OLX Autos Crosses US$1B In Second-Hand Car Transactions

OLX Group, a global network of trading platforms, reveals that OLX Autos, a second-hand car trade platform present in 10 countries across Asia and the Americas, has surpassed US$1 billion in sales since its formation in January 2020.

Every month, around half a million cars are listed for sale by consumers and dealers on OLX Autos classifieds platforms In India, Indonesia, and Latin America. OLX Autos attributes its rapid growth to offering customer solutions for car sellers, car buyers, and dealers, via its integrated online and offline capabilities.

By bringing offline and online services together into a unified customer experience, OLX Autos offers a simplified car transaction process that aims to bring trustworthiness and peace of mind to one of life’s most high-stakes transactions. 

OLX Autos has further accelerated its product development and customer experience in response to the Covid-19 pandemic, developing proprietary technology to pioneer home and self-inspection services. In this way, car sellers can use their mobile phone to capture their car data, take photos, upload videos, record audio of the engine, and get the convenience of a fair valuation from the comfort of their own home.

Gautam Thakar, CEO of OLX Autos said: “At the heart of what we do is innovate to solve customer pain points, and we keep finding more ways to make the car transaction process as pain-free and satisfying as it can possibly be. Introducing home and self car inspections during Covid-19 has helped our customers cope with the lockdown period that hit many of our markets, when car inspection centres had to close their doors for a time.”

“We use data, technology, and artificial intelligence to provide to a seller the car’s fair price, while offering buyers insurance and guarantees to provide peace of mind during what otherwise can be one of life's most stressful transactions,” Thakar concluded.