Significant Growth in Retail Transaction Volume
Uxin's quarterly retail transaction volume reached 6,005 units, representing a sequential increase of 47% and a year-over-year growth of 163%.
Improved Gross Profit Margin
Gross profit margin expanded to 7%, marking a new high since transitioning to a self-operated business.
High Customer Satisfaction
Customer satisfaction with purchasing vehicles from Uxin has remained at the highest level in the industry for 11 consecutive quarters with a Net Promoter Score rising to 66%.
Recognition as Corporate Standard Leader
Uxin was named a corporate standard leader in China's used car industry by 8 government ministries, including the State Administration for Market Regulation and the National Development and Reform Commission.
Adjusted EBITDA Profitability at Superstore Level
Achieved adjusted EBITDA profitability at the superstore level this quarter, with the goal of company-wide adjusted EBITDA profitability in the upcoming December quarter.
Expansion into New Markets
Entered into a corporation agreement with the city of Wuhan, with superstores in Zhengzhou and Wuhan expected to commence operations next year.