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Daily Markup #1105: CARSOME achieves double-digit growth in car sales in 1H 2024 compared to 2023, shares Chief Business Officer Aaron Kee

October 29, 2024 · 1 min read
Photo credit: CARSOME

All revved up

  • Chief Business Officer Aaron Kee of 500-backed integrated car e-commerce platform CARSOME expects 2024 to be a positive year for the company!
  • Aaron shared that their year-on-year sales of used cars have shown remarkable growth this year. “Our retail arm, Carsome Certified, saw double-digit growth in car sales in the first half of 2024 compared to the corresponding period in 2023,” he elaborated.
  • CARSOME is set to capitalize on this growth, which is also fueled by ~US$46M in fresh working capital through partnerships with Ambank Group and Maybank.
  • “This strong performance reaffirms the effectiveness of CARSOME’s strategy in strengthening customer trust, expanding our market presence and leveraging technology and data to enhance the overall car buying and selling experience in Malaysia,” he added.
  • The team will continue to improve their after-sales, insurance and financing offerings to serve dealers and customers better.
  • Read the full story here.
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