‘Worrisome’ is More Like It

These announcements worry me.
These investments worry me.
I find Carsome, frankly, worrisome.

Maybe there is more to this than meets the eye.  However, maybe there is not.

“We are on track to hit break-even point by early 2019,” Cheng said when asked about the startup’s route to profitability.

I will believe that when I see it…As of now, I would bet against it, but we can revisit it together in early 2019, if you would like.

And then there is this…

BMI Research estimated that vehicle sales in the region outpaced the rest of the world last year. Total new vehicle sales in the Association of Southeast Asian Nations (ASEAN) were expected to increase 8.1 percent in 2017…

But that research is based on ‘new vehicle sales’…

While this data relates to brand new cars, Cheng thinks that it is indicative of the potential in the used-car market too.

I would like to see the correlation data on that leap of logical faith.

This may be a good investment if you are making a consolidation bet, but…

…it is not the only player aiming to become a one-stop shop for Southeast Asia’s auto traders.

Color me worried…

Read the article here

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