eBay Philippines launches auction site for large-scale vehicle selling

Click and sell (or buy)
May 27, 2011

eBay Motors Philippines

Large-scale car-selling is now more convenient as eBay Philippines has launched eBay Motors Philippines as a vehicle-trading platform for financial institutions and leasing companies, car manufacturers and corporate groups.

eBay Philippines country manager Muralikrishnan B said eBay Motors provides "a high-velocity transaction platform for corporate to liquidate their used vehicle inventory in the most efficient and transparent manner."

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"We have successfully pioneered the B2B Motors concept in India and have brought this domain expertise to set up the Philippines Motors business," the eBay executive said.

B2B, or business-to-business, transactions are expected to grow further in the Philippines as connectivity and data accessibility expands.

"We believe the B2B Motors platform will add significant value to corporates, and buy-and-sell dealers in the country who want to efficiently trade their motor vehicles," sa eBay Philippines business head Abhimanyu Lal.

eBay said it received a "good initial response" when it held a concept auction involving three major banks and over 75 Manila-based used-car dealers to try out eBay Motors Philippines.

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