2024-10-08
Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that it will begin operating TOYOTA TSUSHO AUCTION (“TTA”), a service providing information on used car auctions, on October 8, with the aim of expanding export for the used car market in emerging countries, including those in Africa.
In operating TTA, Toyota Tsusho will connect information on vehicles listed at auto auctions held by its domestic partners via Toyota Tsusho’s system to Carused.jp, the e-commerce site of Carpaydiem Co., Ltd. (“Carpaydiem”), a group company engaged in the used car export business. This makes it possible for overseas customers to view information on vehicles listed at auto auctions provided by TTA via Carused.jp and make bidding requests and purchases.
1. Background
The used car market is expanding in emerging countries, including those in Africa. Demand for used vehicles imported from Japan is particularly strong and is expected to continue to increase. On the other hand, in the used car market in emerging countries, vehicle quality and fair prices are often unclear, and it is said that there are many cases where customers are troubled by breakdowns that occur after purchase.
2. Overview of TTA’s Services
Under these circumstances, TTA will provide overseas customers, including those in emerging countries, with the opportunity to purchase Japanese used cars that have undergone vehicle inspections and have a high transparency of quality at fair prices. By accessing TTA via Carpaydiem’s Carused.jp, customers can confirm with their own eyes the information on vehicles listed at auto auctions, such as vehicle condition records and vehicle images, of used vehicles that have been inspected and evaluated by domestic partners operators before purchasing them.
Through the operation of TTA, the Toyota Tsusho Group will increase the transparency of the used car market and provide used car users with a safer and more secure car experience.
TTA Service Provision Scheme
Process of purchase via TTA
(1) Access TTA via Carused.jp (https://carused.jp/)
(2) Member registration/login
(3) Deposit payment
(4) Browsing information on vehicles listed at auto auctions, bidding request
(5) Receipt of bidding results
(6) Deposit of Carpaydiem invoice amount
(7) Shipping arrangements (After payment is confirmed)
TTA Top Screen Image
The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.