Alibaba to launch car ‘vending machines’
Alibaba said it will launch “automotive vending machines” in China later this year.
The launch follows used car seller Autobahn Motors’ opening of its 15-storey showroom in Singapore last year, which was billed as the “world’s largest luxury car vending machine”.
Autobahn’s vending machine displays vehicles in 60 slots, with customers on the ground floor able to choose from a touchscreen display the car they wish to see.
Alibaba will allow buyers to browse cars on their smartphones and press the buy button, which then releases the car from a vertical display tower.
Alibaba plans to plug its vending machines into its online system that incorporates financing and data about a car buyer’s credit rating. Buyers with a high enough credit rating from Alibaba’s scoring system will be able to drive off in their car after providing a deposit and paying monthly installments thereafter.