According to Egypt-based auto marketplace ContactCars, its average number of paid dealer subscriptions grew by 116% year on year (y-o-y) during the first quarter of 2024. However, it did not provide an absolute figure.

ContactCars converted all non-paying listings to paid ads last year.

It added that unique monthly users averaged 1.0 million during the quarter, while the number of classified car page views rose 51% y-o-y to 7.7 million.

“Going forward, ContactCars will continue to grow its primary product lines and expand the services offered to b-to-b dealers in the Delta region,” the company said.

“Additionally, ContactCars intends to utilize AI-powered user segmentation to personalize its customers’ user experience, increase advertising revenue and strengthen user retention.”

Founded in 2002, ContactCars is a subsidiary of Contact Financial Holding SAE, which has also invested in c-to-b auto vertical Carzami and acquired car-valuation software provider Sa3ar Technology Solutions. Last year, ContactCars launched a motorcycle segment.

Its main rivals are Eg.Hatla2ee.com and horizontal marketplace Dubizzle.com.eg (formerly OLX.com.eg).

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