It’s called CarlistBid.my and simply said, it will connect those looking to sell their cars with dealers via a bidding platform, that consists of over 3,000 dealers.

Sellers will first need to submit a request on the website to schedule a car inspection and valuation service. Once the bidding terms are agreed upon, the cars will be opened to bidding among certified Carlist.my dealers.

Upon acceptance of the best offer, CarlistBid.my staff will assist with the ownership transfer procedures as well as the final payment.

“Connecting sellers directly to dealers would mean a faster turnaround time to close sales as dealers are constantly looking to increase their inventory,” said Chief Executive Officer of iCar Asia, Hamish Stone at CarlistBid.my’s flagship inspection hub next to Regal Valet Auto Detailing Outlet in Kampung Sungai Penchala.

“Over a four-month testing period, CarlistBid.my has closed over RM2.1 million in sales within an average of five days per sale completion. We achieved this with a test group of just 100 from more than 3,000 dealers that already worked with Carlist.my, highlighting our ability to scale up this service in the coming months,” he added.

Opens from Monday to Saturday (10am to 7pm), the CarlistBid.my inspection and valuation hub is located at Lot 2805, Jalan Damansara, Kampung Sungai Penchala, 60000, Kuala Lumpur.