Having established its business 18 years ago, Motto Auction is a position concept as a leader in supplying the highest generation of complex auctions in Thailand. Currently offering online and on-site auction services in Bangkk, Chiang Mai, Phitsanulk and Nakhon Ratchasima, Motto Auction (Thailand) generates more than 6 billion baht according to the year of sales of used vehicles and similar activities, adding logistics, broker and vehicle inspection.
“Aleven, although in a position where we brought real-time online sales technologies for used vehicles several years ago, we have now been released this knowledge to produce and consolidate reliable depreciation values for the attempted used vehicles in Thailand. I am convinced that our first step on MottoRaka.com’s website is to transform and build a new benchmark in the Thai pre-season industry. We are excited to lead the virtual transformation of this a must-have sector,” said Simon Moran, founder and CEO of Motto Auction and MottoRaka.
By providing the maximum logical point of reliability, convenience and complex generation to the position of the used vehicle market in Thailand, this new Thai website is expected to become a blessing to all. By providing real-time data covering more than 30,000 models with important aspects of submodels, mileage, condition and retail vehicle charges, the MottoRaka.com website will provide vehicle buyers and dealers with a personalized assessment and vehicle knowledge study at genuine time. As a result, the result of the depreciation charge can be transparent, fair, and up-to-date.
“As an aftermath of the Coronavirus, health and survival will become the ‘new norm’ priorities of people’s lives. As one of the major results of the nearly 3-month Stay@Home measures, consumers have become increasingly savvy in using digital search engines and e-commerce so we believe this is an opportune time to introduce our new website to imprint some meaningful and effective solutions that are missing from the market. In addition, with a GDP that is expected to contract around 6% with nearly 10 million unemployed and low demand and purchasing power this year, people will be inclined to primarily look to second-hand vehicles either for establishing personal livelihood, reducing their costs or to maintain social distancing rather than take public transport around the country whilst no vaccine against the virus is yet available”, remarked Mr. Moran.
In addition to providing a market position collection guide, the website also acts as an automatic seasonal market positioning platform, offering misleading classified ads for those who wish to buy or sell their vehicles, automatic season news of counternsitive, reperspecives of intense vehicles and similar local and foreign vehicles. popular live trends. . As such, The MottoRaka website will benefit compatibility not only with consumers directly, but also with other similar businesses, such as automakers, car dealerships, banks and tax establishments and insurance companies, as it used to be aware not only to determine the charge of a large apple. type of vehicle before exchanging, buying or selling them. , but also to carry out their own activities more effectively.
In 2019, the position of the used vehicle market was valued at around 140 billion baht and is expected to grow by 5 to 7% this year. However, due to the pandemic, the market position is expected to decline this year through around 1 to 5%, which is even more positive about the hot vehicle segment, which can be enjoyed with a decrease of 30 to 40%.
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