Martes, Hulyo 1, 2025

The Business of Cars: How Used Car Sales Are Evolving in the Philippines

 

preview The used car market in the Philippines is growing rapidly, driven by digital platforms, increasingly savvy consumers, and a steady supply of pre-owned cars. Mobee Cars leads this shift by offering a complete end-to-end online selling process, from valuation to payment, making car selling easier, safer, and more transparent.

The used car market in the Philippines is experiencing  rapid transformation, driven by digital innovation, growing consumer sophistication, and a maturing automotive ecosystem. With an estimated 400,000 used car transactions per year and an average ticket size ranging from PHP 450,000 to PHP 600,000 per unit, the industry is becoming a more dominant contributor tothe country’s mobility sector. As technology reshapes buying and selling dynamics, the business of used cars no longer resides within dealerships and classified ads—it’s about accessibility, transparency, and efficiency.

The Shift: What’s Driving Growth in the Used Car Market?

Two key forces are fueling the expansion of the used car market:

1. Maturing New Car Market & Increased Supply

- As the new car market expands, vehicles naturally transition into the secondary market after a few years. This steady supply of pre-owned cars is enriching the ecosystem, creating a more structured resale market.

2. Smarter Spending & Digital Access

- More Filipinos are becoming savvy consumers, recognizing the depreciation curve of new vehicles and choosing used cars as a practical alternative.

- The rise of online marketplaces and classified platforms have democratized access to used cars, making transactions easier and more transparent than ever before.

- First-time car buyers are opting for used cars over entry-level new models, often preferring higher-end pre-owned cars over base-model new ones.

How Technology is Reshaping Used Car Sales

The traditional way of buying and selling used cars—through physical dealerships and word-of-mouth—has drastically changed. Today, digital solutions are removing geographical limitations and making transactions more efficient.

Key Digital Trends Shaping the Industry

Online Marketplaces Dominate – The shift to digital platforms has created a more competitive and transparent pricing environment. Buyers now have access to thousands of listings at their fingertips, while sellers can reach more potential buyers instantly.

Pricing Transparency & Competition – With price visibility across various platforms, sellers are more informed, and buyers benefit from market-driven competition, ensuring fairer pricing.

End-to-End Digital Transactions – Platforms like Mobee Cars are digitizing the entire process—from valuation, inspection and listing, to document verification and payment facilitation—eliminating the hassle of traditional selling methods.

The Investment Opportunity in Used Cars

Despite its significant role in the economy, the used car industry in the Philippines is still in its infancy in terms of infrastructure, policies, and financing support. With used car transactions accounting for an estimated 1% of the country’s GDP, the spillover effects—ranging from logistics and storage to financing and after sales services—are massive.

Challenges and Untapped Potential

Limited Financing for Used Cars – Consumer financing is a major driver of new car sales, but banks and financial institutions have low appetite for used car loans due to the risks associated with valuation and transparency.

Lack of Standardized Documentation – The industry still lacks a streamlined process for verifying ownership and condition, leading to transaction risks.

Scattered Supply Chain – Car dealers struggle with inventory consistency, while sellers face difficulties in finding reliable buyers at fair prices.

If financial institutions were to partner with platforms like Mobee, these risks could be mitigated through verified inspections, secure documentation processes, and transparent pricing, making financing more viable for used cars.

How Mobee is Leading the Transformation

Mobee Cars is positioned as the first end-to-end used car platform in the Philippines, bridging the gap between car sellers and buyers. Unlike classified ads or offline auctions, Mobee facilitates the entire transaction online:

- Sellers receive an instant valuation based on real-time market data.

- Vehicles are listed for 300+ nationwide car dealers to bid on, ensuring competitive offers.

- Inspections, documentation, and payments are all handled within the platform, making transactions secure and efficient.

For car dealers, Mobee solves the  supply challenge by providing them with consistent, quality-verified used cars—essentially reshaping the supply chain of used vehicle distribution in the Philippines.

The Future of Used Car Sales in the Philippines

As the market continues to evolve, several factors will shape its future:

- More structured regulations to streamline transactions and protect buyers/sellers.

- Increased consumer financing for used cars as transparency improves.

- Further integration of AI-driven pricing and inspection models to enhance market efficiency.

With a growing economy, shifting consumer awareness, and increased digital adoption, the used car industry is poised for massive growth and transformation in the coming years.

About Mobee Technologies Inc.
Mobee Cars Philippines is an online used car platform that seamlessly connects car owners to our dealers through technology. With Mobee Cars, car owners can ensure they get the right value for their car, complete documentation, and full support from our Car Experts, ensuring everything is taken care of from end to end.

