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Thursday, Jun 01, 2023 | Thul-Qidah 12, 1444

02:20:00
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CAR AUCTION IN UAE: BUYERS DRIVE AWAY IN VEHICLE AT HALF-PRICE


WITH A SELECTION OF 360 PRE-OWNED CARS AVAILABLE FOR LIVE BIDDING, THE EVENT
AIMED TO CATER TO A DIVERSE RANGE OF PREFERENCES AND BUDGETS

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by


NANDINI SIRCAR

Published: Tue 23 May 2023, 6:00 AM

Last updated: Wed 24 May 2023, 4:09 PM

Car enthusiasts, buyers, and sellers struck a bargain at what is billed as the
largest live car auction in the UAE. According to organisers, some participants
drove away in cars worth Dh40,000 by buying them at Dh20,000.

Buyers seized the chance to get their hands on deals on second-hand cars that
would have otherwise cost them almost double at a dealership.

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More than 2,000 people gathered in Sharjah Industrial Area 2 on Sunday evening,
to attend the auction by Marhaba Auctions.


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With a selection of 360 pre-owned cars available for live bidding, the event
aimed to cater to a diverse range of preferences and budgets.

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Car enthusiasts and potential buyers were treated to a variety of options.

All cars set for auction were available for inspection in advance and were
guaranteed to be on “green light,” which meant any single bid of Dhs500 or more
could win the car.



Speaking to Khaleej Times Zubair Rashidi, Executive Director of the Marhaba
Auctions says, “People could bid on cars very cheap 30 to 40 per cent below
market price. They could win gold bars and smart TVs and smartphones and a bunch
of other prizes. It really was a show. We had all types of mixed type models,
all types of prices, luxury, premium, economy, cars, all sorts of mixed types
for people. So, we can cater to the demand that's out there in the market. So,
here the focus was mainly on cars that fall into the economy class.”

He adds, “So, let's put it this way. You go to the auto market, and you buy a
car for let's say Dh40,000 but here you will be able to get that same car
between Dh20,000 to Dh25,000.”

For those unable to attend in person, the auction was broadcast via live stream.

“We pull out a few cars that we break down into different categories. Many cars
go into the high end, which is the Land Rover Defenders, we have the Range Rover
vogue, the Range Rover sport cars, we have the Mercedes S Class, the BMW X5 and
the BMW X7. So those are the luxury cars that we put in the auction.”



Marhaba Auctions is a car auction house, conducting six auctions a week, from
two operating branches in Souq Al Haraj – Sharjah Auto Village, and Sharjah
Industrial Area 2.



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 * UAE
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NANDINI SIRCAR

 * nandini@khaleejtimes.com








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