Aims to introduce subscription-based services and car leasing
It said through this strategic partnership, Carro’s technology will digitally match traditional car leasing with corporate users in Japan. “Our entry into Japan is the next natural step in growing our regional presence and helping traditional dealers expand their market reach across the country using our AI-technology-backed capabilities.
However, the difficulty of accurately assessing a used car's valuation due to the inconsistent and lack of credible evaluation criteria has led to several barriers to entry within the used car marketplace in the country, it added. SoftBank's key role in Carro Japan will be to tailor services for the Japanese market, including marketing, sales, and collaboration with partner companies.
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