sgCarMart awarded the Spirit of Enterprise

The SOE aspires to promote and advance the entrepreneurial spirit in Singapore, focusing on local self-reliant entrepreneurs operating small and medium-sized businesses.

SGCM Pte Ltd, better known to many people for its highly successful automotive website, sgCarMart.com, was given the prestigious Spirit of Enterprise Award.

sgCarMart.com was incorporated in 2004. It started off with the aim of providing the necessary information needed for anyone in Singapore to purchase a car. Advertisement on the website was far more appealing and efficient than on the newspapers. With the wealth of information and images available for any car buyer to view, it quickly became hugely popular.

Being one of the first-movers in the industry, its business model and strategies have proven very effective, making sgCarMart.com the biggest name in the local automotive business today. sgCarMart.com has also been ranked top by Hitwise as the Most Popular Automotive Classified Website for three consecutive years - in 2005, 2006 and 2007.

Growing quickly from start to being the industry leader within the time frame of one year was no easy feat either. It started off with a small and humble group of three and now has expanded to a vibrant team of 15 dedicated and innovative individuals.

Vincent Tan, one of the founders of SGCM Pte Ltd, credits everybody for its success: "This did not occur by chance; everyone in the team had put in effort to ensure that our website content is good and accurate to attract more visitors to the website."

Year 2008 has been another excellent for SGCM Pte Ltd and sgCarMart.com continues to enjoy a constantly growing number of visitors. On average, there are more than 1 million visits every month, generating 20 million page views - a testimony to the popularity of the site.

Most of all, we would like to thank all our viewers for their continued support over the years.