ILDEX Philippines 2025 Expands to Halls 1–4: Setting a New Benchmark for the Livestock Industry | 27–29 August 2025, SMX Convention Center Manila

ILDEX Philippines, the leading international exhibition for the livestock, dairy, meat processing, and aquaculture industries, is proud to announce its expansion to Hall 4 at the SMX Convention Center Manila. Taking place from 27–29 August 2025, this expansion marks the largest edition in the show’s history, reinforcing ILDEX Philippines' role as the premier platform for the industry in Southeast Asia.

The expansion follows the strategic announcement in November 2024 to annualize the Philippine Poultry Show and ILDEX Philippines. Since then, overwhelming interest from both local and international stakeholders has driven the need for additional space. The addition of Hall 4 ensures that the growing number of exhibitors can be accommodated, delivering an even more vibrant and comprehensive experience for all participants.

“In response to the growing interest and increasing number of exhibitors and visitors, we are excited to announce the expansion of the exhibition space for the Poultry Show and ILDEX. This move will allow us to accommodate more participants, showcase a wider range of innovations, and enhance the overall event experience. The additional space will also improve traffic flow, provide more networking areas, and ensure a more comfortable environment for both exhibitors and attendees.

We are working hard to provide exhibitors and visitors with a brand-new experience at the Poultry Show and ILDEX Philippines. We look forward to welcoming everyone to a bigger and better event this year” stated by Ms.Mildred Esquillo, PPS Event Manager, DeltaMan.

An Unparalleled Gathering of Global and Local Industry Leaders This year's edition will bring together an impressive lineup of brands, with 75% of exhibitors representing international companies and 25% from the Philippines. Confirmed national pavilions include major presences from Europe and China, underscoring the global significance of ILDEX Philippines.

Visitors can expect to meet and connect with many of the world’s leading names in the livestock industry, including:

ADM, Alltech, Atlas, Big Dutchman, Bounty, Cargill, CEVA, CP Food Philippines, DSM-Firmenich, Elanco, EQUALIVET, PhilNutri, Philchema, Pilmico, Pure Bioscience, Superiorvet, and Vitarich. These renowned companies represent the full spectrum of the livestock supply chain—from animal health and nutrition to feed production, breeding, genetics, equipment, and processing solutions—showcasing the very latest innovations and technologies.

We have received really positive response from the industry and our clients over the past months since we decided to annualize the show. This has given us a lot more confidence to expand into hall 4, allowing us to welcome more leading exhibitors and participants together in “Philippine Poultry Show & ILDEX Philippines 2025”. This extension is not only reflecting the show’s growth, but also showing our commitment to the development of the livestock industry in the Philippines market.” Mr. Kevin Zhao, Senior Project Manager, ILDEX Philippines, said.

New Highlights for 2025: A Broader and Deeper Focus ILDEX Philippines 2025 will not only continue to be the key platform for the feed and poultry sectors, but will also place a strong new emphasis on the swine and aquatic industries. Dedicated exhibition zones and technical seminars will allow visitors to gain cutting-edge insights and solutions tailored to these rapidly growing sectors.

Exclusive Hosted Buyer Program Launching in June 2025, the Hosted Buyer Program offers selected key buyers with strong purchasing power in the livestock, feed, and aquaculture industries complimentary flights and hotel in Manila. This highly curated program provides exclusive networking opportunities, personalized business matchmaking services, and valuable one-on-one connections between buyers and exhibitors to maximize the business impact of the event. Application details will be announced via email and on the official website. For further information, please contact info@ildex-philippines.com.

A Show Not to Be Missed With a greatly expanded exhibition space, a record number of leading brands, new sector highlights, and enhanced networking opportunities, ILDEX Philippines 2025 is set to be the must-attend event for anyone involved in the livestock, dairy, meat processing, and aquaculture industries. This year’s edition will deliver unparalleled business opportunities, learning experiences, and industry connections—solidifying ILDEX Philippines as the most important livestock event in the region.

About VNU Exhibitions Asia Pacific Co., Ltd.

Secure your place now and be part of the future of livestock innovation at Philippine Poultry Show & ILDEX Philippines 2025. Register now at https://ildexph2025.jupinnothai.net/Registration/ChooseTypeRegis.aspx?codeInv=ILDPH06
 
This Press Release has also been published on VRITIMES

 

Crypto Market Update: July Sparks BTC Momentum, Geopolitical Shifts Drive Investor Sentiment


From institutional moves to geopolitical surprises, the global crypto community is closely tracking a variety of powerful narratives.

