Policy Street and CARSOME Revolutionize Car Insurance with CARSOME Care+ Through this partnership, drivers are not only safeguarding their vehicles but also gaining enhanced financial security and peace of mind in uncertain times. STORYLINE Innovative Collaboration: Policy Street and CARSOME introduce CARSOME Care+, redefining car insurance with unique unemployment protection. Addressing the Gap: Malaysia’s underinsured population of 90% targeted with personal accident coverage up to… Read More »
Revving Up: Malaysia’s Used Car Market Accelerates Amid Economic Caution With cautious sentiment driven by inflation and interest rate hikes, the growth in used car sales is projected to continue. Rising Demand: Used car sales to surge in 2023 amid cautious economic outlook. Affordable Option: Customers opt for pre-owned vehicles due to inflation and interest rate concerns. Online Platforms: Online platforms expedite used car buying… Read More »
Navigating Growth and Resilience: Malaysia’s Used Car Market Trends and Strategies Storyline Middle-Class Expansion: Rising middle-class income drives increased car ownership and demand for pre-owned vehicles. Digital Surge: Growing prevalence of online used car platforms boosts sales and enhances accessibility. Strategic Pandemic Support: Moratorium on car loans sustains the used car industry during the pandemic. Future Growth: Anticipated 8.5% (2027) CAGR as Malaysia’s middle class expands… Read More »
Malaysia Used Car Market is expected to grow at a CAGR of over 8% over the next 5 years Used car sales to cross over 900,000 units by 2026, witnessing a CAGR of 8% over 2021-2026 with the market being dominated by local players: Ken Research 1. The automotive industry is dominated by local players & unorganized dealers along with increased popularity of Japanese brands. Unorganized Players in Malaysia Used Car Market: Click Here… Read More »
Used car Sales basis GTV in Malaysia to exceed MYR 40 Bn by 2026. Will the projections justify growth? The market is poised to grow at a CAGR of over 8% owing to the increased popularity of online players and entry of OEM certified dealers: Ken Research Online platforms generate over 80% of the leads by virtue of access to a large inventory base and easier user interface that gives user a number of… Read More »