Latest news with #Carro
Korea Herald
23-05-2025
- Automotive
- Korea Herald
Carro brings back award-winning 'No Drama' ads to celebrate 10 years of revolutionary car buying and selling services for customers
SINGAPORE, May 19, 2025 /PRNewswire/ -- Carro, Asia Pacific's largest and fastest-growing online used car platform, is celebrating thousands of satisfied customers in Asia Pacific since 10 years of inception, in a new campaign that spotlights their drama-free and seamless car buying and selling experience. A second Hong Kong crime genre ad will be released in June. Produced by Carro's in-house team and fully shot in South Korea, the first 'No Drama' ad takes us back to the Joseon Dynasty where even the king cannot escape conniving tricksters who are trying to persuade him to sell off his trusty ride for a fraction of what it's worth. How will Carro save the kingdom from ruins? Carro's 'No Drama' series first launched in 2023 in the form of 3 short films that tapped into typical drama cliches to juxtapose the drama-free nature of buying a Carro Certified car that is As Good As New. The campaign went viral with more than 38 million views in total, and earned Carro six awards at the YouTube Works Awards Southeast Asia, including the Overall Winner for "The Big Bang Southeast Asia" category. Carro Chief Marketing Officer Katherine Teo says, "We've heard what our customers have said over the last 10 years: that selling their car can be stressful, complicated and long drawn. That's why we keep our processes transparent and stress-free, and all the drama they see will only be from our ads – no matter whether they're selling to us or buying a Carro Certified car that is As Good As New. Comedy remains a great medium for us to tell our story and we are so excited to be able to deliver our message in a manner that is entertaining and fresh." Carro offers a 100% transparent and convenient process that allows customers to begin their car-selling journey online at In markets like Hong Kong and Malaysia, customers don't even have to leave their home as Carro staff take the inspection and quotation processes right to their homes. "At Carro, we take pride in setting a new standard of transparency and trust in the used car industry. Our commitment to providing 100% clear quotations and straightforward processes ensures that our customers feel confident and cared for at every step, even if it means appearing at their doorstep," says Carro Chief Operating Officer Chua Zi Yong. "With the understanding that every market is unique, we are deeply committed to delivering the Carro experience in a way that is not only convenient and worry-free, but also truly resonates with what our customers value and need." Since its founding in 2015, Carro has been building its proprietary technologies and tapping into AI solutions to revolutionise the car ownership experience. Carro has grown from a Singaporean used car marketplace to Asia Pacific's No. 1 used car online marketplace spanning 7 markets, complete with a strong in-house ecosystem that includes financing options, insurance offerings and aftersales services. The company also started selling brand new cars in Singapore, with plans to roll out this product line in other selected markets. The ad is running in Singapore, Malaysia, Indonesia, Japan and Hong Kong. Look forward to No Drama Part 2 in June 2025, and head over to for all your car needs. Founded in 2015, Carro is Asia Pacific's largest online used car marketplace. By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. As of March 2025, Carro has started selling Brand New cars in Singapore. Headquartered in Singapore, the unicorn startup has raised over S$700 million from Softbank Vision Fund and several sovereign funds. It recorded its best ever full-year positive EBITDA of S$43 million in FY2024. Together with its subsidiaries and business lines, Carro is supported by more than 5,000 employees across Asia Pacific:
Business Times
22-05-2025
- Automotive
- Business Times
Carro CEO Aaron Tan wants ‘007' staff who can make themselves redundant through AI
Carro was founded as a tech startup with the idea of selling used cars on its platform without a middleman. Its ethos is in contrast to established tech giants such as Meta or Google, which means less largesse in the form of unlimited parental leave or personal project time. 'I don't subscribe to this Silicon Valley kool-aid stuff. I'd say I'm a bit of a Chinese towkay-style boss…old-school in expectations, but modern in trust. I don't micromanage, I'm not breathing down your neck. But I expect you to work hard when it matters – 007, not 996. I'm all about results, ownership, and stepping up when the heat is on,' he said. '996' refers to working from 9 am to 9 pm, six days a week, while '007' is being available 24 hours a day, seven days a week. Both terms spring from China's hyper-competitive tech sector. 007 is a 'baseline' more than a hard rule, he adds, a criterion for weeding out those who are not committed, which benefits the company in the long run. 'As a startup, you cannot carry deadweight. It's super important not to. We want people who want to prove themselves, people who want to be No 1 or win. When you bring such people in, naturally, everybody's level goes up.' Tan admits that his expectation of constant availability has also led to what he describes as some 'cardinal mistakes', such as calling his financial controller while the latter was on honeymoon. 'I honestly didn't know he was away,' he said with a laugh. 'But the idea is to be available as and when needed.' Intelligent agents While the company is adopting more AI and automation, Tan said that it is less about making humans redundant and more about using those technologies for maximum impact. 