The used vehicle platform Carsome and it's Founder Eric Cheng have grown and evolved a lot since it started up four years ago.
What started with a simple idea to solve the pain points of selling a car (think tedious processes, misleading photos or information), the firm is now Southeast Asia’s largest consumer-to-business platform to dispose used vehicles.
“In terms of market share based on transaction volume, we are already number one in Malaysia and Thailand. We are also going to be number one in Indonesia this month,” says Cheng during a sit down with AWANI Review in March.
Carsome prides itself as a one-stop solution to sell used car - from inspection to delivery - promising instant payment, minimal paperwork and a hassle-free process.
“Through our website, consumers submit a request to schedule inspection appointment across the four countries that we are available in (including Singapore).”
“We would then have the inspectors check the car and upload data of the car’s condition onto our website.”
Then, the interesting part begins; the car will then be put on auction. Carsome will filter the best bid prices offered by dealers. Following which, the owner will release the car (after inspection) if the offer is equal or higher than desired price - allowing for a transparent system and removing the need to haggle.
Read more here