Ancar Co., Ltd. Changes Name to Cargent Co., Ltd.

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Ancar Co., Ltd. announced its rebranding to Cargent Co., Ltd., along with its service name changing from "Ancar" to "Cargent," to accelerate business growth and enhance its contribution to car users and the industry. The company plans to introduce new AI-powered features and expand its nationwide network, aiming to create innovative car services that benefit both users and dealers.

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Ancar Co., Ltd. announced its rebranding to Cargent Co., Ltd., along with its service name changing from "Ancar" to "Cargent," to accelerate business growth and enhance its contribution to car users and the industry. The company plans to introduce new AI-powered features and expand its nationwide network, aiming to create innovative car services that benefit both users and dealers.

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Source: https://prtimes.jp/main/html/rd/p/000000031.000014896.html | Date: Date unavailable

New ways to buy and sell cars are here. Cargent, the car agent. Ancar Co., Ltd. (Headquarters: 2-13-34 Izumi, Suginami-ku, Tokyo, Representative Director: Fumiaki Okuno) announced today that it will change its company name to Cargent Co., Ltd. and its service name from "Ancar" to "Cargent," with the aim of further contributing to car users and the entire industry, and accelerating business growth. Building upon our achievements and trust to date, we will continue to evolve our car services and accelerate business growth. ■ Background of the Change Until now, as "Ancar," we have operated a peer-to-peer car trading marketplace, working to solve issues such as intermediate costs and complicated procedures in existing automobile distribution. In peer-to-peer transactions, while sellers can sell at a higher price and buyers can purchase at a lower price due to reduced intermediate costs, challenges such as name transfer, transportation, and quality assurance also exist. On the other hand, in the used car industry, web-based customer acquisition and digitalization of operations are not sufficiently advanced. Furthermore, recent scandals have cast a harsh light on the entire industry, creating a structural problem where honest businesses are not fairly evaluated. To address these challenges, we have been working to enhance our online functions and build a system where our affiliated nationwide dealerships serve as "direct sales offices." In 2024, we also established a strategic partnership with Hattori Motors Co., Ltd., which operates a wide range of businesses including automobile sales, purchase, and maintenance. Under their capital participation, we have been strengthening our business foundation. This has enabled us to expand the quality and scope of our services by utilizing Hattori Motors' diverse resources and network in automobile distribution, purchase and sales, and maintenance. We have established a foundation to further deepen our contribution to the entire ind

Ancar Co., Ltd. Changes Name to Cargent Co., Ltd.

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