March 7, 2024

    Carro expands into Hong Kong, acquires Beyond Cars to accelerate footprint beyond Southeast Asia

    Founded in 2016, Beyond Cars is one of Hong Kong’s leading used car platforms Beyond Cars’ co-founder and CEO Garry…
    January 26, 2024

    Carro opens two new branches in Kingkaew and Tiwanon, eyeing expansion plans off a profitable FY2023

    Two latest additions put Carro’s total branches in Thailand to five, with existing branches in Suan Luang, Chonburi, Ayutthaya Carro’s …
    October 27, 2023

    DRB-HICOM invests in Genie Malaysia, the fastest growing Malaysian auto fintech startup 

    EON, a wholly-owned subsidiary of DRB-HICOM, strategically invests in Genie Malaysia  Genie Malaysia boasts an outstanding loan book of nearly…
    August 10, 2023

    Carro achieves best quarterly profitability since inception in Q1 FY2024

    Gross Profit Margins rises to 14%  Record EBITDA of US$11 million  Run-rate EBITDA of over US$50 million  Adjusted Net Profit…
    June 19, 2023

    Carro announces strategic investment into Driven Communications

      Carro’s investment includes a portfolio of websites, including paultan.org, carbase.my and oto.my Driven Communications to retain board of directors,…
    June 16, 2023

    Jardine Cycle & Carriage and Carro enter into strategic partnership to shape the future of automotive retailing

    Combining the capabilities of an established regional automotive player and leading used car tech platform to win in the used…
    May 25, 2023

    Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries

    Strong ~2x year-on-year revenue growth  ~3x year-on year Gross Profit growth Gross Profit Margin (GPM) rose to ~9%, with final…
    November 4, 2022

    Plug-in hybrid vs hybrids: what’s the difference?

    Hybrids have been in widespread use since the late 1990s when the Toyota Prius launched in 1997. Since then, two…
    November 1, 2022

    A brief history of hybrid cars

    Hybrid cars, like its name suggests, are cars that run on petrol and electric power. The most common hybrid powertrain…
    October 5, 2022

    4 HDB estates to go ‘car-lite’ with more greenery and public transport connections

      Ulu Pandan, Mount Pleasant, Tengah and the Keppel Club site are now designated as ‘car-lite’ zones, meaning parking spaces…