Carsome Group, which was set up in 2015, is Southeast Asia’s largest integrated car e-commerce platform. It has transacted over 260,000 cars since its inception, and sells more than 18,000 cars on a monthly basis. The company, which has operations across Malaysia, Indonesia, Thailand and Singapore, is also Malaysia’s first unicorn that was valued at US$1.3 billion ($1.79 billion) as at September 2021.
CarTimes Automobile and Carsome Group may differ in their core business models and how they transact, but with the merger that brings together their complementary strengths, the owners of both companies say they are set to capture a bigger piece of the regional car trading market.
CarTimes Automobile, which was established in 2001, is an award-winning auto company in Singapore and one of the largest in the country. The company offers a suite of services that also includes car rentals, financing, insurance and servicing.