'I would much rather bring someone that can think about how to use AI effectively in any organisation…if you can make yourself redundant, you can make others redundant and automate more. Make the humans more productive, let them do the high level stuff and leave the mundane **** behind.' That is because Carro has ramped up the application of AI and it has helped its bottom line 'significantly', said Tan. For example, 80 per cent of its customer service in Hong Kong is now fully AI-driven and it has also been implemented to help car salesmen deal with customer queries. Spending less time on things that can be handled by AI, such as car recommendations or vehicle pricing, gives them more time for tasks which humans are better at, such as negotiation. But another major value-add is in giving insights to inform the company's next steps. 'AI can go through millions of call logs and make sense of the data….it can tell you exactly what you want to know. From an optimisation standpoint, this is amazing and something that we didn't have up until one and a half years ago. It has transformed the way we look at locations and procurement, for example.' Instead of choosing the next location based on population or potential market size, Carro analysed call logs from its customer service representatives to find the optimal place instead. That grounded, data-driven approach comes from Tan's background: he has a degree from Singapore Management University's School of Information Systems and a master's degree from the Carnegie Mellon University School of Computer Science. 'I need the data in front of me, and then we will make an educated decision based on the data that we have. That drives the company.' Trust fund Most of his daily work is speaking to investors, at public engagements and the media, company updates, plus board meetings. Tan is on the boards of more than 40 entities, including the Singapore University of Social Sciences (SUSS) and National Library Board (NLB). Despite that, he does not find the duties overwhelming and values the breadth of experience. 'With SUSS, I have learned so much about running a university and even managing an endowment fund, (with NLB) I learned a lot about running and managing physical properties and engaging with the public…these are things I cannot learn just from running Carro.' Tan said that the high level of trust he has in his management team makes this possible. 'I have a very good team of minus ones. The company is self-managed by about 40-50 of them…they are effective in helping me keep my sanity,' he said. That ties back to his management style: While he demands much from his employees, he also gives them trust in return. 'If you do your part, I'll always have your back. It's tough love – with a lot of trust baked in.'
Associated Press
19-05-2025
- Automotive
- Associated Press
Carro brings back award-winning 'No Drama' ads to celebrate 10 years of revolutionary car buying and selling services for customers
SINGAPORE, May 19, 2025 /PRNewswire/ -- Carro, Asia Pacific's largest and fastest-growing online used car platform, is celebrating thousands of satisfied customers in Asia Pacific since 10 years of inception, in a new campaign that spotlights their drama-free and seamless car buying and selling experience. A second Hong Kong crime genre ad will be released in June. Produced by Carro's in-house team and fully shot in South Korea, the first 'No Drama' ad takes us back to the Joseon Dynasty where even the king cannot escape conniving tricksters who are trying to persuade him to sell off his trusty ride for a fraction of what it's worth. How will Carro save the kingdom from ruins? Carro's 'No Drama' series first launched in 2023 in the form of 3 short films that tapped into typical drama cliches to juxtapose the drama-free nature of buying a Carro Certified car that is As Good As New. The campaign went viral with more than 38 million views in total, and earned Carro six awards at the YouTube Works Awards Southeast Asia, including the Overall Winner for 'The Big Bang Southeast Asia' category. Carro Chief Marketing Officer Katherine Teo says, 'We've heard what our customers have said over the last 10 years: that selling their car can be stressful, complicated and long drawn. That's why we keep our processes transparent and stress-free, and all the drama they see will only be from our ads – no matter whether they're selling to us or buying a Carro Certified car that is As Good As New. Comedy remains a great medium for us to tell our story and we are so excited to be able to deliver our message in a manner that is entertaining and fresh.' Carro offers a 100% transparent and convenient process that allows customers to begin their car-selling journey online at In markets like Hong Kong and Malaysia, customers don't even have to leave their home as Carro staff take the inspection and quotation processes right to their homes. 'At Carro, we take pride in setting a new standard of transparency and trust in the used car industry. Our commitment to providing 100% clear quotations and straightforward processes ensures that our customers feel confident and cared for at every step, even if it means appearing at their doorstep,' says Carro Chief Operating Officer Chua Zi Yong. 'With the understanding that every market is unique, we are deeply committed to delivering the Carro experience in a way that is not only convenient and worry-free, but also truly resonates with what our customers value and need.' Since its founding in 2015, Carro has been building its proprietary technologies and tapping into AI solutions to revolutionise the car ownership experience. Carro has grown from a Singaporean used car marketplace to Asia Pacific's No. 1 used car online marketplace spanning 7 markets, complete with a strong in-house ecosystem that includes financing options, insurance offerings and aftersales services. The company also started selling brand new cars in Singapore, with plans to roll out this product line in other selected markets. The ad is running in Singapore, Malaysia, Indonesia, Japan and Hong Kong. Look forward to No Drama Part 2 in June 2025, and head over to for all your car needs. About Carro Founded in 2015, Carro is Asia Pacific's largest online used car marketplace. By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. As of March 2025, Carro has started selling Brand New cars in Singapore. Headquartered in Singapore, the unicorn startup has raised over S$700 million from Softbank Vision Fund and several sovereign funds. It recorded its best ever full-year positive EBITDA of S$43 million in FY2024. Together with its subsidiaries and business lines, Carro is supported by more than 5,000 employees across Asia Pacific: For more information, please visit: View original content to download multimedia: SOURCE Carro
