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 Vehicle Market will be driven by Increasing Number of Inspection Checks performed before Selling a Used Vehicle coupled with Strong presence of Online Platforms: Ken Research

“Introduction of government policies (ELV and EEV) coupled with growing customer confidence and user convenience has driven the Malaysia Used Vehicle Market” Increasing Number of Inspection Checks: The growing number of inspection checks performed by a dealer before keeping a used car in stock has built the customer confidence with respect to the used vehicle they… Read More »

Malaysia Used Vehicle Market Research Report to 2025: Ken Research

How Malaysia Used Vehicle Market is positioned? Malaysia was ranked 44th globally in terms of motorization level. With a population of around 30 million, the ownership status in Malaysia is 341 cars per 1,000 people in the year 2014. The growth in Malaysia Used Vehicle Market is primarily driven by the faster car replacement rate,… Read More »

Malaysia Used Vehicle Market Outlook to 2025: Ken Research

The report titled “Malaysia Used Vehicle Market Outlook to 2025 – By Type of Distribution Channel (Organized and Unorganized Dealers), By Mode of Selling (Online and Dealership Walk-Ins), By Type of Vehicle (Sedans, Hatchback, SUVs, MPVs, LCV and others), By Vehicle Age(0-3 years, 3-5 Years, 5-8 Years and More than 8 years), By Brand(Perodua, Toyota,… Read More »