The market for used cars is growing in many countries. People are inclined towards buying used cars due to various reasons. One of the many reasons for buying used cars is that used cars are generally more affordable than new cars. Buyers of used cars have to pay lower registration fees and fewer hidden costs.
Plus, choosing a used car also helps the environment by reducing the demand for cars. It also helps in reducing emissions from manufacturing new cars. Used cars often have good financing options as well. Plus, used cars depreciate more slowly than new cars, which gives consumers better value in the long run. One can find a variety of vehicles within budget, and insurance costs are typically lower too which makes it pocket-friendly.
The used car market in Malaysia is estimated to be worth US$25.14 billion in 2024. With a compound annual growth rate (CAGR) of 5.40%, it is projected to grow to US$35.25 billion by 2029. This market is dynamic and rapidly changing. It is influenced by economic conditions, consumer preferences, regulations, and technological advancements.
As new car prices are rising, many consumers are opting for pre-owned vehicles. Consumers are opting for used cars because pre-owned cars have lower initial costs and lower depreciation rates. The convenience of online platforms has also expanded the market reach, which is attracting tech-savvy buyers. Overall, the used car market in Malaysia is set for continued growth, which is driven by changing consumer needs and market trends.
Trusted Used Car Selling Websites Malaysia
Here is a list of the top used car-selling websites in Malaysia. Used car-selling websites help people find pre-owned cars according to their budget and requirements.
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Carlist
Carlist is Malaysia’s leading online automotive platform. It connects car buyers and sellers through a user-friendly site. With over 190,000 listings of new, used, and recon cars, it caters to a wide range of consumer needs. The platform also offers services like car financing, insurance, and warranties, ensuring a hassle-free experience.
Carlist features a selection of pre-inspected second-hand cars. It provides quality assurance with third-party warranty coverage through its qualified program. The site attracts over 4.1 million monthly visits and has a strong presence on social media. Its strong user base reflects its popularity and trustworthiness in the market.
Carlist is committed to delivering a comprehensive and enjoyable experience for anyone interested in buying or selling cars in Malaysia.
CARSOME
CARSOME is the largest integrated car e-commerce platform in Southeast Asia. It operates in Malaysia, Indonesia, Thailand and Singapore. Its goal is to improve the used car buying and selling experience through digital solutions.
CARSOME offers end-to-end services for consumers and used car dealers. Its services include car inspections, ownership transfers, and financing. The process of buying and selling cars starts with an online appointment, which is followed by a free 30-minute inspection at a CARSOME center. A detailed car condition report is provided to the customers after the inspection. Customers receive an immediate offer or can choose to have dealers bid on their car. CARSOME handles all the paperwork to make selling easy.
CARSOME simplifies the experience of buying cars. It provides a platform to customers where customers can browse available cars online, viewing 360-degree images and detailed reports of each vehicle. They can also book test drives easily. All CARSOME Certified cars come with a 1-year warranty and a 5-day money-back guarantee. It ensures quality and peace of mind for buyers. CARSOME aims to make the entire process of buying and selling used cars straightforward and efficient.
Motorist
Motorist is a reliable platform for car owners to connect with genuine buyers and get professional help. Motorists have assisted over 1 million drivers. It has facilitated RM5 billion in secure vehicle transactions. The company has grown from a one-person operation to a team of over 130 employees. Motorist expanded into the APAC market, which started with Malaysia and later entered Thailand, Vietnam and the Philippines.
Today, Motorist is an AutoConcierge platform that helps drivers not only with vehicle transactions but also with managing all aspects of vehicle ownership.
Carro
Carro is an online marketplace for buying and selling used cars. It operates in Malaysia and other countries in the Asia Pacific. The platform uses AI and proprietary pricing algorithms to ensure a trustworthy and transparent experience for users.
Carro began its operations in Malaysia in 2019 after acquiring the online car-bidding platform myTukar.
Carro offers various services in addition to car sales. Its services include in-house car financing, car insurance and after-sales maintenance, service and repair. Carro aims to transform the traditional car buying and selling process through innovative technology and comprehensive support.
PilihCar
PilihCar is a car marketing and buying platform. It is focused on making a positive impact in the ASEAN automotive industry. The platform empowers car sellers and buyers by providing essential data, technology and digital tools to facilitate successful deals.
