myTukar Powered by Carro, ekosistem kereta terpakai paling pesat berkembang di Malaysia, memulakan perjalanan baharu yang mengujakan dengan penjenamaan semula kepada Carro sebagai langkah yang bakal membawa lebih banyak teknologi canggih, produk dan perkhidmatan Carro kepada pelanggan di Malaysia.
Langkah penjenamaan semula ini secara rasminya menyaksikan ‘Carro’ diimplementasikan dalam rangkaian produk dan perkhidmatan myTukar, bahan pemasaran serta papan tanda fizikal di seluruh Malaysia – satu proses yang akan memakan masa beberapa bulan.
Sejak penubuhan myTukar pada 2017 di lot kedai Glenmarie pada 2017, syarikat ini telah mencatatkan pencapaian yang mengagumkan, termasuk pelaburan AS$30 juta daripada Carro untuk merevolusikan dan mendigitalkan industri kereta terpakai yang berpotensi tinggi di Malaysia.
myTukar, now known as Carro, embarks on a new chapter in its journey, signalling a significant move to introduce more of Carro’s advanced technologies, products, and services to Malaysian customers. This renaming process will see ‘Carro’ integrated across myTukar’s range of offerings, marketing materials, and physical signage throughout Malaysia over the coming months.
Carro stands as Southeast Asia’s largest and most successful online used car platform, operating in Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan. The Singapore-based startup is poised to achieve its highest-ever FY2024 EBITDA, nearing US$40 million, a remarkable leap from its FY2023 performance.
Buying a used car always carries with it a risk. Having been owned and used by one or more people before, its condition can vary. If you’re lucky, the previous owner or owners looked after it well and had it regularly services so it is in good condition. But there are also unlucky used-car buyers who end up with a problematic car and wish that it had been inspected professionally earlier.
myTukar, the digital pre-owned car ecosystem across the Asia-Pacific region, understands this concern of buyers and has introduced myTukar Certified for reassurance. This technology-backed stamp of assurance certification for used cars is fully transparent and backed by detailed information and standardised inspections.
Two years into its business, myTukar Sdn Bhd is accelerating its growth with the opening of three new branches in Peninsular Malaysia. The ambitious growth plan is supported by CARRO, a Singapore-based Southeast Asian technology-enabled automotive marketplace.
To date, myTukar’s 2,000-strong dealership network has transacted over 23,000 vehicles with an estimated value of RM750 million. Digitalisation of the purchasing process has enabled it to serve the used car industry efficiently.
Fong Hon Sum, CEO of myTukar said: “The opening of multiple new branches is the most significant milestone for myTukar since we began operations in 2018. We are driven by our mission to digitalise and transform the traditional way of selling used cars. And I am proud to say that myTukar was built by the people in the used car industry, to empower and support other used car dealers using technology.”
Mr. Fong, who has over 20 years of experience in the used car industry, is keen to bring positive changes, technological improvements and transparency to the industry. His deep knowledge of the inner workings within the industry brought together over 2,000 dealerships in which myTukar works in partnership to support their needs.
Four more branches before year-end
After the three new ones in Malacca, Penang and Ipoh, another four more branches will soon open, bringing the total branches nationwide to sixteen. The additional four branches include a second Johor Bahru branch which will also be myTukar’s Southern Logistics hub and a major hub for car inspection. Mr. Fong said that more branches will open in 2021 to cover more cities around the country.
Each new branch can accommodate up to 3 cars at any given time and are equipped with basic amenities in a waiting lounge. There are qualified and professional inspectors to provide a comprehensive 158-point inspection and evaluation within 30 minutes or less. When in full operation, the 16 branches will be able to handle up to 300 vehicles per day.
“This nationwide expansion strategy is aligned to and complements CARRO Group’s strategy to continuously expand and digitalise car trading for the South East Asia Region. CARRO Group is SouthEast Asia’s largest car marketplace and currently has a presence in Singapore, Thailand, Indonesia and Malaysia,” he said.
Collaboration with Sime Darby Auto Selection
The latest collaboration for myTukar is a platform integration with Sime Darby Auto Selection to enable the company’s efficient inventory management of trade-in cars as well as the transfer of knowledge by myTukar to integrate Sime Darby Auto Selection’s inspectors into the process of strengthening used car trade-in services.
