OLX Reveals Most Searched Vehicles and Motorcycles

Wondering which vehicles were trending in 2018? According to leading classifieds portal OLX, the Honda Civic and the Yamaha Mio are the most searched car and motorcycle models, respectively, from January to November 2018.

Known for its performance, durability and versatility, the Honda Civic has been a consistent most-searched vehicle on OLX and has remained as a popular choice in the pre-owned market. It can function as a daily driver and even as a race car. The Japanese car is also popular among enthusiasts who love to pimp their ride.

The Toyota Fortuner comes close as the second most searched and is followed by the Toyota Innova. The other popular models are the Mitsubishi Pajero, the Mitsubishi Montero Sport, the Toyota Hilux, the Toyota Vios, and the Mitsubishi Lancer. Completing the top 10 most searched list are vans: the Toyota Hiace, and the Hyundai Starex.

Two-wheeled rides are also becoming more popular because of their affordability. And when it comes to the most searched motorbike model, the Yamaha Mio scooter tops the list. Coming in second is the Suzuki Raider, which is known for its powerful engine.

In terms of motorcycle brands, internet users have been curious about aspirational brands Ducati, Vespa, and Harley-Davidson. Kawasaki and Rusi, though not as upscale as the previous brands, are also frontrunners. When it comes to motorcycle body types, many users searched for “scooter” followed by “big bike,” “400cc,” and “café racer.”

The data presented are based on the searches from January 1, 2018 to November 21, 2018 on OLX, the classifieds platform that has the most number of car and motorcycle listings in the Philippines.

“It’s interesting to see which car models the market is looking up online. The most-searched list, which has some regulars and new nameplates, reveals consumers’ preference in 2018. Because of the upswing in motorcycle demand, the first-ever roundup of the most popular motorbike brands and models in terms of search this year is also available,” says Manuel Roman, OLX Philippines’ Head of Cars. “We value our customers’ needs, so we make sure we are leading in both volume and quality of listings. Our platform should be able to help people find the ride they are looking for, whether it’s a car or a motorcycle.”

OLX Philippines is part of the OLX Group, the world’s leading classifieds platform in growth markets. Having 17 brands worldwide, OLX Group is available in more than 40 countries, where its market-leading trading platforms are being used by more than 330 million people monthly.

About OLX

OLX Philippines is part of the OLX Group, the world’s leading classifieds platform in growth markets. It is available in more than 45 countries and over 50 languages. OLX connects local people to buy or sell brand-new and pre-owned items and services by making it fast and easy for anyone to post a listing through their mobile phone or on the web. Every month, hundreds of millions of people in local markets around the world are already using OLX’s online marketplace to find and sell a wide range of products, including furniture, musical instruments, sporting goods, cars, kid and baby items, motorcycles, cameras, mobile phones, property, and much more.

OLX’s Holiday Party Essentials

Hosting a party for the upcoming holidays? Let it be a party to remember by adding all the essential party elements available on OLX, the world’s leading classifieds platform, and become a party insider by having free access to the hottest party favors listings:

Balloons decoration

What’s a party without balloons, right? Make your party even more festive and picture-ready by decorating the venue with colorful balloons. The air-filled kind can be used to create different designs and figures, while the helium-filled balloons, which are floating or giant confetti-filled ones, are sure to add wow factor to any party. You can even use them for your party’s games.

Stage design

A great stage design is essential for a memorable experience and is a key element to inspire guests. There are so many different ways to refresh your stage design by using LED as a backdrop, tarpaulin, and customized figures, among others. Make every performance special by adding a stage design like this on OLX so all your guests can see every song or dance number prepared especially for the occasion.

Tables and chairs

Set the scene of your next party with a contemporary table setting that welcomes guests with gorgeous table decorations including centerpieces, favors and table accessories. You can choose from a lot of party rental items online depending on your budget. Check out a great selection of party table and chair rentals on OLX.

Lights and sounds

It’s never really a party without the lights and sounds, whose suppliers can be found on OLX. They provide uplighting, crazy effect lighting, and sounds to liven up your party.

