October 25, 2024

    A quick guide to Malaysia’s Vehicle Entry Permit (VEP)

    All foreign-registered vehicles entering Malaysia need a Vehicle Entry Permit (VEP). Without one, you can’t legally enter the country, so…
    October 24, 2024

    Car dashboard symbols: an easy guide

    All drivers experience this at some point: You are merrily on your way to work, home, or even just driving…
    June 20, 2024

    Carro first to tap into US$1 billion HSBC ASEAN Growth Fund

    Carro signs a S$75 million multi-currency loan to fund its fintech arm, Genie Financial Services HSBC announced the launch of…
    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…