CarTimes Group

What CarTimes Group does

CarTimes Group is a Singapore-based automotive solutions platform founded in 2001 by Eddie Loo and acquired by CARSOME Group in 2022. Operating as Car Times Automobile Pte. Ltd. with 51-100 employees, the company provides an integrated automotive ecosystem covering new and used vehicle sales, rental and leasing programs, consumer financing, motor insurance, commercial EV dealership, and aftersales workshop services. Its core technology is a CARSOME-powered digital platform that enables online car selling with a 3-hour indicative valuation, same-day PayNow payment, and 24-hour transaction completion, complemented by an island-wide physical network of 7 showrooms, 3 service centres, and dedicated workshops supporting both consumer and commercial customers.

The company generates revenue through a diversified mix of one-time vehicle sales (new and used cars), recurring subscription revenue from PHV rental (500+ fleet serving Grab/Gojek drivers) and SWITCH lease-to-own subscriptions, transaction fees from financing (used car loans, COE renewal loans) and workshop services, affiliate revenue from a $200-per-referral PHV program, and one-time license revenue from Linxys commercial EV sales. Pricing tiers are structured by vehicle class — Asian cars below 1,599cc carry the lowest down payments while larger-engine and Continental vehicles carry higher ones. The customer base spans three primary segments: individual car buyers in Singapore (the largest), PHV drivers operating on ride-hailing platforms, and commercial fleet operators in the newly entered EV vertical.

CarTimes' go-to-market is direct-to-consumer through both physical showrooms and digital channels (cartimes.com.sg, Shopee store), supported by a sales representative network and WhatsApp-based customer communication. The company holds CaseTrust SVTA consumer protection accreditation, SGCarMart Premium Dealer status, Enterprise 50 recognition, and Influential Brands Top Brand (2026), positioning it as one of Singapore's longest-standing automotive solutions groups with 350,000+ lifetime transactions facilitated over 22+ years of operation.

Name

CarTimes Group

Legal name

Car Times Automobile Pte. Ltd.

Website

https://cartimes.com.sg

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

CarTimes Group is a Singapore-based automotive solutions platform founded in 2001 and acquired by CARSOME Group in 2022, offering new and used vehicle sales, rental and lease-to-own programs, PHV fleet rentals, financing, commercial EV dealership, and workshop services to individual buyers, ride-hailing drivers, and fleet operators across Singapore.

Ownership category

akta.pro rank

Product category

Automotive Retail and Mobility Services

NAICS

Support Activities for Transportation (488)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Subscription Fleet Operations & Remarketing Providers (THADACAN)

akta.pro secondary industry

Ride-Hailing / On-Demand Mobility for Business (Managed Ground Transport) (TLABALAF)

Keywords

• Automotive retail services
• Vehicle leasing solutions
• Car rental services
• Commercial EV dealership
• Auto financing solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Vehicle Sales: Sale of new and used vehicles through showrooms and online platform. Revenue generated from markup on vehicle transactions.
2. PHV Rental: Private Hire Vehicle rental with flexible contract terms from 1-month minimum. Fleet of 500+ vehicles maintained by in-house workshops.
3. SWITCH Leasing Program: Drive & switch lease to own program with flexibility to switch cars, duration, and convert to ownership. Monthly lease covers road tax, insurance, and servicing.
4. Car Financing/Loans: Used car loans and COE renewal loans provided to customers for vehicle purchases.
5. Workshop Services: Car servicing, repair, accident claims, grooming, and detailing services at multiple island-wide locations.
6. Car Rental: Short and long-term car rental services including SWITCH Rental and PHV Lease options.
7. Commercial EV Sales (Linxys): Sale of Linxys commercial electric vehicles as Singapore's only authorised dealer. Prices from $28,800 inclusive of $15,000 CVES Grant.
8. PHV Referral Program: Referral fees earned when referred customers purchase vehicles and take up PHV financing packages. $200 per successful referral.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

CarTimes Group is an integrated automotive solutions provider in Singapore operating a CARSOME-powered digital platform backed by 7 physical showrooms and 3 service centres. Its core offerings span new and certified pre-owned vehicle sales, the SWITCH drive-and-switch lease-to-own program, a 500+ vehicle PHV rental fleet for ride-hailing drivers, used car and COE renewal financing, an island-wide workshop and accident repair network (CarTimes Autolution), motor insurance, and exclusive Linxys commercial electric van dealership.

