United States
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

              [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                For the First Quarterly Period ended May 31, 2002

                       Commission File Number:  000-31759


                                FIRST AUTO, INC.

Nevada                                                                88-0423037
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)

3131  Southwest  Freeway,  Number  36,  Houston  TX                        77098
(Address  of  principal  executive  offices)                         (Zip  Code)

Registrant's  telephone  number,  including  area  code:            713-522-7550

As  of  May  31,  2002,  the  number  of  shares outstanding of the Registrant's
Common  Stock  was  8,281,500.

Transitional  Small  Business  Disclosure  Format  (check one): yes [ ]   no [X]


PART  I:  FINANCIAL  INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.

     The financial statements, for the three months ended May 31, 2002, included
herein  have  been  prepared by the Company, without audit pursuant to the rules
and  regulations  of the Securities and Exchange Commission. Certain information
and  footnotes  disclosure normally included in financial statements prepared in
accordance  with generally accepted accounting principles have been condensed or
omitted  pursuant  to  such rules and regulations, although the Company believes
that  the  disclosures  are  adequate  to  make  the information not misleading.

             The Remainder of this Page is Intentionally left Blank

                                        1
<PAGE>

                                FIRSTAUTO, INC.
                          (a Development Stage Company)
                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                            May 31,   February 28,
                                                             2002        2002
<S>                                                       <C>         <C>
      ASSETS

CURRENT ASSETS

    Cash . . . . . . . . . . . . . . . . . . . . . . . .  $     607   $     607

TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . .        607         607

TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . .  $     607   $     607
                                                          ==========  ===========


      LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

  Accounts payable - related party . . . . . . . . . . .  $  99,610   $  93,350
  Note payable - related party . . . . . . . . . . . . .      1,700       1,700

Total Liabilities. . . . . . . . . . . . . . . . . . . .  $ 101,310   $  95,050

STOCKHOLDERS' EQUITY

  Common Stock, $.001 par value; authorized 100,000,000
     shares; issued and outstanding, 8,281,500 shares. .      8,282   $   8,282

  Additional Paid-In Capital . . . . . . . . . . . . . .    145,035     145,035

  Accumulated Equity (Deficit) . . . . . . . . . . . . .   (254,020)   (247,760)

Total Stockholders' Equity . . . . . . . . . . . . . . .   (100,703)    (94,443)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY . . . . . . .  $     607   $     607
                                                          ==========  ===========
</TABLE>

                  The accompanying notes are an integral part
                         of these financial statements.

                                        2
<PAGE>

                                FIRSTAUTO, INC.
                          (a Development Stage Company)
                      STATEMENTS OF OPERATIONS (UNAUDITED)
<TABLE>
<CAPTION>
                                                      From
                                                  Inception on
                                 From March         March 24,
                                 1, 2002 to       1999 through
                                   May 31,           May 31,
                              2002         2001        2002
<S>                        <C>          <C>         <C>
Revenues. . . . . . . . .  $      -0-   $      -0-  $      -0-

Net Loss from Operations.       6,260          -0-     254,020

Net Income (Loss) . . . .  $   (6,260)  $      -0-  $ (254,020)
                           ===========  ==========  ===========

Loss per Share. . . . . .  $    (0.00)  $      -0-  $    (0.03)
                           ===========  ==========  ===========

Weighted Average
    Shares Outstanding. .   8,281,500    7,981,500   7,882,500
                           ===========  ==========  ===========
</TABLE>

                  The accompanying notes are an integral part
                         of these financial statements.

