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Get to know OLX Autos

OLX Autos was the automotive business unit of the global marketplace operator OLX Group, which is owned by the Dutch tech investor Prosus. Launched as an evolution of the traditional classifieds model, OLX Autos operated a "consumer-to-business-to-consumer" (C2B2C) platform. It offered services for individuals to sell their cars directly to the company through a network of physical inspection centers, after which OLX Autos would recondition and sell the vehicles to other consumers and dealers. The platform aimed to bring trust, transparency, and convenience to the complex used car market. However, in mid-2023, Prosus announced the shutdown of OLX Autos operations in most markets, citing poor macroeconomic conditions and the significant investment required to achieve profitability.

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OLX Autos

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

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From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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