Food

Catering is becoming a more popular choice for events where everything, including the food, drinks and service, is important. Provide good, hearty dishes for your guests by choosing from a list of catering services available on OLX.

Entertainment

Hire a comedian who can poke some fun at your friends or book a professional live solo or band performers to take your party to the next level. Find performers ready to provide entertainment to your guests on OLX.

Party giveaways

End your big day on a high note with a unique party favor your guests are sure to love. Favors such as customized mugs, pillows, bags, and shirts can be your options. Find more party favors, unique party gifts, and custom supplies to make any celebration more fun and exciting on OLX.

Check out all your party needs on OLX (https://www.olx.ph/).


About OLX

OLX Philippines is part of the OLX Group, the world’s leading classifieds platform in growth markets. It is available in more than 45 countries and over 50 languages. OLX connects local people to buy or sell brand-new and pre-owned items and services by making it fast and easy for anyone to post a listing through their mobile phone or on the web. Every month, hundreds of millions of people in local markets around the world are already using OLX’s online marketplace to find and sell a wide range of products, including furniture, musical instruments, sporting goods, cars, kid and baby items, motorcycles, cameras, mobile phones, property, and much more.

OLX Philippines Reveals Vehicle Types with the Best Resale Value

Is a vehicle’s resale value one of your considerations before purchasing a car? If it is, your best bet is a pickup truck, according to data released by the world’s leading classifieds platform, OLX. Vehicles in this particular classification, on average, take about 9 years to lose 50 percent of their suggested retail price (SRP).

Based on a sampling from OLX’s secondhand car listings in the country from August 2017 to August 2018, the extensive data comprises the top 11 automotive brands based on 2017 sales volume. On average, it takes 5.10 years for a vehicle’s SRP to get slashed to half, according to this sampling. Pickup trucks, multipurpose vehicles (MPVs), and vans, however, performed above average and take more time before they lose 50 percent of their value.

“A number of factors affect the pickup truck’s robust resale value,” says Manuel Roman, OLX Philippines’ Head of Cars. “The versatility and reliability of pickups make them desirable vehicles. In the brand-new vehicle market, light commercial vehicles--one of which is the pickup truck--are popular choices among consumers. In the secondhand market, the demand for pickups remains high. Without an oversupply in the market, they keep their value well.”

Meanwhile, car buyers looking for seven-seaters should consider including MPVs on their shortlist if they want a vehicle that doesn’t depreciate fast. Compared to sport utility vehicles (SUVs), MPVs keep their value longer: It takes 7.06 years on average before they lose half of their SRPs. SUVs, on the other hand, slash their value by 50 percent after 5.04 years. The infographic below shows the average number of years it takes before a particular vehicle classification loses 50 percent of its SRP.

The OLX data shows that on average, three-year-old vehicles retain 62 percent of their SRPs. When automobiles reach their fifth year, they keep 52 percent of their value. On the 10th year, the vehicle’s value becomes 33 percent of its SRP.

OLX Philippines’ analysis of the data found that Mitsubishi, Isuzu, Nissan, and Toyota vehicles do not depreciate as fast as other brands. It takes Mitsubishi and Isuzu vehicles an average of 6.03 years before their price reach 50 percent of their SRP. Nissan-badged vehicles take 6.02 years before they lose half t of their value, while Toyota cars take 5.89 years.

It is important to note that just because a particular brand cuts its SRP by 50 percent earlier than average doesn’t mean it’s a substandard one. One of the factors that can affect a car’s depreciation is demand. The desire for vehicles bearing the badge may not just be as high as the other brands. In addition, o wners of these vehicles may be keeping their cars longer and sell only when the cars are older. Hence, the listings under these brands have relatively lower value compared to other marques.

OLX Philippines connects millions of Filipinos to buy and sell brand-new and used items, including automobiles and motorcycles, via their mobile phones or the web. Every month, around 45,000 vehicle listings are posted on the OLX platform. More than 1.4 million users log in to OLX monthly to check out the cars available or to post one for sale.