AutoBuzz: Carro celebrates its 5th anniversary with 500% YOY revenue growth in September

This article first appeared on AutoBuzz.my, written by Woon.

The ongoing health pandemic has changed the way we all think about car buying, which resulted in a significant growth in online automotive marketplaces – such as Carro.

Having just celebrated its fifth anniversary, the Singapore-based car marketplace recorded its highest-ever monthly revenue in the month of September, equivalent to over 500% year-on-year growth.

The end-to-end car purchase service was launched in 2015 in an effort to bring more trust and transparency to car purchasing. To date, the company has retailed “thousands of cars”, and recently also launched a contactless service, where buyers can complete the transaction and have their new cars delivered to their homes – all while complying with social-distancing practices.

Read the full article here.

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