February 11th, 2019
Shah Alam, 11 February 2019 – Carlistbid.my, a brand under Carlist.my has just opened their 2nd inspection hub here in 3 Stone Park, Glenmarie, to cater to the increasing demand for cars through their auction platform. This hub’s main benefit is that it can store up to 200 cars at any given time, as well as inspect, register and conduct car transactions.
With a simple and effortless process to sell your car, the seller submits their vehicle information details, then they will be contacted to arrange a physical 100-point vehicle inspection. Once the evaluation is done, a reserve price will be agreed before the online auction is conducted.
The auction will take place with more than 1,500 participating dealers from Carlist.my’s Trusted Dealer network bidding on the cars in the auction. Immediately after a car is sold, the transfer documents can be completed on-site by Carlistbid.my’s staff within 30 minutes. Sellers can also opt to have their cars inspected during off business days as well.
So far, Carlistbid.my has generated more than RM5 million in Gross Merchandise Value (GMV) with an average of 80% increase month-on-month.
"The new inspection hub was our response to cater to the growing demand from consumers and our dealer network. Sellers nearby Shah Alam and surrounding areas can now easily have their cars inspected and sold," said Hamish Stone, CEO of iCar Asia.
Carlistbid.my 6-months Highlights:
Total dealers: 1,500+
GMV: RM5 Million+
Average MoM Growth: >80%
"We are excited with the growth we have achieved for the past half-year, and the new hub will enable the growth to accelerate," he added later.
Visit www.carlistbid.my for more information.
For more information please contact:
About iCar Asia Limited (www.icarasia.com)Listed on the Australia Securities Exchange, iCar Asia (ASX: ICQ) owns and operates ASEAN’s No.1 network of automotive portals. Headquartered in Kuala Lumpur, Malaysia, the company is focused on developing and operating leading automotive portals in Malaysia, Indonesia and Thailand. iCar Asia is continuously working to capitalise on its market-leading positions, with its online properties currently reaching approximately 12million car buyers and sellers in the region every month.
iCar Asia Network of websites: