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Ty family boosts used car business with inspection, warranty service deal with Japanese firm

A year after going into the pre-owned car business, the Ty family is investing in a vehicle inspection and warranty service with a Japanese firm.

The family’s GT Capital Holdings has struck a deal with Premium Group of Japan to level up its second hand car business which it established in April 2019.

Ty family, Japanese firm partner in used car and warranty business

The service, which will be 47 percent owned by GT Capital, aims to give buyers of second hand vehicles more sense of security in quality and alleviate fears of mechanical defects in their purchases.

GT entered the pre-loved vehicle auction business with Japan’s Mitsui & Co. Thorugh JBA Philippines with auction house operator Japan Bike Auction Co., Ltd. (JBA).

GT aims to dominate the market much like it did in the new vehicle market (GT is the local dealer of Toyota) automotive lending (GT owns Metrobank).

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