Who buys cars during a strict lockdown with zero mobility? No one. But who buys cars when they realise they’ll need a vehicle when things start to open up—in a world where taking public transport is a life risk? Definitely a good number of people. According to a consumer survey run by Malaysian used car…
Old gold
Carro, Carsome jumpstart SEA’s post-Covid used car race
There's a US$55 billion used car market opportunity in Southeast Asia. Pan-region players like Carro, Carsome, and the Indonesia-specific BeliMobilGue—or even the fresh-from-the-oven TiinTiin—are revving up to capitalise on the new rush for old cars
Used cars gain popularity as public transportation and ride-sharing services take a nosedive in commuters’ confidence
Transactional used car marketplaces like Carro and Carsome are banking on that pent-up used car demand once markets reopen
Southeast Asia’s used car market, with a 97% room for growth, is a blue ocean for startups to emerge in the space
Beyond the used car space, the auto-lending sector is also a huge market—eight out of 10 car buyers will take up financing
