New B2B used car service launched in UAE

New B2B used car service launched in UAE

Autorola A/S and Al-Futtaim Automotive have come together to launch a new joint-venture – Autorola Middle East & North Africa (Mena) Holding Limited – to reinvent the region’s B2B used-car market. This joint venture will introduce an integrated and end-to-end digital platform for the industry.

The pre-owned automobile industry in the UAE is now valued at $14 billion and is forecast to rise quickly to $20.5 billion by 2025 with an anticipated compunded annual growth rate (CAGR) of 10-12 per cent. However, the current state of the used-car market is faced with many legacy challenges and pain-points experienced by regional automotive companies, such as: Limited by manual processes and excel-based workflows, inconsistent pricing, in-person auctions that take place once a week, no vehicle inspection, decentralised remarketing processes and siloed decision-making. The new joint-venture’s digital platform will address these key pain points for all automotive companies and used-car traders within the region.

Autorola A/S is a global leader in online vehicle remarketing and automotive IT solutions, operating in 19 countries. The global platform had more than 55,000 active dealers and 815,000 cars auctioned in 2021, with existing clients that include banks, rental dealers, leasing dealers, and others.

With Autorola Mena, the digital platform is