Online used-car platform Cars24 and Dubai premium used-car retailer Alba Cars have combined, with Alba Cars' operating businesses now part of the wider Cars24 global group, Gulf News reported. Together they retail more than 1,000 vehicles a month across the UAE. Alba Cars alone has more than 200 staff and about 300 sales a month.
Both companies were founded in 2015. Cars24 operates in India, the UAE and Australia and contributes its technology platform, financing capabilities and infrastructure. Alba Cars contributes its retail presence and brand in the UAE. The companies told customers to expect more vehicle choice, better financing options and stronger aftersales services.
Alba Cars will keep its brand, team and leadership, while some support operations will move gradually onto Cars24 systems. The partners plan to expand retail operations and digital capabilities in the region. The article did not disclose financial terms.
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Gulf News — insurance ↗This is an original summary of the linked report, selected by our GCC market monitor. Facts are attributed to the publication.