Used car dealers to set up 'largest online portal'

Led by Mr Eddie Loo, managing director of CarTimes Automobile, the group of 20 traders is raising $5 million with the aim of rolling out the site by early 2019.
Led by Mr Eddie Loo, managing director of CarTimes Automobile, the group of 20 traders is raising $5 million with the aim of rolling out the site by early 2019.PHOTO: ST FILE

SINGAPORE - Feeling the heat of competition from online sites, used car traders are banding together to set up their own portal.

A group of 20 traders led by Mr Eddie Loo, managing director of CarTimes Automobile, is raising $5 million with the aim to roll out the site by early next year.

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