News & Announcements
Stay updated with the latest car news and announcements in Singapore. From new launches and partnerships to exciting updates in the automotive scene, get all the insights that matter to car owners and enthusiasts.
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Dongfeng EVs now at Carro Singapore: Exclusive launch offers on the 007, VIGO and BOX
Carro is now the authorised dealer for Dongfeng electric vehicles in Singapore, bringing three distinct EV models to local buyers:…
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EV incentives in Singapore: How much can you save with rebates and road-tax discounts?
Buying an electric vehicle (EV) in Singapore can be very appealing right now, especially with government incentives that significantly lower…
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Carro officially unveils new flagship store spanning 3 floors in Hong Kong with Carro Celebrity Ambassador Moses Chan at Grand Opening event
Carro’s newest showroom in BMW House aims to be the #1 premier destination for pre-owned cars, with retail and aftersales…
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Carro posts record revenues and gross profit for FY2025, closes US$60m strategic investment led by Cool Japan Fund
Best-ever revenues of S$1.2 billion (US$898 million), a 15% year-on-year growth Best-ever Gross Profit of S$149 million (US$111 million), a…
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Why Moses Chan and Carro are a perfect match
Beloved actor. Devoted family man. Successful entrepreneur. Hong Kong actor Moses Chan is not just passionate about his acting career,…
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Carro’s New Celebrity Ambassador, Moses Chan, Makes a Grand Debut
Moses Chan is not only a beloved Hong Kong actor, but also a symbol of taste, trustworthiness, and classic style.…
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Carro announces Hong Kong’s TV King Moses Chan as Celebrity Ambassador, heralds milestone with new TVC and tram ads
Car enthusiast Moses Chan has always been particular about his rides, says Carro’s high standards on inspections and refurbishment gives…
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QR code clearance at Malaysia’s Johor checkpoints: What Singapore drivers need to know
Crossing the Causeway or Second Link into Johor is a routine trip for many foreigners from Singapore, whether it’s for…
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Carro raises USD60 million in a round led by Cool Japan Fund to accelerate demand of Japanese cars across Asia Pacific
Overall demand for used cars is expected to grow; Carro to capture and accelerate growth of Japanese used cars Capital…
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Carro and SY Holdings enter into strategic partnership to support Carro’s expansion with tech-driven financing solutions
Aaron Tan (L), Co-Founder and CEO of Carro, and Kenny Ng (R), Head of International Partnerships at SY Holdings Hong…
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VEP Update: Malaysia to enforce VEP from July 1 – here’s what Singapore drivers need to know
Planning a weekend drive to Malaysia? Starting 1 July 2025, you'll need more than just a full tank of petrol.…
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Carro brings back award-winning “No Drama” ads to celebrate 10 years of revolutionary car buying and selling services for customers
Carro brings back ‘No Drama’, their award-winning ad series which parodies drama cliches to highlight its trustworthy, reliable, and transparent…
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Enjoy up to $18,888 in discounts at the Carro Festive Sale!
Enjoy discounts up to $18,888 on selected cars Chinese New Year is a time for celebration and new things. New…
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Carro receives strategic investment from Woori, capping off a record FY2024 with 11x year-over-year EBITDA growth
Strategic investment marks Woori Venture Partners’ first late-stage deal in Southeast Asia, to form a closer partnership as Carro ramps…
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Carro first to tap into US$1 billion HSBC ASEAN Growth Fund
Carro signs a S$75 million multi-currency loan to fund its fintech arm, Genie Financial Services HSBC announced the launch of…
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Carro opens two new branches in Kingkaew and Tiwanon, eyeing expansion plans off a profitable FY2023
Two latest additions put Carro’s total branches in Thailand to five, with existing branches in Suan Luang, Chonburi, Ayutthaya Carro’s …
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Carro achieves best quarterly profitability since inception in Q1 FY2024
Gross Profit Margins rises to 14% Record EBITDA of US$11 million Run-rate EBITDA of over US$50 million Adjusted Net Profit…
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Carro announces strategic investment into Driven Communications
Carro's investment includes a portfolio of websites, including paultan.org, carbase.my and oto.my Driven Communications to retain board of directors,…
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Jardine Cycle & Carriage and Carro enter into strategic partnership to shape the future of automotive retailing
Combining the capabilities of an established regional automotive player and leading used car tech platform to win in the used…
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Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Strong ~2x year-on-year revenue growth ~3x year-on year Gross Profit growth Gross Profit Margin (GPM) rose to ~9%, with final…
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