SoftBank-backed used-car platform emphasizes new EVs and reduces inventory ahead of IPO.
Carro, primarily known as a used-car marketplace in Indonesia, is shifting its strategy to sell more new cars, especially electric vehicles. The company is also moving to an inventory-light model. Tech in Asia reports that this change comes ahead of a planned IPO as the supply of used cars tightens and Chinese EVs exert downward pressure on prices. The SoftBank-backed firm is seeking new paths for growth in the market. Visible posts and the linked article confirm the focus on new-car sales as the central development.
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SoftBank-backed used-car platform emphasizes new EVs and reduces inventory ahead of IPO.
Carro, primarily known as a used-car marketplace in Indonesia, is shifting its strategy to sell more new cars, especially electric vehicles. The company is also moving to an inventory-light model. Tech in Asia reports that this change comes ahead of a planned IPO as the supply of used cars tightens and Chinese EVs exert downward pressure on prices. The SoftBank-backed firm is seeking new paths for growth in the market. Visible posts and the linked article confirm the focus on new-car sales as the central development.
Tech in Asia@techinasiaCarro is changing its strategy in Indonesia. Known primarily as a used-car marketplace, the SoftBank-backed company is increasingly focusing on selling new cars, particularly EVs, while moving toward a more inventory-light business model. 🚗⚡https://buff.ly/BeckgFr
Tech in Asia@techinasiaCarro is changing its strategy in Indonesia. Known primarily as a used-car marketplace, the SoftBank-backed company is increasingly focusing on selling new cars, particularly EVs, while moving toward a more inventory-light business model. 🚗⚡https://buff.ly/BeckgFr