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Online Car Classified Carmudi reports growth in the Philippines

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Online vehicle marketplace Carmudi has attracted over 6.4 million visitors during the second quarter of 2015 — a big 17.6% increase over its first quarter listing. The company shows no sign of slowing down, after raising $25 million funds in February, launching their iOS app and crossing two million vehicle listings. This continued growth marks the service as an ideal platform to find cars, motorcycles and commercial vehicles online.

Globally, the number of monthly visitors grew in all 20 countries, including Sri lanka, Ivory Coast and Vietnam, showing an exceptional 68-percent growth in visitors and traffic.

With the increase of mobile phones usage, the company already hit over 3 million mobile visits in May with 35% from January 2015 and more than 150,000 of visitors per month visits via Carmudi apps. The highest numbers of iOS app visits are in Vietnam, Nigeria and in Bangladesh. One of the main reason it become a huge success is because the company designed apps for even the slowest internet connection.

Launched in end of 2013, the online car classifieds now operates in 20 countries across Africa, Asia, Middle East and Latin America and already been the market leader in Bangladesh, Myanmar and the Philippines. With over two million listings in the past year, Carmudi is on the track to become the number one place to buy and sell cars in the emerging markets.

“So far, 2015 has been a stellar year for Carmudi and we will continue to provide our users with the best car shopping experience and to be number one in the industry. We want Carmudi to be a household name, a one-stop-shop for all car related subjects. In the Philippines, we are experiencing a significant growth in terms of numbers – from our listings to operations. In couple of months, we are targeting to set a new satellite office in Davao as part of our expansion. We only focused where there is a huge demand and where we can be the market leader,” said Subir Lohani, managing director of Carmudi Philippines.

Recently, the company unveils a report of survey conducted online for both car buyers and car dealers that provides a global view of consumer-purchasing behavior and automotive sales across the emerging market.

To know more about the site, you may log on at www.carmudi.com.ph

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