PilihCar connects all parties involved in car transactions. It offers efficient end-to-end solutions for both consumers and dealers. U using PilihCar’s services users can access a range of services, including car inspections, ownership transfers, and financing paperwork, all in one place. Additionally, the customer support team is always available to provide timely and unbiased assistance.
PilihCar believes that there is a significant market opportunity for everyone in the automotive sector as long as the right conditions are met. Users are encouraged to buy, own, and sell their vehicles through PilihCar today.
CariCarz
CariCarz is a modern vehicle trading platform. It is designed for buying and selling cars easily and conveniently across Malaysia. It recognizes today’s busy lifestyles. To help customers, CariCarz allows users to trade their cars with just a few clicks. It offers a wide selection of new, used, and recon vehicles.
The platform connects millions of buyers and sellers. It provides a remarkable user experience. CariCarz is built by a passionate team with experience in creating a digital automotive marketplace where car shoppers can explore their options thoroughly. They work with a network of certified dealers who share their values of truth, transparency and fairness in car trading.
CariCarz helps users make smarter buying and selling decisions, ensuring a happier driving experience by filtering a variety of leading car brands.
Mudah
Mudah is a marketplace in Malaysia where users can easily buy and sell new and used goods. The platform connects millions of buyers and sellers each month. It provides a great user experience. Every Malaysian can find items to buy or sell on Mudah.
The site offers a wide variety of products, including cars, cameras, properties, pets, mobile phones, motorcycles, fitness equipment, textbooks, bicycles and much more. Users can post ads to facilitate their transactions.
Mudah is part of Carousell. Carousell is one of the largest and fastest-growing marketplace platforms in Southeast Asia.
Zigwheels
Zigwheels Malaysia is a comprehensive platform for everything related to the automotive industry. It offers valuable resources and information tailored to the Malaysian market. It serves a diverse audience, which includes potential buyers, car enthusiasts, and industry professionals.
The Zigwheels Malaysia website and mobile app provide a wealth of content. It features the latest local and international auto news, expert reviews of cars and bikes, detailed specifications, prices, images, comparisons, and videos for various brands such as Perodua, Proton, Honda, Toyota, Nissan, Mercedes Benz, and BMW.
Additionally, Zigwheels Malaysia covers important topics like electric vehicles, charging infrastructure and the latest trends in the EV market. Users can read real experiences from other Malaysian car owners, get answers to common questions about vehicles and utilize tools like an EMI calculator and insurance plans to simplify vehicle ownership. The platform also highlights current promotions for cars and motorcycles available in Malaysia.
WapCar
WapCar is a comprehensive automotive content hub designed for Malaysian users to browse and purchase new cars. WapCar became one of the two most visited automotive websites in Malaysia within just one year of its launch.
The platform offers a wide range of content related to car browsing, buying, and ownership. It uses advanced technology to help users find their ideal car and engage with automotive topics. Wapcar takes an objective approach to its reporting and uses quantitative measurements and scientific methods to provide unbiased and reliable car reviews.
Additionally, WapCar utilizes innovative technologies to create an immersive experience for users. It features a mix of professionally produced content (PGC) and user-generated content (UGC), as well as entertaining media, creating a fun, interactive, and engaging environment for all users.
Motor Traders
Motor Trader Malaysia is a top online platform for buying and selling used vehicles. It serves both consumers and dealers. It offers a wide variety of listings, which include cars, motorcycles, and commercial vehicles, all with detailed descriptions, images, and clear pricing.
The site is designed for easy use. It features advanced search filters that help users to find what they need quickly. Sellers can create detailed ads to attract a large audience. The platform also partners with financial institutions to provide financing options and offers vehicle history reports to ensure transparency.
Motor Trader publishes articles and news about automotive trends and maintenance tips in addition to vehicle listings. Their mobile app makes it easy for users to browse and manage transactions while on the go. Motor Trader Malaysia is a trusted resource that supports the used vehicle market and helps grow the automotive industry in the region.
Conclusion
The growing middle class and increasing urbanization is creating a strong demand for reliable and affordable transportation. The used car market offers a diverse range of vehicles, from compact hatchbacks to large SUVs, catering to different budgets and preferences.
As the world continues to grow, it is essential to make the most of our resources. Buying used cars not only helps the environment but also reduces the need for new manufacturing. But it also supports consumers who need a vehicle for their daily lives.
