Daily Markup

Daily Markup #1138: CARSOME marks a decade of bringing trust and affordability to car ownership in SEA, with 3 profitable quarters and 500k cars sold

January 6, 2025 · 1 min read
Photo credit: Tatler

New year, new era

  • 2024 was a landmark year for 500-backed integrated car e-commerce platform CARSOME. The team achieved 3 consecutive profitable quarters, and is now steering confidently towards a full year of profitability.
  • Their momentum was fueled by another significant milestone: 500,000 cars sold on the platform!
  • 2025 will be an exciting year for CARSOME as they celebrate their10-year journey in the automotive industry. “Our focus for the year ahead is clear: deepen our roots as a homegrown brand while expanding our reach across the region,” shared Eric Cheng, Co-founder & CEO.
  • “We aim to enhance customer trust by refining our services, innovating with technology, and growing our ancillary offerings to improve and continue elevating the end-to-end car ownership experience. 2025 is all about building on the momentum we have achieved and setting the stage for the next decade of growth,” he revealed.
  • Looking ahead, Eric anticipates the used car industry in Southeast Asia to remain resilient as consumers seek reliable, cost-effective solutions amid economic uncertainties, with CARSOME poised to meet these demands with a strong focus on affordability, trust, and innovation.
  • Read the full story on TechNode Global.
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