Market Share of Singapore Used Car Industry
The used car market in Singapore is moderately fragmented owing to its competitive nature and the presence of a large number of regional and domestic players operating across the country. While some prominent players are focused on fleet expansion and collaborations, new entrants are focused on widening their customer base by adopting varying strategies.
For instance, in November 2023, SgCarMart, Singapore's leading car platform, announced a partnership with KINTO Singapore to introduce the 'Leasing as an Option' service for used car buyers. Targeting over 800 vehicles on Sgcarmart initially, the program aims to redefine car usage, offering a flexible alternative to ownership.
Singapore Used Car Market Leaders
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Direct Cars Pte Ltd
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Otopac Motors Pte Ltd
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SgCarMart singapore
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Trusty Cars Pte Ltd (Carro)
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Carsome Singapore Pte Ltd
*Disclaimer: Major Players sorted in no particular order