Yahoo
19-05-2025
- Automotive
- Yahoo
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 practices The 2-part campaign will reveal a second film in June Their 2023 'No Drama' campaign garnered more than 38 million views and took home six awards at the YouTube Works Awards Southeast Asia SINGAPORE, May 19, 2025 /PRNewswire/ -- Carro, Asia Pacific's largest and fastest-growing online used car platform, is celebrating thousands of satisfied customers in Asia Pacific since 10 years of inception, in a new campaign that spotlights their drama-free and seamless car buying and selling experience. A second Hong Kong crime genre ad will be released in June. Produced by Carro's in-house team and fully shot in South Korea, the first 'No Drama' ad takes us back to the Joseon Dynasty where even the king cannot escape conniving tricksters who are trying to persuade him to sell off his trusty ride for a fraction of what it's worth. How will Carro save the kingdom from ruins? Carro's 'No Drama' series first launched in 2023 in the form of 3 short films that tapped into typical drama cliches to juxtapose the drama-free nature of buying a Carro Certified car that is As Good As New. The campaign went viral with more than 38 million views in total, and earned Carro six awards at the YouTube Works Awards Southeast Asia, including the Overall Winner for "The Big Bang Southeast Asia" category. Carro Chief Marketing Officer Katherine Teo says, "We've heard what our customers have said over the last 10 years: that selling their car can be stressful, complicated and long drawn. That's why we keep our processes transparent and stress-free, and all the drama they see will only be from our ads – no matter whether they're selling to us or buying a Carro Certified car that is As Good As New. Comedy remains a great medium for us to tell our story and we are so excited to be able to deliver our message in a manner that is entertaining and fresh." Carro offers a 100% transparent and convenient process that allows customers to begin their car-selling journey online at In markets like Hong Kong and Malaysia, customers don't even have to leave their home as Carro staff take the inspection and quotation processes right to their homes. "At Carro, we take pride in setting a new standard of transparency and trust in the used car industry. Our commitment to providing 100% clear quotations and straightforward processes ensures that our customers feel confident and cared for at every step, even if it means appearing at their doorstep," says Carro Chief Operating Officer Chua Zi Yong. "With the understanding that every market is unique, we are deeply committed to delivering the Carro experience in a way that is not only convenient and worry-free, but also truly resonates with what our customers value and need." Since its founding in 2015, Carro has been building its proprietary technologies and tapping into AI solutions to revolutionise the car ownership experience. Carro has grown from a Singaporean used car marketplace to Asia Pacific's No. 1 used car online marketplace spanning 7 markets, complete with a strong in-house ecosystem that includes financing options, insurance offerings and aftersales services. The company also started selling brand new cars in Singapore, with plans to roll out this product line in other selected markets. The ad is running in Singapore, Malaysia, Indonesia, Japan and Hong Kong. Look forward to No Drama Part 2 in June 2025, and head over to for all your car needs. About Carro Founded in 2015, Carro is Asia Pacific's largest online used car marketplace. By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. As of March 2025, Carro has started selling Brand New cars in Singapore. Headquartered in Singapore, the unicorn startup has raised over S$700 million from Softbank Vision Fund and several sovereign funds. It recorded its best ever full-year positive EBITDA of S$43 million in FY2024. Together with its subsidiaries and business lines, Carro is supported by more than 5,000 employees across Asia Pacific: Carro, Asia Pacific's largest online used marketplace with a strong key presence Singapore, Malaysia, Indonesia and Thailand, and a recent expansion into Japan, Taiwan, and Hong Kong Carro Care Powered by Jardine & Cycle, Carro's in-house refurbishment and after-sales servicing capabilities Genie Financial Services, a next-generation fintech automotive financing provider in Singapore, Malaysia, Indonesia and Thailand MPM Rent, leading mobility solutions company in Indonesia specialising in leasing / fleet financing transportation services Innorithm, a next-generation fleet management solutions company leveraging state-of-the art IoT and machine learning Kaidee, Thailand's largest online shopping and classifieds platform For more information, please visit: View original content to download multimedia: SOURCE Carro Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
Bayer Leverkusen CEO Carro dismisses Wirtz agreement with Bayern Munich
BerlincTypeface:> Bayer Leverkusen CEO Fernando Carro has dismissed reports that their playmaker Florian Wirtz has agreed to join Bundesliga champions Bayern Munich. 'I know that it is not true and it is annoying to read reports which are not true,' Carro told broadcasters RTL/ntv late Tuesday. Carro said that the club has a good relationship with Wirtz and his parents, with his father also being his agent. 'Of course Florian has to think about his future, but at least we are not aware - and I can assume that this is correct - that anything has been decided for him,' Carro said. The Bild paper said that 22-year-old German international Wirtz had agreed to join Bayern, either this summer, or next year if their reportedly planned offer of €100 million ($111 million) was not enough. Pharmaceutical company Bayer, which owns the club, has reportedly given the green light for the sale of Wirtz, who has a contract until 2027, but want €150 million. (dpa)
