Pioneer Auctions hosts 2022’s first live auction to navigate surge in demand for second-hand cars in UAE

Pioneer Auctions hosts 2022’s first live auction to navigate surge in demand for second-hand cars in UAE

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UAE
  • Date: 15-Jan-2022
  • Source: Gulf Today
  • Sector: Transport
  • Country: UAE
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Pioneer Auctions hosts 2022’s first live auction to navigate surge in demand for second-hand cars in UAE

Last year brought the demand for pre-owned vehicles to center stage, giving the industry a massive boost in terms of growth and potential. 2022, is forecasted to ride high on this trend, as customers opt for gently used vehicles due to the shortage in supply or the wait time to own a brand-new automobile. In view of the recent events and witnessing the roaring success of last year, one of the UAE's leading government-accredited auction houses, Pioneer Auctions hosted this year’s first live auction session and it was attended by customers and displayed various offerings. The pre-owned automobile market is witnessing a substantial increase in interest by customers in the GCC and worldwide. Pioneer Auctions has been in the middle of navigating the rapidly growing demand for the second-hand automobile industry. With the reduced supply of brand-new automobiles from agencies during COVID-19 in 2020, the demand for used automobiles increased, and sellers began seeking ways to profit from the situation by selling their vehicles through auction firms, car trading organisations, and other means. Established in 2008, Pioneer Auctions was one of the first auction houses in the UAE to allow customers to bid in real-time through its live-streaming services. The

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