Pakistan’s first ever used car live auction platform to be launched soon

OLX, the No.1 App in auto classifieds and CarFirst, a leading used-car trading platform, are set to launch Pakistan’s first ever ‘Used Car Live Auction Platform’. The first used car live auction will take place at the ‘OLX CarFirst Car Bazaar’ happening at the Expo Center Karachi on the 12th of August 2018.

Attendees will be able to trade their used cars in the most secure, convenient, and transparent manner. Car owners will be able to sell their used cars hassle-free, while car buyers will get access to CarFirst Partner Dealer inventory and drive home a Certified Used Car. Car owners can also pre-book free inspections and appointments to sell their car at carfirst.com. Joining CarFirst’s commitment to better the used car trading, we are proud to have PSO as our title sponsor, as well as other partners such as UBL Insurers Limited, Adamjee Insurance, and Suzuki Margalla Motors. The OLX CarFirst Car Bazaar will have amazing financing and insurance deals, fun outdoor activities, food stalls, and special giveaways for families, while car sellers will also get a chance to win CarFirst certified Daihatsu Mira.

Raja Murad Khan, CEO, and Co-Founder of CarFirst said,

“We are pleased to announce a first of its kind event for used cars in Pakistan, in response to our customers and partner dealer’s popular demand. As a part of OLX and CarFirst’s commitment to revolutionizing car trading, we are proud to share our latest innovation, ‘Used Cars Live Auction’, and are confident that it will add immense value and excitement to the car trading process.”

Bilal Bajwa, CEO of OLX Pakistan said,

“OLX and CarFirst are revolutionizing the way people buy and sell cars in Pakistan whether it is online or offline. A few months ago OLX announced a major investment in CarFirst and now we are proud to bring you Car Bazaar! Car Bazaar is a fantastic fun-filled event for anyone interested in buying/selling cars. There will be a live auction for sellers interested in getting the best price for their car – this will be the first time such a live auction has ever taken place in Pakistan. For those looking to buy, there will be many certified cars on display for purchase. In addition, people can avail amazing financing and insurance deals during the event. Hope to see you at Car Bazaar and stay tuned for more exciting stuff in the Auto space”

CarFirst is a first of its kind used-car online auction and trading platform, with a nationwide network of purchase centers and warehouses. CarFirst was founded in 2016 and has been the recipient of the largest Series ‘A’ investment in Pakistan from FCG, and the largest Series ‘B’ investment from OLX Group. CarFirst aims to revolutionize the way cars are traded in Pakistan by offering comprehensive solutions for all things related to cars, such as evaluation, certification, financing, insurance, live auctions, and many more. We aim to keep adding value across the customer’s journey, improving efficiency and transparency at every milestone of the car trading process.

OLX is the world’s largest online buying and selling platform powered by a team of 5,000 people, working on 17 brands, from 35 offices across five continents and 40 countries. In Pakistan, OLX is the No.1 Marketplace across 14 different categories. OLX gets more than 150,000 car listings every month/5000 in a day; which is 10 times bigger than any other player operating in Pakistan making it undisputed market leader. OLX generates more than 20 Million page views in a day having 5 million App downloads. Over 50,000 conversations take place daily on OLX with an ad being posted every 2 seconds a research study by Nielsen stamps this fact by indicating 87% awareness and preference level of OLX in comparison with any other tech company operating in classifieds and shopping category of Pakistan. According to SimilarWeb, OLX is Pakistan’s No.1 web platform (local domain/Engagement/Traffic).