OLX-GROUP
Today, OLX Group, a leading global network of trading platforms, reveals that OLX Autos, an innovation leader for second-hand car trade in 10 countries across Asia and the Americas, has surpassed US$1 billion in sales since its formation in January 2020.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210824005386/en/
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:
- Car sellers benefit from access to free valuation of their car, through either an in-person inspection at one of 450+ authorised OLX Autos inspection centres or a remote inspection from the comfort of their driveway. A realtime online dealer auction reaching a network of over 13K car dealers means that sellers are offered a fair market price in under an hour, offering a trusted car selling service with immediate and guaranteed payment.
- For buyers, OLX Autos offers the reassurance of a wide range of inspected and verified cars, and an option to buy "OLX Autos Certified" cars directly from OLX’s online classifieds platforms. Buyers can also opt for convenient services such as financing, insurance, and assistance with registration, which are being rolled out country by country.
- Finally, OLX Autos provides car dealers a reliable and fairly-priced source of autos inventory.
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.
OLX Autos History
OLX Autos’ journey started in 2018 with a minority investment by OLX Group in Frontier Car Group (FCG). A further $500m investment into FCG in 2019 made OLX Group a majority shareholder. Starting in January 2020, OLX and FCG blended operations in selected markets, rebranding from local brands to “OLX Autos” in most countries. For the first time in these countries, FCG’s ‘real world’ inspection centres were paired with OLX’s online car trading platforms, addressing the customers’ need of helping overcome barriers of buying or selling a car online from a stranger.
OLX Autos at a glance
- Operations (online platforms, inspection centers) in 10 countries (alphabetical): Argentina, Chile, Colombia, Ecuador, India, Indonesia, Mexico, Pakistan, Peru, and the United States.
- Every month, ~500K cars are listed on OLX Autos classifieds platforms by consumers and dealers
- 450+ inspection centres offer free car inspection with a convenient and trusted car selling service and immediate payment in 1 hour for car sellers
- Monthly inspections of ~50,000 cars
- Network of 13K+ dealers
- To date, OLX Autos has bought, sold, and inspected 400K+ cars. In FY21 ~100K cars were sold
- 4.6K+ employees assisting customers transact their cars, in 3 continents and 10 markets
- “Self-inspection” mobile app allows car sellers to inspect their own cars, and submit the data remotely - replicating the inspection center experience from the comfort of their own homes
- After a first year accelerated with growth and innovation milestones, in March 2021, consumer internet and marketplace veteran Gautam Thakar (eBay, Shopping.com, Living Social) joined as OLX Autos global CEO, based in India - the largest of OLX Autos’ markets.
#END#
About OLX Autos
OLX Autos builds advanced trading platforms for buying and selling second-hand cars. It combines online and offline services in a simple one-stop solution - bringing convenience, safety, and peace of mind to car buyers and sellers alike, and across 10 countries and three continents.
OLX Autos operates more than 450 inspection centres across Asia and the Americas, and online trading platforms for people to buy and sell cars. To date, OLX Autos has bought, sold, and inspected more than 400,000 cars.
OLX Autos is currently active in Argentina, Chile, Colombia, Ecuador, India, Indonesia, Mexico and Peru. It operates under the well-known webuyanycar.com brand in the US, and CarFirst in Pakistan.
OLX Autos is part of OLX Group, which operates one of the fastest-growing networks of trading platforms globally. It serves 322 million people every month in 30+ countries around the world, helping them buy and sell cars, find housing, get jobs, buy and sell household goods, and much more. For more information, visit www.olxgroup.com .
About OLX Group
OLX Group operates one of the fastest-growing networks of trading platforms globally. Serving 322 million people every month in 30+ countries around the world, OLX Group helps them buy and sell cars, find housing, get jobs, buy and sell household goods, and much more. With more than 20 well-loved local brands including Avito, OLX, OLX Autos, Otomoto, and Property24, its solutions are built to be safe, smart, and convenient for its customers.
OLX Group is powered by a team of 11,000+ people around the world, who are unified in their ambition to shape the future of trade to unlock the hidden value in everything. For more information, visit www.olxgroup.com .
