Before the design phase, multiple meetings with the stakeholders were held to understand the idea behind the brand, their USP and vision. Then we moved into looking for data on premium and vintage cars, the sales, demand, target market and information available to prospective customers. We found that even though the market is a niche one, there were quite a competition. Other findings included:
- Surging Demand: Vintage car market demand and sales have been consistently growing at an average rate of 9% annually
- Lack of Centralised Info: Current market lacks a centralised source for comprehensive information on luxury cars
- Transparency Concerns: Buyers express concerns about limited transparency in listings and auctions.
- Digital Shift: The industry is gradually shifting towards online platforms and auctions.