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Tag: carsome

  • Carsome Posts US$8.3 Million Quarterly EBITDA as Retail Shift Widens Margins

    Carsome Posts US$8.3 Million Quarterly EBITDA as Retail Shift Widens Margins

    Malaysian used-car platform Carsome posted an operating EBITDA of US$8.3 million for the second quarter of 2026. That is a 38 per cent increase from the same period a year earlier.

    Sales reached 35,903 vehicles during the three months ended June 30, up 11 per cent. That volume lifted gross profit 15 per cent to US$43.8 million. The result gave Carsome its tenth straight profitable quarter on an EBITDA basis. Consumer retail transactions and auto financing drove the gains.

    Retail and Financing Drive Margin Expansion

    Gross profit outpaced unit sales as the platform shifted volume toward retail buyers. Ancillary products helped widen margins. Financing packages, extended warranties and direct retail margins yield higher earnings per transaction than wholesale dealer auctions.

    Under a new agreement, Carsome will serve as the exclusive official trade-in partner for Suzuki Cars Malaysia. The pact channels structured inventory directly into its inspection network. It secures steady supply while carmakers use trade-in valuations to support new-vehicle sales as borrowing costs pinch consumer budgets.

    Other players across Southeast Asia show a similar pattern. Regional rivals Carro, based in Singapore, and Indonesia’s Moladin have also pivoted away from venture-funded volume acquisition. Both now target unit profitability, credit distribution and ancillary services.

    Showroom Additions in Malaysia and Jakarta

    Physical inspection hubs and retail centres led network growth during the quarter. In Malaysia, Carsome opened three locations in Sungai Petani, Bukit Tinggi in Klang, and Sungai Buloh. That took its domestic network to 55 inspection centres and showrooms.

    Across Indonesia, the company added four locations in Greater Jakarta, expanding its local footprint to 10 sites. Vehicle ownership in Indonesia trails Malaysia and Thailand. Even so, the market offers heavy transaction volume for operators able to resolve fragmented title transfers, vehicle vetting and buyer credit access.

    Looking ahead, management will focus the rest of the financial year on transaction growth, financing attachment rates and fixed-cost efficiency across its 65 combined retail locations.

  • Carsome Unveils Southeast Asia’s Largest State-of-the-Art Car

    Carsome Unveils Southeast Asia’s Largest State-of-the-Art Car

    Southeast Asia’s largest car e-commerce platform, Carsome, officially launched Carsome Certified Lab, the largest car refurbishment facility in the region.

    Spanning over 185,000 square feet, the fully-functional Lab is a state-of-the-art facility that transforms a pre-owned car to be as good as new. It is able to refurbish up to 2,000 Carsome Certified cars per month, an unprecedented scale across Southeast Asia.

    Carsome Certified CEO Mei Han said that Carsome Certified Lab plays an integral part in supporting the company’s pursuit of delivering peace of mind to consumers. “Carsome Certified exists to give consumers the options of pre-owned cars that are more superior. All our cars go through world-class refurbishment at Carsome Certified Lab, so that our customers can choose their dream car from our largest selection of best-in-class, quality-assured cars. This is our continuous effort in eliminating consumer and industry pain points,” Mei added.

    Carsome relentlessly refurbishes each Carsome Certified car, which are carefully selected through a stringent 175-point inspection to ensure that it is free from fire, flood and major accident damages. The bulk of the investment is spent on mechanical and general repair, body and paint, as well as car detailing.

    The works in Carsome Certified Lab cover all parts of the car, including internal, external, engine, transmission, suspension, steering, electrical and electronic. Each process is performed by skilled and experienced technical specialists while adhering to global safety standards. All these efforts ensure that all Carsome Certified cars are safe, comfortable and look as good as new.

    Carsome plans to open additional Carsome Certified Labs in the next 12 months across Malaysia, Indonesia and Thailand to continue offering the widest and largest selection of pre-owned cars for consumers to choose from.

    The company currently lists more than 1,000 cars on its website, where it offers a hassle-free, digital experience to consumers who wish to buy a quality car. Consumers can expect to browse for cars online with 360o view, purchase one with minimal paperwork and have their cars home-delivered for maximum convenience.

    All Carsome Certified cars come with the Carsome Promise, which ensures that the cars have passed a stringent 175-point inspection and includes a one-year warranty, five-day money-back guarantee, and fixed price with no hidden fees.

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  • Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asian online used car trading platform Carsome has launched its new Carsome Experience Centre in Kuala Lumpur.

    The move signals the opening of the firm’s B2C segment, introducing a highly digitized and transparent car-purchasing process, aimed at addressing consumer distrust when buying second-hand cars. The firm works to enhance trust and assurance throughout the industry’s supply chain in the areas of sourcing, financing, retailing, and after-sales services.

    “We want to create an end-to-end trusted experience for consumers when it comes to buying used cars,” said Carsome co-founder and CEO Eric Cheng.

    “Our Car Purchase Preference Survey showed that 70 percent of car buyers want detailed information on car condition; 60 percent appreciate an extended warranty; and 40 percent value test drive experience and money-back guarantee.”

    The firm offers a one-year warranty and five-day money-back guarantee on selected vehicles. The service also features a home-delivery option. Test drives take place in a controlled setting from the Experience Centre.

    “Carsome’s B2B business has solved a persistent issue for used-car dealers when it comes to sourcing inventory,” said Cheng. “With the launch of our B2C segment, we are now creating a new customer-acquisition channel for our partner dealers to remarket and sell more cars through our extensive marketing reach. This is an exclusive, value-added service to our partner dealers, who can now list their cars on Carsome website for free.”

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  • Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asia’s largest used car platform unveils experience centre

    Southeast Asian online used car trading platform Carsome has launched its new Carsome Experience Centre in Kuala Lumpur.

    The move signals the opening of the firm’s B2C segment, introducing a highly digitized and transparent car-purchasing process, aimed at addressing consumer distrust when buying second-hand cars. The firm works to enhance trust and assurance throughout the industry’s supply chain in the areas of sourcing, financing, retailing, and after-sales services.

    “We want to create an end-to-end trusted experience for consumers when it comes to buying used cars,” said Carsome co-founder and CEO Eric Cheng.

    “Our Car Purchase Preference Survey showed that 70 percent of car buyers want detailed information on car condition; 60 percent appreciate an extended warranty; and 40 percent value test drive experience and money-back guarantee.”

    The firm offers a one-year warranty and five-day money-back guarantee on selected vehicles. The service also features a home-delivery option. Test drives take place in a controlled setting from the Experience Centre.

    “Carsome’s B2B business has solved a persistent issue for used-car dealers when it comes to sourcing inventory,” said Cheng. “With the launch of our B2C segment, we are now creating a new customer-acquisition channel for our partner dealers to remarket and sell more cars through our extensive marketing reach. This is an exclusive, value-added service to our partner dealers, who can now list their cars on Carsome website for free.”

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