NEW DELHI: In a first for the country, online marketplace for pre-owned vehicles Droom has launched a national repository for Used Vehicle History. Monickered 'Droom History', it curates historical data to deliver in-depth information about a vehicle's background to address issues related to a vehicle's safety.

"The market for used automobiles in India does not match up to those in the US and Western Europe because of lack of trust, owing to unavailability of verified information about a pre-owned vehicle," says founder & CEO of Droom, Sandeep Aggarwal. "With Droom History, we are trying to provide vital vehicle-related information to prospective buyers within minutes, fostering greater trust and transparency in this segment," he adds.

The process of generating the Droom History report for a vehicle has been made simple. All users have to do is enter the vehicle's VIN or registration number and check for the availability of the report. If the vehicle report is available in Droom's database, users can make an online payment to get the report within half an hour.

With this, the company has vehicle information in over 18 unique data fields from 1000+ RTOs across the country. It currently has information about more than 19 crore private and commercial vehicles in its database.

"The used vehicle market in India often faces issues such as low transparency and a distinct lack of trust between buyers and sellers. We aim to plug this information gap with Droom History," says Senior Director - Product and Technology at Droom, Somendra S. Rathore. "Integrating disparate IT systems and producing our own data science and machine tools over the past nine months has been a colossal task, but we are confident that India will embrace a more digitally-driven economy," he adds.