Sell Your Motors opens its 5th branch in the UAE to provide residents with marketplace transparency while selling their car in less than 30 minutes
an online peer-to-peer marketplace for pre-owned cars in the UAE expands its footprint in the region, with the opening of its 5th branch at Tunisia Court in Ibn Battuta Mall.
The opening provides one more venue for UAE car owners to access an easy, efficient, and hassle-free way to sell their car. As part of their comprehensive support to the community, the team also offers value-added services including paper transfer, payment of fines, clearance of car loan and obtain a clearance certificate.
The market of pre-owned vehicles in the UAE is in the maturity stage and has grown constantly in the last few years. The market size by transaction value has registered a single digit growth in the last 5 year with an increase in the volume and average price of the pre-owned cars and reduction in average car ownership period.
Complimenting the efforts of the team for carrying forward the company’s vision to expand and deliver quality service, Anshed Mulla, Managing Director and Founder at SellYourMotors.com commented, “Pre-owned car industry is a highly competitive market. Residents of this country are highly passionate about their cars and are also digital savvy. The process we follow at SellYourMotors.com is a simple and straightforward one, with transparency at its heart. The opening of our new branch underlines our commitment to provide a seamless car selling process for all car owners in Dubai and in the UAE.”
According to Frost & Sullivan, UAE’s pre-owned car industry is worth more than $14.2 billion, and this is expected to grow to $18.2 billion by 2025. According to a report by Researchandmarkets.com, the market size for used cars in the UAE by transaction value is expected to grow at a faster pace at double digit growth rate as compared to volume growth by 2022. Revival of the country’s economy, improving quality of cars and declining age of old cars are some of the factors which will help the market to grow in the future both in terms of value and volume.
Since Sell Your Motors launched in 2017, the company has seen an 150% increase year-on-year in people selling cars. Furthermore, in March 2021, Sell Your Motors assisted more than 1500 customers sell their cars with expectations that this number will only increase.
Sell Your Motors specializes in buying pre-owned vehicles for instant cash in hand. The company also offers a free valuation on all cars regardless of its condition. In addition to the free evaluation, Sell Your Motors helps its customers resolve complex mortgage cases with banks, while clearing any pending traffic fines to ensure a hassle-free transaction. This includes the management of RTA transfers, setting up of power of attorneys for customer’s located overseas and all relevant paperwork to simplify the selling of used vehicles in the UAE.
“We offer instant cash in hand at the best guaranteed price for those looking to sell their cars taking all the hassle out of the sale process. We are thrilled to be expanding our offerings in the UAE and have plans to extend our service offerings to customers in Abu Dhabi,” added Mr. Mulla.
As part of their CSR initiative, the company is encouraging kids to donate their clean and working condition toy cars, trucks and trains in exchange for toy shop vouchers. These gift donations will be then sent to children in third world countries to have some car fun.