Carmudi has quickly outpaced every vehicle marketplace in the Philippines and currently has about 10,000 listings on their website. After only five months in the market, it has driven its success through the roof in five provinces in Luzon, namely Metro Manila, Laguna, Cavite, Batangas, Rizal and Pampanga. Since then, they have begun operations in the Visayas region last month, starting with metropolitan giant Cebu.
Nicolas Boldt, managing director of Carmudi stated: “Cebu was the next logical choice for us after Manila. Aside from being the second biggest city in the Philippines, the purchasing power of Cebuanos is skyrocketing and driving investments. Carmudi wants to be the platform to help people find their dream car in Cebu. With around 40% internet penetration in the Philippines in 2014 and a booming automotive industry, we are driven to cater to every major city in the Philippines.”
Carmudi has opened its office in the center of Cebu, and like in Manila, the growth has been exponential. The vehicle marketplace differentiates itself from competitors by showing only high quality listings and ensuring trustworthiness. The team personally verifies every vehicle to guarantee that there are no flooded or stolen cars. Before the listing goes online, it also goes through strict quality assurance standards.
“I never used to go online to buy things, especially not something as expensive as a vehicle. However, I started hearing things about Carmudi and saw how much effort they put into making sure that both buyers and sellers get the best possible customer experience. Now, I don’t really have to worry about untrustworthy and unsafe listings,” said one of Carmudi’s long-term clients.
In Cebu, Carmudi aims to offer the same high quality listings and customer service they provide in Manila. Carmudi offers diverse vehicle listings, an intuitive website design and high security standards to avoid fraud. The business platform operates under a high level of transparency through professional photos, updated listings, detailed descriptions, reports and rankings for 100% of its vehicles in each market. At the same time, vehicle dealers get a trusted online presence through a personalized webpage. The Carmudi platform helps sellers manage their inventory in a fast, easy and stress-free way.