July, in particular, has emerged as a potentially pivotal month in shaping the short-term direction of the crypto market. Here's everything you need to know.

BTC Returns to the Spotlight

Bitcoin (BTC) is once again commanding center stage in the crypto landscape. The flagship cryptocurrency is drawing renewed attention as both a market anchor and a long-term store of value.

Several catalysts are contributing to the heightened focus on BTC:

1. Institutional accumulation: Major financial entities are reportedly increasing their Bitcoin holdings.

2. Bullish technical patterns: Analysts note signals pointing toward a continued bull run.

3. Comparative strength: Bitcoin is outperforming several altcoins, prompting a reallocation of capital.

As investors grow wary of regulatory uncertainty in the altcoin space, BTC is increasingly seen as a “safe haven” within the volatile crypto universe.

Why ‘July’ Could Define the Next Crypto Chapter

The keyword ‘July’ has surged in trend metrics, underscoring its significance. Several critical developments are converging this month, including:

1. Bitcoin price targets aiming for highs in late July, fueled by a bullish macro environment.

2. Coinbase's new perpetual futures product launching on July 21, set to attract institutional and professional traders.

3. U.S. Senate debates on two key crypto-related bills: the GENIUS Act and the Clarity Act—both of which may redefine regulatory frameworks.

Multiple token launches and postponed hearings are also scheduled, suggesting that July could act as an inflection point, determining whether the current bullish sentiment has room to run.

Emerging Players: Yapyo, Bakkt, and Bhutan

Besides BTC, several lesser-known names have made headlines:

1. Yapyo: This Arbitrum-based project gained traction after a successful pre-sale campaign and growing community buzz.

2. Bakkt Holdings: The ICE-backed platform filed a massive $1 billion shelf offering with the U.S. SEC, sparking speculation about increased crypto involvement, particularly in Bitcoin custody services.

3. Bhutan’s secret BTC mine: Perhaps the most surprising reveal came from Bhutan, which has quietly mined 12,000 BTC since 2020, now worth over $1.3 billion, or 40% of its GDP. This makes Bhutan the third-largest sovereign Bitcoin holder globally, behind only the U.S. and China. Uniquely, Bhutan’s mining efforts are fully powered by hydroelectricity.

Geopolitical Relief Rallies Crypto

Crypto markets rallied sharply this week following a major geopolitical development. On Monday, U.S. President Donald Trump announced a “complete and total” ceasefire between Iran and Israel, ending 12 days of escalating conflict.

The result? A strong wave of risk-on sentiment:

1. Bitcoin jumped 4.33%, closing above $105,333.

2. Etherium surged nearly 9%, touching $2,420.

3. Altcoins like XRP and Solana posted similar gains.

4. According to CoinGlass, $358 million worth of short positions were liquidated in the aftermath.

Although the ceasefire news gave crypto markets a boost, it’s important to note that some reports indicated renewed tension, suggesting the situation remains fluid.

Regulatory Tailwinds from the Fed

In a separate but significant regulatory development, the U.S. Federal Reserve announced it will no longer consider “reputational risk” in its supervision of banks.

This marks a shift from previous actions, like those seen in Operation Choke Point 2.0, which indirectly pressured banks to sever ties with crypto businesses.

Per the Fed’s statement: “The Board has started the process of reviewing and removing references to reputation and reputational risk from its supervisory materials…”

Crypto advocates like Senator Cynthia Lummis hailed the move as a win for financial freedom, though she cautioned that further reforms are still necessary.

This change is expected to ease pressure on banks that provide custody or other services to digital asset firms, opening the door for broader institutional adoption.

Is the Rally Sustainable?

While optimism is high, not all analysts are convinced the recent surge will hold. Aaron Dishner of The Better Traders Club warned: “…hidden bearish divergence is starting to show up. Markets reacted with relief but the effects may be short-lived.”

This suggests that while the ceasefire and regulatory relief sparked immediate enthusiasm, longer-term bullishness will likely depend on structural developments, such as successful legislation, stronger institutional entry, and continued macroeconomic stability.

Conclusion: Stay Ahead in Crypto

With major developments unfolding, from market rallies to geopolitical peace talks and regulatory shifts, it’s clear that July could redefine the crypto narrative for the rest of the year.

To stay informed with expert insights, real-time analysis, and the latest market updates, follow the Bitrue Blog today. Don’t miss a beat in the fast-paced world of digital assets.

About Bitrue
Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
 
This Press Release has also been published on VRITIMES

The Business of Cars: How Used Car Sales Are Evolving in the Philippines

    The used car market in the Philippines is growing rapidly, driven by digital platforms, increasingly savvy consumers, and a steady suppl...