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Carsome Group (Carsome) is a Malaysia online used car trading platform that operates in Malaysia, Indonesia, Thailand, and Singapore.It was founded in 2015 with the aim of digitize the traditional used car buying and selling process by leveraging technology and providing a convenient and transparent experience for both buyers and sellers. [1]
Malaysia's car industry is dominated by two local manufacturers which are heavily supported by the government through National Car Policy e.g. trade barriers. These local manufacturers are Proton and Perodua. [2] These excise duties imposed on foreign manufactured cars have made them very expensive for consumers in Malaysia.
Motor Trader Magazine won Advertising & Marketing's Motor Vehicle Magazine of the Year in 2011 [7] and 2013. [8] [9]The Motor Trader website was described as "one of the most popular review and classified sites" in the automotive category in Malaysia by Marketing Magazine [10] based on the results of a study made by Effective Measure, [11] the market research analysts for online media in ...
[5] [6] In August 2019, Carro raised $30 million in a round of series B funding and used the funds to acquire the Indonesian e-commerce site Jualo.com. [6] In September, Carro announced the inception of its operations in Malaysia through a $30 million investment into the car-bidding online platform Carro Malaysia (formerly myTukar). [7] [8]
Hong Kong does not have import tax for cars, however, the first registration tax is high. And the first registration tax rate is progressive, which means a higher price car will fall into a higher tax bracket. Since the used car values are mostly lower than new cars of the same model, used car can enjoy a lower tax rate due to depreciated car ...
Japan's move to bar most used-car sales to Russia slammed the brakes on a trade nearing $2 billion annually that had boomed in the shadow of sanctions over Ukraine elsewhere, according to trade ...
Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading (8708) 471,583 1 Germany 66,855 2 China 65,536 3 United States 57,704 4
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