UAE

UAE: Buyers Drive Away With Vehicles at Half-Price in Car Auction

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.

More than 2,000 people gathered in Sharjah Industrial Area 2 on Sunday evening, to attend the car auction by Marhaba Auctions. 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. Car enthusiasts and potential buyers were treated to a variety of options.

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

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Source
Khaleej Times

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