TC50: Mota Motors Takes The Pain Out Of The Used Car Marketplace

TechCrunch - September 14th, 2009

" It’s not often that you hear about innovation in the used car space, but Mota Motors , a new site that’s launching today at TechCrunch50, has managed to pull it off. Mota’s multi-faceted service effectively holds your hand through the entire used car buying (or selling) process, offering a level of trust and convenience that has been difficult to achieve on traditional peer-to-peer car sales channels like CraigsList or Ebay." read more.

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TC50: Mota wants to curb “lemons,” fix the used car market

Venture Beat - September 14, 2009

" Mota is a new company that wants to fix the famous “lemons” problem by restoring trust to the used car market. When sellers put up their cars, Mota asks them typical questions about the quality of their vehicles, like whether they’ve recently changed the tires or the brakes. Based on that information and guidebook pricing recommendations, Mota gives them an estimate of their car’s value. It also suggests outside parties that can check up on the car’s condition, where they can place the listing, and uses Facebook Connect to help sellers share the post with friends. " read more.

America's Most Promising Startups

Business Week - Brian Burnsed - May 19, 2009

" On auction sites like eBay (EBAY), there are generally two parties: the buyer and the seller. Reza Bundy wants to make it a threesome. Last year, he raised $7.5 million from angel investors and venture capitalists and started a Web-based company..." read more.

" This first conference of its kind brought into focus a variety of fraud and scams affecting consumers who shop for used vehicles online. Although these scams are not perpetrated on all online automotive sites, it is still a serious and growing problem..." read more.

" The Internet is now the most logical place for an informed consumer to buy and sell a used car," stated moderator and industry veteran, Charlie Vogelheim. "With best practices, automotive industry leaders continue to help consumers leverage the web's wide selection, abundant information and interactivity to safely and easily find great values in the private party automotive market..." read more.

" Con artists are constantly looking for new and more sophisticated ways to scam consumers," says Larry Gamache, communications director for CARFAX. "We all have to do our part to stay vigilant, thwart these efforts and protect the millions of consumers and thousands of private sellers who buy and sell used cars. It's a never ending battle in which we all play an important part..." read more.

" We are excited that F.A.I.R. has brought together the best and the brightest in the online automotive industry," said Reza Bundy, CEO of Mota.com. "By shining a light in the darkest corners of the used car market, we can expose the fraud and together provide comprehensive solutions to ensure the Internet remains the smartest and safest place to buy a used car..." read more.

" The next F.A.I.R. meeting will take place in Washington, D.C. and held in conjunction with leading law enforcement officials at the state and federal levels. F.A.I.R. also intends to establish protocols that provide an avenue to share information between organizations to further fraud prevention and continue efforts to bring trust and safety to the online used car marketplace..." read more.

" Through industry cooperation and leadership, F.A.I.R.'s goal is to build a united front against fraud, share best practices amongst solution providers and create an effective framework for educating consumers..." read more.

" Michael Finney, consumer advocate with 7 on Your Side, interviews Rafael De La Cruz, VP of Marketing and Strategy of MOTA Motors, regarding the best ways for consumers to buy and sell used cars online and in the private party market..." Listen In.