A senate committee has been formed in order to address a multitude of issues facing the registration process of motorcycles in the Philippines. Particularly, the issues plaguing the implementation of Republic Act No. 11235, or the Motorcycle Crime Prevention Act. Interestingly, the probe of the newly established senate committee has unearthed yet another glaring issue in the local motorcycle industry.
As it would turn out, there are multiple motorcycle dealerships across the country which are guilty of financing-only sales schemes. This means that they outright refuse to accept cash payments from customers, even those who willingly ask to pay for their new bikes in cash. Instead, they force their customers to avail of financing packages which usually come with whopping interest rates no less than five-percent per month. Additionally, video evidence of motorcycle owners having their motorcycles repossessed due to failure to make a monthly payment was presented during the hearing.
The committee stressed that the act of repossessing a motorcycle simply due to a missed payment is unethical, and that the dealerships must first get in contact with the motorcycle owner to discuss other ways of settling the balance. On top of this, Senator Richard Gordon, the head of the senate committee, highlighted a concern regarding dealerships forcing customers to sign promissory notes, which subsequently grants the dealer the authority to repossess a bike without question.
As a result, motorcycle buyers who miss a payment simply because they forgot to deposit the monthly cheque, or make the online transfer, run the risk of having a repo man knocking on their door. These repossessed bikes are allegedly used as demo units for customers to try out, prior to being forced into the same cycle of financing-only sales schemes. To address this problem, the senate committee, in cooperation with the Department of Trade and Industry (DTI), will be issuing a department order outlawing this practice. Instead, motorcycle dealers must offer both cash and financing options to their clients.
The senate committee hearing also pushed for a major increase in the penalty for motorcycle dealerships who employ such malpractice. For reference, the current fine for unfair motorcycle sales practices ranges from PHP 500 to PHP 10,000, or $10 to $200 USD—an amount easily recouped from the financed sale of just one low end moped.
Suzuki Moto Center (SMC)
KServico Trade, Inc.
Location: Metro Manila, Region 1
Location: Region 1
Cyclemar/Hondamar Motorcycle Corp.
Location: Metro Manila, Region 1
Address: #336 10th Ave., Caloocan City
Phone: +632 3674650
102 P. Tuazon Street, Quezon City, Website: ducati.com.ph
5448 South Super Highway Makati, Website: ducatimanilasouth.com
Camus and General Luna Downtown Davao, Website: ducatidavao.com
Main: 213 Maria Clara St. corner 10th Avenue Caloocan City
Website: facebook.com/pages/SYM-Philippines/241482505879396, www.sym.com.tw/eng/
Location: 102 P.Tuazon Street, Cubao Quezon City, Philippines
Contact #: +632-725-0897
Haojue Motorcycles Philippines
Assembled and distributed by NORKIS.
TVS Motors Philippines
Dealer of Maton 150
Location: 351 10th Avenue,Corner 4th Street Caloocan City Philippines 1400
Dealer of Piaggio, Vespa & Gilera
Location: 324 Ortigas Avenue, North Greenhills San Juan, Philippines
Dealer of Motorstar and Yamaha Motorcycles
Wholesaler and Retailer of motorcycle parts & accessories
Location: AB Fernandez, Dagupan City, Pangasinan
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Dealer of MV Agusta an Italian-made motorcycles
Location: 104A Shaw Blvd. Brgy. Kapitolyo, Pasig City
Contact #: (+632) 570 6100/234 9177
Exclusive distributor of Vespa, Piaggio, Aprilia, TVS, MV Agusta in the Philippines
Address: No. 7 Brixton Street, Bo. Kapitolyo Pasig City Philippines
Tel. Nos. : (+63) (2) 570 6100 / 570 6137
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MotoDeal is now the number one motorcycle website in the Philippines
The year 2020 has brought about many changes to the lives of Filipinos and all over the world. A personal vehicle is an empowering asset, and there is none more personal than a motorcycle. Many motorists on the road ride on two wheels for transportation or for their livelihoods. It is the most common form of transportation in this country, whether in the city or in the provinces of the Philippines, motorbikes are a staple on any patch of asphalt or even dirt in our humble archipelago. Every day, countless motorcycles are sold for different reasons, whether it be for a small business, leisure riding, or even as a means to skip the traffic.
Rise of new opportunities
In the year 2019, the Philippines ranked 5th largest market in the world for Motorcycles, presenting ample opportunity for many businesses to set up shop in the country. Big brands like Honda, Kawasaki, Suzuki, Yamaha, KTM, and Kymco have already established production facilities here in the country. Other brands from India and even China are looking into establishing local assembly and production facilities to meet the growing demand for bikes. In the first half of 2020, however, total sales for motorcycles were at about 47.8% less than the first half of 2019 because of the COVID-19 Pandemic and government lockdowns. Physical distancing has become the new normal, necessitating the development of online platforms in order to reach consumers. Given that the Philippines was the fastest-growing market for motorcycles in the world from 2012 to 2019, according to motorcyclesdata.com, it seems that this trend will pick back up by 2021 with a quick and strong recovery expected according to analysts.
The power of AutoDeal, for Motorcycles.
Looking to enhance the buying experience of every Filipino in the country, and to replicate the success that AutoDeal.com.ph has garnered, the SirQo Group, Inc, launched MotoDeal.com.ph with the vision to provide a seamless customer-centric method for purchasing motorcycles online.
After launching in March of 2020, the MotoDeal platform has grown exponentially ever since. Coming from about 60,000 to over 500,000 site visits for the month of September alone, the brand is now the number 1 motorcycle buying website in the Philippines.
Key points in the site’s growth are during the month of February to March, where the number of visitors doubled and remained constant until April after the official launch of the website and its many features. Following this period, the month of May marked one of the biggest increases in site visits with a rate of over 250%.
The next big leap happened in the month of September, with up to 145% rate of growth from the month prior. This brings the total number of visits per month up to 542,539 visitors, a number which is still growing and growing allowed MotoDeal to be the most visited website for motorcycles in the Philippines.
“We’re extremely pleased with MotoDeal’s recent growth. By combining increased audience figures with a rapidly expanding partner network we aim to provide increased accessibility and convenience for consumers across the country. Whether you need a motorcycle for mobility needs, or for more of a lifestyle fit, MotoDeal will enable consumers to compare different models, find special offers and connect efficiently with dealers.” stated MotoDeal Co-Founder & CEO Daniel M. Scott
More with MotoDeal
On top of the site traffic and as an online marketplace, MotoDeal has been able to sign on more dealership groups and OEM brands to further enhance the customer experience when looking for their next motorcycle. With more than three dozen dealerships signed on, customers are assured that their inquiries for their desired rides will be met with competent and trained sales agents. Brands like KTM, Triumph, and Vespa are only some of the marques that are part of the MotoDeal platform, wherein buyers can research, inquire, and get a quote all in one place. News and reviews are also available to help buyers make the right choices in terms of what are the best bikes to buy and what are the best deals that can be had in the Philippines. Much like its sister brand, AutoDeal, MotoDeal features many pages that users can access like a comprehensive bike guide, an up-to-date news section, in-depth and honest reviews, motorcycle videos, how-to features, and even a dedicated promos section for buyers who are looking for the best possible deals for their hard-earned money.
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