Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. Those two retail trends have recently collided in Southeast Asia, where Carro, an automotive marketplace and financing provider, reportedly has bought Jualo, an online marketplace for used goods from some 300 product categories.
Amidst all this, the sale of other used goods online continues to gain popularity. Part of that comes from retail waste. Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. And that seems likely to create new opportunities for certain types of online merchants.