Carsome benefits are one of the many things that you can enjoy. It’s an innovative way of selling cars that allows you to get more money for your car. Plus, you can also save money in the long run because the company will give you a one-year extended warranty for free.
A new way for companies to sell their cars
Carsome is Southeast Asia’s largest integrated car e-commerce platform. With headquarters in Malaysia, Thailand, Indonesia and Singapore, it provides a one-stop solution for buying and selling cars. It offers financing options and after-sales services.
Since its inception in 2015, Carsome has transformed from a used car comparison site into a comprehensive platform. The company plans to build an ecosystem that will provide an end-to-end car-buying experience in the region. Among its initiatives is a series of new tech products that have helped improve the workflow efficiency of its business.
Aside from financing, Carsome provides other services like after-sales service and insurance. The company has been backed by major investors, including Gobi Partners and Asia Partners.
Carsome’s main revenue source is from car sales. They have a user base of around two hundred thousand people. In the first year of operation, users have saved $120k.
An automotive technical institute in Malaysia
The automotive technology industry is rapidly expanding in Malaysia. This is great news for the country’s youth. If you’re interested in a career in this field, you’ll want to check out some of the best automotive technical institutes in the country.
Despark College is one of the leading institutions in the country. The college offers training on all the latest technologies in the automotive and aviation industries. It engages key players in the industry to provide future graduates with the knowledge and skills necessary to succeed.
While the automobile industry is a large part of the Malaysian economy, the higher education system is relatively young. A typical Malaysian student may have to complete a placement year before gaining entry to an undergraduate degree program.
A 1-year extended warranty
When you purchase a car, you need to think about what kind of warranty you need. There are many options. In general, you want to look for an extended car warranty that will give you the peace of mind you deserve. This will protect you from costly repairs, especially if you are planning on keeping your car for several years.
An extended car warranty will cover a wide variety of parts on your vehicle. It may even include roadside assistance. However, before you make your final choice, you should consider what you can afford and what you are willing to forego. You might find that a seven-year plan is not as necessary if you are only planning on keeping your vehicle for two years.
Accelerating profitability plan
Carsome, a used car listing platform, has launched a group-wide accelerated profitability plan. This includes stricter performance management, automation of processes, and employee base optimization. They also aim to achieve positive EBITDA within the next few quarters.
To do this, they have hired a few key strategic hires. For instance, former AirAsia CEO Ravi Shankar Mallavarapu will lead Carsome’s marketing and brand development. He will work closely with Derek Tan, the company’s chief brand officer.
In addition, Juliet Zhu will be the company’s new Chief Financial Officer. She brings with her a wealth of experience in capital planning and growth strategy. Previously, she worked for Cento Ventures and Jubilee Capital Management in Southeast Asia.
Carsome also announced that it plans to reduce its workforce in Thailand and Indonesia. Approximately 10% of its staff will receive goodbye letters in the next 24 hours.
Talent development goals in line with the Malaysia Digital plan
Carsome, Malaysia’s first tech unicorn, has recently made moves to expand its presence in the region. It has also launched a new Carsome Mobility Lab to support startups from around the world. The new lab will provide mentorship and access to Carsome’s global network.
As Malaysia continues to build its digital ecosystem, Carsome’s expansion is a clear sign of the country’s commitment to developing talent. In fact, the company plans to double its local investment and recruit new employees from Southeast Asia.
Carsome’s leadership has emphasized the importance of building a high-skilled workforce. As the industry’s needs grow, the company’s team needs to adapt. For this, the company has introduced its own Carsome Certified Labs in Thailand and Indonesia. This includes a series of specialties, such as automotive finance and insurance, ag-tech, healthcare, and creative industries.