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Thursday, October 13, 2022

AC Motors Launches Trade+, Philippines' First-Ever Online Trade-In Platform


AC Motors becomes the first dealer group in the Philippines to offer a used car online selling and trade-in program. The Ayala-backed group, which holds brands such as Honda, Isuzu, Volkswagen, Kia, and Maxus in their portfolio, launches AC Motors Trade+, a new online channel that streamlines the entire process of selling used cars.

Leveraging the diversified conglomerate’s information technology as well as vehicle distribution and retail expertise, AC Motors Trade+ cuts the entire process of selling used cars to just five days from inspection to payment. The channel also provides end customers with access to tools and resources once limited to trade-in businesses.

With AC Motors Trade+, it enables Filipinos to trade in vehicles from any brand, not just those sold by AC Motors.

Trade-in programs have gained popularity and market acceptance. What has been missing, however, is a platform and system to benefit both clients selling their vehicles and companies willing to use the transaction as equity for a brand-new car.

Existing trade-in programs take an inordinate amount of time—up to three months—before a transaction is completed. In turn, this delays the new-car purchase, risking the customer losing interest in the product and brand altogether. Then comes the risk of losing equitable market value for the car to be traded, opening up opportunities for undesirable parties to take advantage of customers willing to trade their vehicles. Instead of the dealer chalking up a sale of a brand-new model to a happy customer, such a delay would turn a mutually beneficial opportunity around completely, leading to an often irreversible negative customer experience.

With AC Motors Trade+, however, it takes the hassle out of trading in vehicles and ensures the brand-new car gets into their owner’s garage in the quickest possible time.

Using the system is simple:
  1. Customer signs up auction form and schedules an appointment for getting the car inspected
    The process begins with the customer signing up for the program and submitting their used vehicle information for proper inspection.
  2. Full vehicle inspection in 48 hours; unit listed for auction
    The details obtained during the inspection will then be uploaded into the Trade+ system where interested parties can negotiate for a fair price. Prices are determined by cutting-edge technology that scours multiple online sources ensuring the proper market price.
  3. Payment received in 5 days
    When the customer accepts the price, the deal is finalized with the proceeds going to finance the customer’s new car of choice.
The best part is that customers can trade in their old vehicles—no matter the brand—and drive home with a brand-new vehicle from AC Motors. The customer also has the option to just sell his or her used vehicle and not trade in. Either way, customers are assured of a quick, efficient, and safe process.

According to AC Motors, Trade+ offers the best vehicle value pricing, the speed with the instant appraisal by valuation experts, and the convenience with an integrated service that suits customer needs.

For more information on AC Motors Trade+, click here.

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