                                        3
<PAGE>

                                             FIRSTAUTO, INC.
                                      (a Development Stage Company)
                                   STATEMENTS OF CASH FLOW (UNAUDITED)
<TABLE>
<CAPTION>

                                                      From
                                                  Inception on
                                 From March         March 24,
                                 1, 2002 to       1999 through
                                   May 31,           May 31,
                              2002         2001        2002
<S>                                     <C>        <C>        <C>
  Operating activities

    Net Income (Loss). . . . . . . . .  $ (6,260)  $      0   $(254,020)
    Items not effecting cash
      Stock issued for services. . . .                           36,817
      Increase in accounts receivable.               (4,400)
      Increase in accounts payable . .     6,260      1,700      99,610
                                        ---------  ---------  ----------

  Net Cash from Operations . . . . . .         0     (2,700)   (117,593)
                                        ---------  ---------  ----------

  Cash from financing activities

    Proceeds from note payable . . . .         0                  1,700
    Cash from sale of common stock . .                          116,500
                                                               ---------

  Net Cash from financing activities .         0                118,200
                                        ---------              ---------

  Increase (Decrease) in Cash. . . . .         0     (2,700)        607

  Beginning Cash . . . . . . . . . . .       607      3,329           0
                                        ---------  ---------  ----------

  Ending Cash. . . . . . . . . . . . .  $    607   $    629   $     607
                                        =========  =========  ==========

  Cash Paid For:
    Interest . . . . . . . . . . . . .  $      0   $      0   $       0
    Taxes. . . . . . . . . . . . . . .  $      0   $      0   $       0
</TABLE>


     Non-Cash  Financing  Activities

     The Company issued 6,816,500 shares of common stock for organization costs.
These  costs  were  valued  at  $6,817  and  expensed  in  1999.

     The  Company  issued  300,000  shares  of common stock for services.  These
costs  were  valued  at  $30,000  and  expensed  in  September  2001.


                  The accompanying notes are an integral part
                         of these financial statements.

                                        4
<PAGE>

                                 FIRSTAUTO, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                  May 31, 2002


NOTES  TO  FINANCIAL  STATEMENTS

FirstAuto,  Inc. ("the Company") has elected to omit substantially all footnotes
to  the financial statements for the period ended May 31, 2002, since there have
been  no  material  changes  (other  than  indicated  in other footnotes) to the
information  previously  reported by the Company in their Annual Report filed on
Form  10-KSB  for  the  Fiscal  year  ended  February  28,  2002.

UNAUDITED  INFORMATION

The  information  furnished  herein  was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments which
are,  in the opinion of management, necessary to properly reflect the results of
the  period  presented.  The information presented is not necessarily indicative
of  the  results  from  operations  expected  for  the  full  fiscal  year.

                                        5
<PAGE>

ITEM  2.  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION.

(A)  PLAN OF OPERATION.  The plan of operation for the next twelve months begins
with  capital  formation.  As  a  practical  matter this involves perfecting our
on-going  submission  of  our  common  stock  for  quotation  on  the  OTCBB
(Over-The-Counter  Bulletin  Board).  Upon  raising  sufficient  capital we will
launch  operations.  We are not presently accepted for quotation on OTCBB or NQB
Pink  Sheets.  Our  submission  is  pending.

     The  first stage of operations will be to develop the details and structure
of  our  projected  web site and how the services will be provided to the target
audience  and  the dealers, vendors and advertisers. The second stage will be to
establish e-commerce partners for links for automotive service providers such as
insurance,  warranties,  and  financing  and  to  create  a  database of vehicle
information,  contact  information  for  dealers, and links to auto manufacturer
sites for further vehicle descriptions. The third stage is to obtain initial web
advertising  on  various  search  engines and other high traffic Internet sites.
Within  six  to  eight  months  after  receipt  of  capital  from the registered
offering,  we will be able to roll-out the web site and advertising campaign and
begin  full  operation.

