The UAE’s top-rated site for buying and selling used cars, CarSwitch, has announced its official launch in Saudi Arabia, as part of the company’s wider expansion strategy.
The announcement comes after a successful soft launch in the Kingdom early this year. In Saudi Arabia, CarSwitch will be targeting the $8 billion pre-owned automotive market through the firm’s unique approach to the auto industry, providing both used car buyers and sellers better prices through direct seller-to-buyer deals and complete transparency.
The retailer manages the entire transaction cycle for customers starting with its proprietary 200-point inspection protocol, verified vehicle condition history, professional photography and online check-out for every car. The CarSwitch platform guides customers through the entire process with a fully customizable and interactive buying and selling dashboard.
Launched in 2016, as an innovative industry disrupter for the used car sector in the UAE, Carswitch has grown to become one of the leading independent used car retail operations in the region. Over the last five years, the platform has grown over 32x now with annual car sales nearing $100 million and has become one of the highest-rated automotive experiences in both iOS App and Google Play Store
“Introducing CarSwitch to Saudi Arabia was always part of our expansion strategy as the Kingdom is the largest market in the Middle East. During 2020, the market adapted to the pandemic very well and we anticipate it growing significantly in the next few years. Over 3 million female drivers alone joined the auto sector in the last 12 months and we have been keen to make sure that the platform offers them an environment that is attuned to their needs.”
CarSwitch has raised over $10 million in venture funding to date, to develop an innovative customer-centric platform that completely reinvents the process of buying or selling used cars. For sellers, the service offers guided prices, convenience and access to a wider range of potential buyers. The buyers are able to benefit from increased variety, quality and transparency about their potential purchase.