OLX Group is a division of Prosus, a global consumer internet group and one of the largest technology investors in the world. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the JSE Limited (XJSE:PRX), and is majority-owned by Naspers. For more information on Prosus and its companies and investments, please visit www.prosus.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20210824005386/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Global EV Alliance Releases EV Driver Survey Results: Myths Are Slowing EV Market17.11.2025 19:19:00 CET | Press release
In a groundbreaking survey of more than 26,000 EV drivers across 30 countries, an overwhelming 77% say persistent myths about electric cars are the single biggest obstacle to EV adoption in their nations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251118388193/en/ There are still significant differences in the EV market across countries, and not everyone has a wide range of car brands to choose from. Photo: Markus Rotevatn/Norwegian EV Association. 83% say they believe policy measures are needed to increase EV sales in their country. “Misinformation about EVs is a serious challenge. It can make policymakers less confident that electric vehicles are a viable solution to climate change and local air pollution,” says Joel Levin, chair of GEVA and Director of Plug in America. One common myth in many countries is that electric cars are a fire hazard. 88% of the EV drivers in the survey say they aren’t worried about their EV b
Dilawer Farazi Returns to Loomis Sayles as Co-Head and Portfolio Manager on the Emerging Markets Debt Team17.11.2025 16:59:00 CET | Press release
Loomis, Sayles & Company is pleased to announce that Dilawer Farazi, ACA, has rejoined the firm as Co-Head and Portfolio Manager of the Emerging Markets Debt (EMD) Team. Dilawer becomes the firm’s first London-based portfolio manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251117681347/en/ Dilawer Farazi, ACA, has rejoined Loomis Sayles as Co-Head and Portfolio Manager of the Emerging Markets Debt Team Dilawer brings over two decades of experience in emerging markets credit, having previously served as a Senior Credit Research Analyst at Loomis Sayles from 2018 to 2020. He rejoins the firm from Royal London Asset Management (RLAM), where he led the Emerging Markets Credit team and managed approximately USD $1 billion in assets across EM credit. At RLAM, he launched the firm’s first dedicated emerging markets funds, including an emerging markets corporate bond fund and an emerging markets short duration credit fund. I
Duravant Announces Retirement of CEO Mike Kachmer, Names Jill Evanko Successor17.11.2025 16:13:00 CET | Press release
Mike Kachmer to retire following a distinguished 43-year career, including nearly 12 years as Chairman & CEO of Duravant Jill Evanko to succeed Mr. Kachmer as Duravant’s Chief Executive Officer Duravant LLC (“Duravant”), a global leader in advanced automation solutions, announced today that Mike Kachmer will retire from his role as Chief Executive Officer after a highly successful tenure with the company. Duravant’s Board of Directors has named Jill Evanko as CEO, joining the company on January 5, 2026. To ensure a seamless transition, Mr. Kachmer will continue to serve as Chairman of Duravant. Mr. Kachmer will also continue to serve on the Board of Directors for Northwestern Memorial Healthcare and The London Clinic. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251117036720/en/ Mike Kachmer “It has been a true honor and a humbling experience to lead this incredible company,” said Mr. Kachmer. “I am profoundly grateful to
Wolters Kluwer Enablon Control of Work Solution Now Available as Private Offer in AWS Marketplace17.11.2025 15:00:00 CET | Press release
Wolters Kluwer today announced that its Enablon Control of Work solution is now available in AWS Marketplace as a private offer. This purchasing model empowers customers to negotiate and receive tailored pricing, terms, and licensing agreements, while streamlining procurement and leveraging existing Amazon Web Services (AWS) billing workflows to accelerate deployment and optimize cloud budgets. Wolters Kluwer’s Enablon Control of Work solution consolidates permit-to-work, isolation management and risk assessments into an integrated system. Trusted by frontline workers and contractors in high-risk environments including oil & gas, pharmaceuticals, data center and manufacturing industries, the software helps streamline operations, minimize unplanned downtime and prevent serious injuries and fatalities. Richard Pulliam, SVP & General Manager of EHS & ESG for Wolters Kluwer, said: “Making Enablon's Control of Work solution available in AWS Marketplace is another step in our mission to help
Morningstar's 2026 Outlook Report Delivers Global and Regional Insights for Durable Portfolios17.11.2025 15:00:00 CET | Press release
Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today published its 2026 Outlook, offering an overview of key challenges and opportunities for the year ahead. In a market defined by uncertainty, this year’s report emphasizes the value of preparation over prediction, equipping investors with strategies to focus on fundamentals and help build resilient portfolios that withstand both booms and busts. Drawing on insights from Equity, Manager, and Behavioral research analysts worldwide, this Outlook distills Morningstar’s thinking on how to navigate opportunity and risk across every major asset class in 2026. "Markets are unpredictable, and the geopolitical and tariff uncertainty of 2025 showed just how quickly forecasts can shift. That’s why Morningstar is redefining the Outlook, focusing on durable portfolios rather than short-term predictions,” said Dan Kemp, chief research and investment officer. “No matter what market conditions the year ahead m
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom