge. It determines the look and design of the app. You can make your app successful with valuable features. Adding complex features in the application can cost more than simple features, as complex functions require more time and effort.
Project Management Costs:
Project management is a very timely activity. A project manager usually works with a project and handles the work scope. It makes sure the teams are performing effectively and efficiently. A project management team looks at the schedule setting and maintains the Quality (bug fixes and improvement). All software development companies provide project management as a service. Payment ways of these services vary as some companies calculate per hour and others have fixed prices.
Some other factors considered by an app development team are:
- Size of the project
- Add-ons and integrations
- Hourly/ fixed rates of the developers
- The geographic location of the developers
The cost of development varies in different countries. For example, if a company hire mobile app developers in Asia, the price of a software development company would cost somewhere between $20,000- $50,000. In comparison, the price of a software development company can be much higher in European companies.
In the End
Companies should consider creating their automotive software or apps from scratch. It can help them to connect with their customers personally. It can increase the use of its app and the services it offers by offering offers and posting promotions in your app. If companies want to give their customers a superior car buying experience at an affordable price, they can develop an app like TrueCar. Creating the best app for the needs requires prior knowledge in the industry, so companies need to know which mobile app developers they are hiring and the cost of app development.
OweBest Technologies can help you simplify the complete process with a team of professionals. We help you convert your idea into reality considering the future trends and technologies you must use to remain relevant in future. Our team of experts holds years of rich experience and allows you to explore more opportunities in your business. To know more, connect with us.