Product overview

CarTimes Group is a comprehensive automotive solutions platform providing an integrated ecosystem of vehicle sales, financing, rental, leasing, and aftersales services. The core offering spans new car sales (with 1 Bid COE and 10-year warranty) and used car sales (with certified pre-owned warranty till COE end). Financing is enabled through in-house and bank-used car loans and COE renewal loans. The SWITCH Leasing Program provides a drive-and-switch lease-to-own model with low down payments, while the PHV Lease serves private hire drivers (Grab/Gojek) with an all-inclusive rental fleet of 500+ vehicles. Aftersales support is delivered through CarTimes Autolution, an island-wide workshop network covering servicing, repairs, accident claims, and grooming. The Linxys Commercial EV sub-brand (as Singapore's sole authorised dealer) offers electric commercial vans for fleet operators. The portfolio also includes motor insurance and a PHV Referral Program. CarTimes was acquired by CARSOME Group in 2022 and is now powered by CARSOME's technological infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• New Car Sales Sale of brand-new vehicles from multiple manufacturers (including Toyota, Honda, and others) with 1 Bid COE options and an exclusive 10-year engine and gearbox warranty, available through CarTimes showrooms and online platform for individual buyers and Singapore residents.
• Used Car Sales Sale of certified pre-owned vehicles with free unlimited mileage warranty till end of COE, inspected units, and complimentary grooming, offered to individual buyers through CarTimes showrooms and online platform.
• SWITCH Leasing Program Drive-and-switch lease-to-own program allowing customers to drive brand-new cars with low down payments from $1,000, with monthly leases covering road tax, insurance, and servicing, and flexibility to switch cars, change duration, or convert to ownership.
• PHV Lease (Private Hire Vehicle Rental) All-inclusive Private Hire Vehicle rental program for Grab and Gojek drivers with a fleet of over 500 vehicles, flexible contract terms from 1-month minimum, covering road tax, insurance, servicing, tyre wear and tear, and 24/7 roadside assistance.
• Used Car Loan In-house and bank loan financing options for purchasing used vehicles, provided at competitive rates with flexible repayment plans through CarTimes' financing calculator.
• COE Renewal Loan Financing option enabling customers to renew their Certificate of Entitlement and extend ownership of their existing vehicle, supported by an in-house financing calculator.
• Workshop & Servicing (CarTimes Autolution) Island-wide in-house workshop services covering routine servicing and repair, pre-purchase warranty checks, accident claims and repairs, and grooming and detailing, with IMI-certified mechanics trained on all car makes and models.
• Linxys Commercial EV Dealership Sale of Linxys commercial electric vehicles (PICCOLO and G100R electric vans) for fleet operators as Singapore's sole authorised dealer, with prices from $28,800 inclusive of $15,000 CVES Grant, EV battery assurance packages, and aftersales support.
• Motor Insurance Motor insurance products offered through CarTimes to support vehicle ownership, sourced through Liberty Insurance as preferred partner, with the contact line +65 6989 2366 for insurance enquiries.
• PHV Referral Program Referral program allowing PHV drivers to earn $200 for each successful referral of a fellow PHV driver who purchases a car and takes up PHV financing with CarTimes, with no cap on referrals.

