Estimation question

Estimate the number of cars sold through cars24 since the first lockdown of COVID19 (March 2020).

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What this question tests

Structured estimation over a defined time period, combining market context with growth assumptions.

How to approach it

  1. Clarify scope: total used cars sold through Cars24 from March 2020 to the interview date, roughly 5 to 6 years.
  2. Estimate a starting monthly sales volume for Cars24 around the 2020 lockdown, using general awareness of the used-car platform market in India.
  3. Assume a growth trajectory, since platforms like Cars24 scaled significantly post-pandemic as used-car buying moved online.
  4. Break the period into rough phases (2020 lockdown dip, 2021-2023 growth, 2024-2026 maturity) with a different monthly estimate for each.
  5. Sum the estimated monthly volumes across each phase times the months in that phase to get a cumulative total.
  6. State the result as a wide range, acknowledging high uncertainty in a private company's growth curve.

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