MyTukar opens new showroom in Penang, Melaka, Johor – 30 retail and inspection points nationwide
myTukar has opened three new showrooms in Penang, Melaka and Johor respectively. The move is intended to enhance the company’s physical presence and services across the country, opening up a more transparent and trustworthy car buying experience for more Malaysians.
All three galleries are strategically located in central locations for better accessibility. The building area of these showrooms ranges from 4,000 square meters to more than 180,000 square meters and has the capacity to accommodate and display up to 500 vehicles. With these new additions, myTukar now has a total of 30 dealers nationwide.
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Financial and after-sales services such as maintenance and coloring are also available. As usual, all vehicles are subject to a rigorous 160-point inspection before being put up for sale. myTukar can also new car delivery Door to door customer for a real car buying experience from start to finish.
Derrick Eng, CEO of myTukar said, “This strategic move aims to propel the growth of myTukar to greater heights. New showrooms cover untapped locations in the region and expand our offerings and services to an even wider audience. Along with our rebranding efforts, we are committed to providing our customers with excellence and efficiency like nothing else. ”
Recently, myTukar rebrand itself by adopting an orange corporate identity (CI), a move intended to further reflect its position as part of the larger Carro network.
Coincidentally, the Singapore-based used car market company just reported its first profitable fiscal year, with sales of over S$650 million (RM2.1 billion). In the process, gross profit for the year ended March 2022 also doubled.
With 2.5x growth and record gross profit, Carro co-founder and CEO Aaron Tan says the company is on track to increase its gross margin by 10% by the end of the current fiscal year. in. Last year, Carro received more than $100 million (RM456 million) in funding from investors, including Singapore state investor Temasek Holdings and Permodalan Nasional Berhad (PNB) in Malaysia.
More recently, Carro also pocketed $360 million (RM1.64 billion) in Series C funding, with Sime Darby among investors. With a presence in Singapore, Malaysia (via myTukar), Thailand and Indonesia, the company is looking to expand into Taiwan and Japan this year.
