Following Successful Beta Launch in 2022, Motobyo Poised for Explosive Growth

motobyo

PHILADELPHIA, PA — Motobyo, the tech-driven used car marketplace, is looking back at the past year’s successes and preparing for explosive growth in the year ahead.

Since the “beta” launch in their hometown Philadelphia market, Motobyo has gained greater brand awareness and organic customer growth with increasing usage of its online auction marketplace that connects used car sellers and buyers.

Through its digital advertising outreach and social media engagement across the Philadelphia region, the Motobyo platform has demonstrated its ability to meet the needs of consumers whether it’s the immediacy of a cash offer or maximizing value on its retail auction platform.

“In 2022, we completed a $2.5 million round of funding to support the launch of the business and our ongoing operations,” said Ron Averett, CEO of Motobyo. “We are particularly pleased with the traction of the business. In this brief period, we are already experiencing more than 1,200 individuals requesting our vehicle liquidation services monthly. And we made great progress building our partner relationships with national brands in auto financing, insurance, extended vehicle protection and DMV services. Looking ahead, we see a clear roadmap for broader expansion across the Northeast.”

Providing services and products to everyday consumers that are traditionally associated with automobile dealerships, Motobyo’s national partnership network includes Firestone Complete Auto Care, Tires Plus and Wheel Works, Meineke, Midas and Your Mechanic (car inspection and service); Credible (financing); The Zebra (insurance); Acertus (titling); Carfax and AutoCheck (car history); Ekata (customer ID verification); and uShip (vehicle transport).

Motobyo has also partnered with over 30 Philadelphia-area dealers as buying centers to support its cash offer solution. Plans for 2023 include expansion beyond the Philadelphia DMA into other northeastern markets, including North Jersey, New York, Baltimore and the DC / northern Virginia metro area.

READ:  State Senators Present $1.1 Million Check to Temple Health

Averett added, “We are excited to be adding to our marketplace the Motobyo Store sometime during the first quarter. The Store will provide consumers direct access to a breadth of transacting and vehicle services to assist them in meeting their everyday auto-related needs.”

“While the general theme of the business this year will be on expansion, our overriding focus will continue to be on demonstrating how Motobyo can assist vehicle sellers in maximizing their value and providing our buyers access to a fantastic selection of inventory.”

To learn more about Motobyo, visit https://motobyo.com.

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.

Thanks for visiting! Looking for some Chester County pride? We got you covered! Shop our MyChesCo store and show your love for Chester County, Pennsylvania. We got shirts, hats, and more – all with a unique ChesCo flair. Plus, proceeds from each purchase helps support our mission of bringing reliable information and resources to the people of Chester County.