Used Car

Lamborghinis stranded in Sri Lanka as war disrupts Asia’s used-car trade 

South Korea’s auto shipments to the US have declined for six consecutive months since US President Donald Trump announced 25% tariffs.

South Korea’s booming used car exports cushion impact of US tariffs

Carro has raised more than  S$700 million so far from several sovereign funds and the SoftBank Vision Fund.

Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding

US President Donald Trump’s 25 per cent tariff on imported autos prompted a surge in new vehicle-buying during the early spring as consumers sought to front-run anticipated price increases from the levies.

US used car prices surge as tariffs drive market volatility

Aaron Tan, CEO of Carro, wants the company to be much more profitable first, aiming for Ebitda to hit around S$130 million as a precursor to an IPO.

Carro aims to treble Ebitda to S$130m ahead of potential IPO

Nissan issued a warning telling vehicle owners not to drive certain vehicles – the 2002-2006 model year Nissan Sentra, 2002-2004 Nissan Pathfinder and 2002-2003 Infiniti QX4 – that were recalled in 2020 but have not been fixed.

US tells owners to stop driving older Nissan vehicles over airbag concerns

Carsome Automall in Selangor has the capacity to showcase over 200 cars.

Carsome waiting for ‘right timing’ for IPO; will launch sales of new EVs: CEO

Carro CEO Aaron Tan (left) will join the board of Republic Auto, while Jardine C&C managing director of direct motor interests Wilfrid Foo (right) will join the board of Carro.

Jardine C&C and Carro enter strategic partnership for used cars and aftersales

Under the live auction system, Dickson first purchases the used car from the owner, then puts it up for auction.

Dickson Group to debut physical live auction for used cars in Singapore