Carscoops

Japan Slams Brakes On Used Car Exports To Russia

Since the escalation of the Russo-Ukrainian war in early 2022, Russia started buying up used cars from Japan in record numbers. However, Japan has since moved to bar most used-car sales to Russia.
Business Times

Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding

[SINGAPORE] South-east Asia’s largest online used-car marketplace Carro raised US$60 million in a funding round led by Cool Japan Fund, said the company on Wednesday (Sep 17). The investment is aimed ...
Reuters

Japan puts the brakes on lucrative used-car trade with Russia

TOKYO, Oct 2 (Reuters) - Japan's move to bar most used-car sales to Russia slammed the brakes on a trade nearing $2 billion annually that had boomed in the shadow of sanctions over Ukraine elsewhere, ...
Reuters

Singapore's Carro raises $60 million to promote Japanese cars in Asia

SINGAPORE, Sept 17 (Reuters) - Carro, Southeast Asia's largest used-car online marketplace, has raised $60 million in a funding round led by Japan sovereign wealth fund Cool Japan Fund, the company ...