Carro has announced its entry into Australia with the acquisition of CarPlace, a used-car platform operated by Autoleague, one of Australia’s largest automotive groups. The Malaysian platform said Autoleague remains a strategic shareholder, while Carro is a strategic investor.
“We’ve found an ideal strategic partner in Autoleague to power our ambitions in Australia and we’re really excited about the potential to grow into a leading business in Australia,” says Aaron Tan, Co-Founder and CEO of Carro. “Australia is one of the
largest used car markets in Asia Pacific, with a consistent annual sales volume of 2.3 million used cars and fast-growing EV penetration. We believe the market is ripe for a platform like Carro to transform the used car landscape and deliver a better,
convenient, more transparent customer experience that is powered by technology and AI.”
“It’s really a fantastic opportunity to partner and be a strategic shareholder in Carro,” says Dan Kawai, Managing Director and CEO of Autoleague. “We’ve seen Carro’s technology infrastructure, streamlined operations and unwavering commitment to
transparency within the industry, and we’re confident in their goal to become a leading player in Australia and the top choice for customers. We’re supportive of Carro’s ambitions in Australia and are committed to working closely together to achieve that.“
