Jan 25, 2014 (Sat): Carmudi.com, the vehicle marketplace enables customers to easily find or sell their car, motorcycle or commercial vehicle online in Asia, Africa and Latin America has expanded into Southeast Asia after entering Philippines and Indonesia market.
“With rapid growth in the automotive industry in both the Philippines and Indonesia our move into these markets is a logical step in our expansion strategy. Indonesians and Filipinos are driving more cars, trucks and motorbikes than ever, which means the demand is there for a high-quality classifieds platform that meets the needs of both buyers and sellers. Carmudi Indonesia and Carmudi Philippines are on track to become our major markets in Asia. Given these facts paired with the increasing adoption of online services in the whole of SEA, we expect to see a rapid transition from a more traditional offline market to a thriving online community, benefiting both buyers and sellers,” Stefan Haubold, co-founder Carmudi said.