      (1)  CASH REQUIREMENTS AND OF NEED FOR ADDITIONAL FUNDS, TWELVE MONTHS. We
expect  to  require substantial capital formation during the next  twelve months
of our operations. We cannot state at this time when our operations would launch
for  the following reasons. We cannot interest knowledgeable investors until our
common  stock  can  be  quoted  on the OTCBB. We cannot achieve quotation of our
common  stock  until  and  unless  this 1934 Registration of our common stock is
effective  and  clear  of  comments  by the staff of the Securities and Exchange
Commission. We would expect our principal shareholder to provide interim funding
until  such  time  as  we can attract investors. Realistically, we would require
$1,000,000  to  launch.  We  would expect to require an additional $1,000,000 to
sustain  us in operations for the first twelve months. Accordingly, we expect to
require  an  additional  $1,000,000 for the first twelve months of operation. We
would  need  to interest knowledgeable investors to fund our initial launch, and
would  expect  to raise that first $2,000,000 by the sale of common stock. It is
possible that with a successful first funding and launch of operations, we would
be  able  to  secure  interim loan financing to enable us to expand our business
sufficiently  to  make  further  capital formation more attractive to investors.

     There  is  no assurance that our funding plans will be realized or that our
requirements will be met. If we are not able to achieve this requirement, we may
not  be  able  to  become  or continue as a going concern. In this connection we
refer to Note 2 of our audited financial statements: "The accompanying financial
statements have been prepared assuming that the Company will continue as a going
concern.  The  Company is dependent upon raising capital to continue operations.
The  financial  statements do not include any adjustments that might result from
the  outcome  of  this  uncertainty. It is management's plan to raise capital in
order  to define their operations, thus creating operating revenues." We further
refer  to  Note  3:  "The  Company  is a development stage company as defined in
Financial  Accounting  Standards  Board  Statement  7.  It  is  concentrating
substantially  all  its  efforts  in raising capital and developing its business
operations  in  order  to  generate  significant  revenues.

     We  do not anticipate any contingency upon which we would voluntarily cease
filing  reports  with the SEC, even though we may cease to be required to do so.
It  is  in our compelling interest to report our affairs quarterly, annually and
currently,  as  the  case  may  be,  generally  to  provide  accessible  public
information  to  interested  parties,  and  also  specifically  to  maintain its
qualification  for  the OTCBB, if and when the Issuer's intended application for
submission  be  effective.

      (2)  SUMMARY  OF  PRODUCT  RESEARCH  AND  DEVELOPMENT.  None.

      (3)  EXPECTED  PURCHASE  OR SALE OF PLANT AND SIGNIFICANT EQUIPMENT. None.

                                        6
<PAGE>

      (4)  EXPECTED  SIGNIFICANT CHANGE IN THE NUMBER OF EMPLOYEES. None for the
present.  Following  launch of operations, we would expect to require a staff of
employees.  The  number  required  would  grow  as  our  operations  might grow.

(B)  DISCUSSION  AND  ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  have  enjoyed  no  revenues  since inception. We had no expenses during this
reporting  quarter.

(C)  FUTURE  PROSPECTS.  We have disclosed an ambitious business plan. There can
be  no  assurance  that our plan will succeed in whole or in part. We may not be
able  to  achieve  our  funding requirements. Even if substantial funding proves
available,  there  is  no  assurance that our business will prove competitive or
profitable.  Our  business  may  fail  for  any  number  of  possible unforeseen
contingencies.  Start-up  ventures  such  as ours are inherently speculative and
fraught  with risks of business failure. While management believes that its plan
contains  the  strategy  for  success,  the  road to failure is filled with good
intentions  and  missed  opportunities.  Caution must be expressed at this early
stage  of  our  development,  that  we  may be disappointed in our expectations.


                          PART  II:  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.  None

ITEM  2.  CHANGE  IN  SECURITIES.  None

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.  None

ITEM  4.  SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITY  HOLDERS.  None

ITEM  5.  OTHER  INFORMATION.  None

ITEM  6.  REPORTS  ON  FORM  8-K.  None

                                   SIGNATURES


     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-Q  Report  for  the  second Quarter ended May 31, 2002, has been signed
below  by  the  following person on behalf of the Registrant and in the capacity
and  on  the  date  indicated.


Dated:  July  10,  2002

                                FIRST AUTO, INC.


                                       by

                                /s/J. Dan Sifford
                                 J. Dan Sifford
                               President/Director

                                        7
<PAGE>