Carsome posts record Q2 profit with $5m EBITDA

Carsome, a Malaysia-based car ecommerce platform, reported an EBITDA of over US$5 million for Q2 2025, marking its most profitable quarter so far.

Its Q2 gross profit rose 19% year-on-year, with growth in both wholesale and retail segments.

Cumulative EBITDA for H1 2025 exceeded US$10 million, up 7x from the same period last year.

The firm cited cost management and operational efficiency as key factors in its results.

Carsome operates an online marketplace for buying and selling used cars across Southeast Asia.

🔗 Source: Carsome

🧠 Food for thought

1️⃣ CARSOME’s profitability coincides with Malaysia’s dominant position in Southeast Asia’s used car market

CARSOME’s record profitability aligns with Malaysia’s leadership in the regional used car sector, where the country generates $6.1 billion in revenue and holds a 33% market share as of 20241.

This positions CARSOME to benefit from Malaysia’s status as the largest used car market in Southeast Asia, which is projected to grow from $18.7 billion in 2025 to $27.7 billion by 20341.

The company’s focus on “quality assurance and post-sale confidence” reflects broader market trends, as franchised dealers now represent 48% of used vehicle sales, driven by consumer demand for certified used cars with warranty coverage1.

2️⃣ Digital transformation creates new revenue streams beyond traditional car sales

CARSOME’s diversified revenue model across wholesale and retail businesses positions it well within Southeast Asia’s expanding automotive e-commerce ecosystem.

The regional e-commerce automotive aftermarket generated $4.3 billion in 2024 and is projected to reach $10.1 billion by 2032, with third-party retailers dominating 80% of the market share2.

This growth is driven by increasing digitalization and consumer awareness of online shopping benefits, creating opportunities for integrated platforms like CARSOME to capture value beyond initial vehicle sales2.