Quantifiable outcome

• 350,000+ transactions facilitated over 22 years of operation
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• JACCS CO., LTD.coreStrategic or Co-development PartnerJACCS and Carsome expanded their auto financing collaboration into Singapore, with JACCS proposing to acquire a 49% equity stake in CarTimes Capital Pte. Ltd. (CTCA), Carsome's auto financing arm in the country. The investment marks JACCS's entry into its sixth ASEAN market and extends a regional partnership first established in Malaysia. CTCA leverages JACCS's consumer lending expertise to support Singapore's auto loan business, where the COE system makes financing critical for car ownership.
• LinxyscoreOEM/ Whitelabel/ Licensing PartnerLinxys is a leading electric commercial vehicle brand from China. CarTimes is Singapore's only authorised dealer for Linxys vehicles, offering the PICCOLO and G100R electric vans. Linxys provides advanced, cost-effective fleet solutions backed by CarTimes' trusted aftersales support and comprehensive EV technology. Prices start from $28,800 inclusive of $15,000 CVES Grant.
• Quantum EVminorChannel Partner/ Reseller/ DistributorQuantum EV is the authorised distributor for Linxys in Singapore. CarTimes operates as the authorised dealer for Linxys commercial EVs, sourced through Quantum EV.
• Liberty InsuranceminorStrategic or Co-development PartnerLiberty Insurance is CarTimes' preferred workshop partner for accident claims and repairs. CarTimes specializes in bringing damaged vehicles back to their pre-accident condition using latest technology and best practices.
• GoalBetterminorGTM or Marketing PartnerPartnership providing GOJEK drivers with up to 22% upfront fuel discounts through GoalBetter fuel programme, exclusive to CarTimes PHV rental customers.
• CDG ZIGminorGTM or Marketing PartnerPartnership with CDG ZIG enabling drivers to reduce commission from 12% to 10% after signing up with CarTimes PHV rental programme.
• CARSOME Regional PlatformsminorChannel Partner/ Reseller/ DistributorPartnership network including CARSOME Malaysia, CARSOME Singapore, CARSOME Indonesia, CARSOME Thailand, Carlist.my, Mobil123.com, Carmudi, One2car.com, Autospinn.com, and Wapcar for expanded regional reach and inventory access.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Carro: Singapore-headquartered online automotive marketplace and used car platform operating across Southeast Asia. Directly comparable to CarTimes as a multi-line auto platform with financing, sales, and dealer network integration.
• Drive lah: Singapore-based peer-to-peer car sharing platform enabling vehicle owners to rent out idle cars. Comparable to CarTimes' SWITCH and PHV rental programs as a competing car access model in the Singapore market.

Broad incumbents

• CARSOME Group: Regional used car ecosystem and CarTimes' parent company, operating in Malaysia, Singapore, Indonesia, and Thailand. Provides technology and platform infrastructure for CarTimes and operates as a broader incumbent in the same automotive retail space.
• Inchcape Singapore (formerly Borneo Motors): One of Singapore's largest established multi-brand automotive retail groups, distributing Toyota, Lexus, and other marques. Comparable as a long-standing automotive distributor with showrooms, servicing, and financing touchpoints, though broader in portfolio than CarTimes.
• Cycle & Carriage Singapore: Long-established Singapore automotive distributor representing marques including Mercedes-Benz, Mitsubishi, and Kia. Operates showrooms, after-sales service, and financing, serving as a direct analog for traditional dealer competition against CarTimes.
• Wearnes Automotive: Established Singapore automotive group representing premium and luxury brands (Volvo, Jaguar, Land Rover, Aston Martin). Comparable as a multi-brand dealership and after-sales service operator competing for similar Singapore customer segments.

Emerging players

• SGCarMart: Singapore's leading automotive classifieds and marketplace platform. Comparable as a digital auto marketplace and ecosystem layer that overlaps with CarTimes' online sales, valuation, and dealer-network activities.
• GetGo: Singapore-based car sharing service offering short-term vehicle access via mobile app. Adjacent peer to CarTimes' rental and leasing business, competing for the urban car-access use case.
• Tribecar: Singapore peer-to-peer car sharing and rental platform. Comparable to CarTimes' SWITCH rental and PHV lease offerings as a competing car access model targeting Singapore consumers and gig drivers.

Regional players

• BlueSG: Singapore electric car-sharing service operated by Goldbell and Bolloré, focused on short urban trips. Adjacent peer to CarTimes' commercial EV dealership and rental operations in Singapore's EV mobility ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cartimesspore
• LinkedInlinkedin.com/company/cartimes-automobile

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CarTimes Group