CARFIRST ACHIEVEMENTS WITHIN FIRST SIX MONTHS
LAHORE, 5th JULY 2017: Strong demand, national expansion,
fueled by innovation and implementation of international best practices, served
as primary drivers of success for CarFirst. CarFirst provides car
sellers a safe and hassle free process to get their cars inspected and sold at
a fair price within an hour in which CarFirst even processes the payment.
CarFirst also provides a first of its kind online auction platform for used-cars
in Pakistan. CarFirst’s App, provides their private network of buyers the
fastest way to find the perfect car that fits their buyers’ needs.
Raja Murad Khan, Co-Founder and CEO of CarFirst
stated: “We started CarFirst with a vision to reinvent how used cars are traded
in Pakistan through technology and infrastructure creation. We started our
operations with a two man team in small home-office in Lahore and bought a
Mehran as our first official purchase. We developed a unique model where we
make this a one window solutions offering competitive prices and a very secure
experience to sellers. Within six months, we have achieved tremendous growth
and are now held by the Frontier Car Group with 115 employees and currently
operating in Karachi, Lahore, and Islamabad, with plans to expand in other
major cities across Pakistan.”
CARFIRST KEY SUCCESS MILESTONES:
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CarFirst, raised one of Pakistan’s biggest
round of series ‘A’ funding to reinvent the used car sales sector.
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CarFirst has been growing rapidly, and has grown its trading volume by
1100% since inception.
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Since inception CarFirst’s Customer Service Center has seen a 280%
increase and managed to bring over three thousand customers in for inspections
from all over the country, with 10 active centers and 4 more coming online in
July 2017.
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CarFirst’s Purchase Centers have seen an increase from 6 inspections per day per center
to over 12 a day, resulting in over 3500 inspections. We now see an average of
10 inspections from walk in customers.
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CarFirst launched its Online
Auction Platform through its Auction
App on Android and the iOS platforms in May of 2017. Since then, over 200
private network of buyers have installed the app.
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Within two months the CarFirst
Auction Platform has managed over 250 successful bids, by more than 70
buyers across Lahore, Karachi, and Islamabad. CarFirst sees huge opportunity in
bringing a bigger chunk of the market on its platform.
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