Dubizzle announces second round of acquisitions

dubizzle motors expands offerings for used car sellers and buyers with the acquisition of Expat Wheels and Wecashanycar

Press Release

Dubai: dubizzle, the largest classifieds platform in the UAE, has announced its second round of major acquisitions with two Dubai-based companies, Expat Wheels and Wecashanycar. This investment marks dubizzle’s first-ever acquisition under the Motors section and solidifies its aspiration to offer more value to used car buyers and sellers in the UAE.

dubizzle Motors has the largest market share in terms of traffic, users, and number of listings in the UAE. With the acquisitions, the platform now offers more value and

choice by providing solutions for every type of used car seller through two new services – ‘Sell it For Me’ and ‘Cash it For Me.’

‘Sell if For Me’ offers sellers a convenient and safe solution by managing the sale process from end-to- end, at the best possible price, while simultaneously giving buyers peace of mind via a 240-point pre-purchase inspection. For sellers seeking an instant cash proposition, ‘Cash it For Me’ offers a liquid and transparent solution via a live auction platform connected to dubizzle’s 600+ professional dealers. “This acquisition marks a milestone for dubizzle Motors as we are expanding our services to cater to the needs of all types of used car sellers. By being closer to the transaction, we aim to make the entire process more convenient and transparent for both private and professional users,” commented Jean-Pierre Mondalek, General Manager, dubizzle Motors.

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Expat Wheels powers dubizzle’s ‘Sell it For Me’ service Expat Wheels, a hassle-free car-trade business founded in 1994, revolutionized the way consumers buy and sell cars by acting as a well-connected and trusted intermediary. The service relieves sellers of managing the ad listing, buyer negotiations, and RTA transfer, whilst ensuring the car is sold for a fair market price. Used car buyers can rely on a full 240-point check inspection and verification of the car ahead of purchase, providing an additional layer of transparency and protection.

“The ‘Sell it For Me’ service on dubizzle Motors has been successful since its soft launch in December 2016. Since then, we have supported over 1,000 UAE residents sell their cars. We are passionate car experts with deep knowledge and expertise in the UAE vehicle transfer process and our mission is to relieve car sellers from the stress and hassle of the journey,” commented Matthew Davidson, Managing Director of

Expat Wheels.

The service starts with a thorough physical inspection of the vehicle’s condition and an estimate of its fair market price by Expat Wheels. Once the bottom price is agreed with the seller, Expat Wheels will professionally photograph, advertise, and feature the car on dubizzle Motors as a ‘Verified Car’ and manage all inquiries, viewings, and negotiations. It will even handle the vehicle transfer process at the RTA. The cost of the ‘Sell it For Me’ service is AED 499, which is paid online through dubizzle. Once the car is sold, a success fee of AED 2,500 will be deducted from the sale price. The total cost of this value-added service is less than the average value typically lost in negotiations between buyers and sellers on the platform, presenting tremendous value for UAE used car sellers. Wecashanycar powers dubizzle’s ‘Cash it For Me’ service

dubizzle’s all-new ‘Cash it For Me’ service provides an alternative, transparent solution for those looking for an instant cash proposition. Founded three years ago, Wecashanycar has the largest active dealer network, ensuring sellers get the highest possible value on their used car without worrying about the hassle of selling it themselves, negotiating the price, or dealing with long paperwork processes.

“‘Cash it For Me’ provides UAE car sellers a quick and transparent solution; the service is ideal for sellers short on time or just want a quick cash exit from their vehicle. As a result of the dubizzle acquisition, we are able to obtain the highest possible trade price for sellers by having access to the largest network of dealers bidding for used car inventory on the Wecashanycar auction platform,” commented Faiyaz Chand and Nasrullah Chaudhry, Co-founders of Wecashanycar.com.

“The acquisitions of Expat Wheels and Wecashanycar provide dubizzle Motors with the offline expertise and value-added services that complement our core online ad listings solution. As a result, we offer UAE car sellers more choice and value and car buyers more trust and transparency than any other used car marketplace in the UAE,” concluded Mondalek.

-Ends-

About dubizzle:

dubizzle is the leading classifieds platform for users in the United Arab Emirates. Since its launch in 2005, dubizzle has become the number one platform for users to buy, sell, or find anything in their community. A community where underused goods are redistributed to fill a new need, and become wanted again, where non-product assets such as space, skills and money are exchanged and traded in new ways that don’t always require centralized institutions or ‘middlemen’.

Dubizzle is an OLX Group company:

The OLX Group operates a network of online trading platforms in over 40 countries. It builds market-leading classifieds marketplaces that empower millions of people to buy, sell and create prosperity in local communities. With over 300 million monthly users worldwide, OLX Group makes it fast and easy to buy and sell almost anything online, such as household goods, phones, cars, and houses. Through consumer brands including Avito, dubizzle, letgo, OLX, Stradia and Storia, more than 10 million things are exchanged on its market-leading apps and platforms every single month. The OLX Group is powered by a team of 4,000 people, operating from 25+ offices across five continents. The team is united behind a single mission to enhance people’s lives by facilitating win-win exchanges. OLX Arabia is actively expanding in the MENA region in Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar and Saudi Arabia.

© Press Release 2018
UNITED ARAB EMIRATES OLX GROUP

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