FOR IMMEDIATE RELEASE
MUDAH.MY AND MUV ANNOUNCE STRATEGIC PARTNERSHIP
TO GIVE MALAYSIANS THE LARGEST CHOICE OF
INSPECTED USED CARS WITH WARRANTY
Kuala Lumpur, August 18, 2021 – Mudah.my, Malaysia’s largest marketplace and MUV, a pioneer of ‘Offline2Online’ and Malaysia’s first end-to-end vehicle bidding platform have partnered to create the largest selection of inspected and used cars with warranty in Malaysia.
Through this strategic alliance, Mudah.my introduces the Mudah Vehicle Inspection & Protection (mVIP) program. The mVIP program aims to give used car buyers assurance and a peace of mind for their vehicle purchase by removing any uncertainty and doubt with three assurances: the first is by verifying the car registration and ownership details, the second is by verifying the true condition of the car via a comprehensive inspection process and the third is to offer the opportunity for buyers to purchase an extended warranty to protect against future repair costs.
Together, Mudah.my and MUV believe in the use of technology to make selling and buying used cars easy and transparent. Mudah.my currently has over 7.5million monthly unique visitors and over 60,000 cars for sale. With the addition of MUV’s network of trained inspectors to generate online reports, Mudah.my’s mVIP will be able to bring Malaysians the largest selection of used cars that have been inspected with warranty in Malaysia.
“Understanding the true condition of a used car has been the biggest problem for buyers and sellers. By introducing mVIP, we are creating a transparent and trusted car marketplace by providing an unbiased report on the true condition of the vehicle being bought.
For even greater peace of mind, we are also able to offer Extended Warranty on the inspected vehicles through the mVIP program,” said Gaurav Bhasin, CEO of Mudah.my.
Andy Teh, CEO of MUV says, “We are very excited to be working with Mudah.my through this strategic alliance and to provide them with our expertise in used vehicle inspections through our nationwide network of inspection centres and hubs. If the seller is not able to come to our centres for the inspection, we are also able to send our team to their doorstep to make the process of buying and selling their used vehicles as convenient as possible.”
“MUV’s comprehensive 180-point inspection report of vehicles has been relied upon for over RM1.2 billion worth of vehicle transactions on MUV’s online bidding platform. The reports are widely accepted as the gold standard used by dealers throughout the country to help them trade used vehicles without being physically present to look at the vehicles beforehand”, he continued.
mVIP is the first of many programs that will be offered through this strategic alliance in between the two automotive industry marketplace veterans.
In addition to address one of the pain points of trying to sell a car by yourself in Malaysia, Mudah.my and MUV will also offer an end-to-end facilitation service that includes the ownership transfer (JPJ), car inspection (PUSPAKOM) and financing arrangements for a small fixed fee.
This eliminates the need for car owners to engage the services of (quite often expensive) middlemen when they are unfamiliar with the process, and especially if financing is required by their potential buyer – which is a major barrier for selling through the private market in Malaysia. .
“Today, Mudah.my is also the best place for car owners to make the most amount of money when selling their car. Car owners get between 20% to 40% more when they sell their car on Mudah.my” Peter Wong, Head of Mudah Auto.
Car owners and buyers can opt to complete their sale and transfer of ownership by just visiting selected MUV centers throughout Malaysia to drop off their vehicle and to pick it up once the name transfer has been completed. For more information, Malaysians are encouraged to head onto https://www.mudah.my/mvip/ or download the Mudah.my app to browse through the car categories.
About Mudah.my Sdn Bhd
Mudah is part of Carousell, one of the world’s largest and fastest growing marketplace platforms in Southeast Asia. Launched in August 2012, Carousell began in Singapore and now has a presence in eight markets under the brands Carousell, Mudah, Cho Tot and OneKyat. Carousell is backed by Telenor Group, Rakuten Ventures, Naver, Sequoia Capital, and Naspers. Visit www.carousell.com for more information.
About MUV Marketplace Sdn Bhd
MUV Marketplace, is Malaysia’s first offline2online used vehicle bidding platform. With a success rate of 90% in confirmed transactions in 2020, muv has one of the highest gross merchandise value (GMV) in transactions among used car bidding platforms in Malaysia (RM1.3 billion worth of vehicles sold as at June 2021).
MUV also has access to a large network of used car dealers of over 5,000 dealers with coverage across Malaysia with hubs in major states such as Selangor, Penang, Johor, Perak and Melaka. At these hubs and inspection centres, muv conducts thorough 180-point car inspections on cars that are listed on MUV for sale through their retail platform or their bidding platforms.
Leveraging on its strategic locations, MUV provides fast and free walk-in car valuations at MUV hubs as well as partner centers so consumers can know the value of their car. At the hub, consumers can also choose to list their vehicles on muvbid to sell their car to thousands of potential buyers.
Visit www.muv-x.com for further information on muv’s services and more.
For media enquiries, please contact:
|Mad Hat Asia
Foo Hui Shan
+6012 295 1732
|Mudah.my Sdn. Bhd