In the current year, Southeast Asia Used Car Market was valued at USD 62.31 billion, and it is expected to reach USD 84.30 billion by registering a CAGR of 6.23% during the forecast period.
The South-East Asian Used Car Market is hugely fragmented, with various startups and regional players such as PT. Moladin Digital, Carousell, Carro, Carsome, and Cars24 Services Private Limited. Although to have the edge over their competitors, the major rental companies are making joint ventures and partnerships to launch newer products. For instance,
In February 2022, Carsome Group, a Malaysia-headquartered used car e-commerce platform, plans to build more used car refurbishment centers in Malaysia, Indonesia, and Thailand. The company expects the demand for pre-owned cars to continue growing in the next few years.
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