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 August 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:            949-487-7295

As  of  August  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 and six months ended August 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

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<PAGE>

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

CURRENT ASSETS

    Cash . . . . . . . . . . . . . . . . . . . . . . . .  $     597   $     607
                                                          ----------  ----------

TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . .        597         607

TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . .  $     597   $     607
                                                          ==========  ==========


      LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

  Accounts payable - related party . . . . . . . . . . .  $ 121,201   $  93,350
  Note payable - related party . . . . . . . . . . . . .      1,700       1,700
                                                          ----------  ----------

Total Liabilities. . . . . . . . . . . . . . . . . . . .  $ 122,901   $  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) . . . . . . . . . . . . .   (275,621)   (247,760)
                                                          ----------  ----------

Total Stockholders' Equity . . . . . . . . . . . . . . .   (122,304)    (94,443)
                                                          ----------  ----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY . . . . . . .  $     597   $     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 June    From June    From March  From March    March 24,
                             1, 2002 to  1, 2001 to   1, 2002 to   1, 2001 to  1999 through
                             August 31,  August 31,   August 31,   August 31,   August 31,
                              2002         2001         2002         2001         2002
                           -----------  -----------  -----------  -----------  -----------
<S>                        <C>          <C>          <C>          <C>          <C>
Revenues. . . . . . . . .  $      -0-   $      -0-   $      -0-   $      -0-   $      -0-
                           -----------  -----------  -----------  -----------  -----------

Net Loss from Operations.      21,601        7,930       27,861       15,760      275,621
                           -----------  -----------  -----------  -----------  -----------

Net Income (Loss) . . . .  $  (21,601)  $   (7,930)  $  (27,861)  $  (15,760)  $ (275,621)
                           ===========  ===========  ===========  ===========  ===========

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

Weighted Average
    Shares Outstanding. .   8,281,500    7,981,500    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   From March   March 24,
                                   1, 2002 to   1, 2001 to 1999 through
                                    August 31,  August 31,  August 31,
                                       2002       2001        2002
                                     ---------  ---------  ----------
<S>                                  <C>        <C>        <C>
Operating activities

Net Income (Loss) . . . . . . . . .  $(27,861)  $(15,760)  $(275,621)
Items not effecting cash
Stock issued for services . . . . .         0          0      36,817
Increase in accounts receivable . .         0     (4,400)          0
Increase in accounts payable. . . .    27,851     17,438     121,201
                                     ---------  ---------  ----------

Net Cash from Operations. . . . . .       (10)    (2,722)   (117,603)
                                     ---------  ---------  ----------

Cash from financing activities

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

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

Increase (Decrease) in Cash . . . .       (10)    (2,722)        597

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

Ending Cash . . . . . . . . . . . .  $    597   $    607   $     597
                                     =========  =========  ==========

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
                                 August 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 August 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.

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<PAGE>

ITEM  2.  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION.

(A)  PLAN  OF  OPERATION.  Our  Plan of Operation and Financial requirements are
unchanged  from  our  previous  Quarterly Report, except that current market and
economic  conditions  have  resulted  in  a  period  of  delay,  in  start-up.

     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 previous 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.

      (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.

                                        6
<PAGE>

                           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 August 31, 2002, has been signed
below  by  the  following person on behalf of the Registrant and in the capacity
and  on  the  date  indicated.

     By  signing this Quarterly Report, the undersigned hereby certify: (1) This
Report  fully  complies  with  the requirements of section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and (2) The information contained in the Report
fairly presents, in all material respects, the financial condition and result of
operations  of  the  Company.



Dated:  October  3,  2002

                                FIRST AUTO, INC.


                                       by

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

                                        7
<PAGE>

--------------------------------------------------------------------------------

                                   EXHIBIT A2

                               CONSENT OF OFFICER

--------------------------------------------------------------------------------

                                        8
<PAGE>

                 CERITIFICATION PURSUANT TO 18 USC SECTION 1350

     In connection with this Quarterly Report on Form 10-QSB, I, J. Dan Sifford,
president/director of this Registrant Company, hereby certify(s), to the best of
my  knowledge  and  belief:

(1)  This report fully complies with  the requirements of section 13(a) or 15(d)
of  the  Securities  Exchange  Act  of  1934;  and

(2)  The  information  contained in this report fairly presents, in all material
aspects,  the  financial  condition and results of operations of this Registrant
Company.


 Dated:  October  7,  2002


                              /s/J. Dan Sifford
                                 J. Dan Sifford
                               president/director

                                        9
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