Motortrade

{{Infobox company | name = Motortrade | logo = File:Mnc.png | type = Conglomerate | genre = | foundation = 1969 (as Bicol Supply Center) {{start date|1979|12|27}} (registered in SEC) | location_city = Quezon City | location = | location_country = Philippines | origins = | founder =Vicente Ongtenco | key_people = Paulino C. Ongtenco (President) | area_served = Philippines | industry = Motorcycle | products = Motorcycles and parts | services = Motorcycle repair | revenue = | operating_income = | net_income = | num_employees = | parent = | divisions = | subsid = | owner = | company_slogan = | homepage = {{URL|www.motortrade.com.ph/}} }} '''Motortrade Nationwide Corporation''', branded as '''Motortrade''' and sometimes incorrectly called simply as '''Motortrade Philippines''', is a Philippine-based conglomerate engaged in motorcycle dealership,<ref>{{cite web |url=http://adobomagazine.com/philippine-news/ixm-wins-motortrade-account|title=IXM wins Motortrade Account|work=Adobo Magazine|date=30 April 2015 }}</ref> sales and repair, and loans services.

==History== Established as Bicol Supply Center in 1969 by Chinese-Filipino migrant Vicente Ongtenco, it initially offered motorcycle spare parts and hardware components in Daet, Camarines Norte.<ref>{{cite web |url=http://www.manilatimes.net/blissful-in-his-universe/345012/|title=Blissful in his universe|date=17 August 2017 |publisher=Manila Times}}</ref> The business grew and shifted towards a motorcycle retail business and was eventually incorporated by the Securities and Exchange Commission (SEC) on December 27, 1979, as Motortrade Nationwide Corporation.<ref>{{cite web |url=http://motortrade.com.ph/page/about-us|title=Top 500 Non-Individual Taxpayers for Taxable Year 2011|publisher=Philippine Daily Inquirer}}</ref>

In 2011, Motortrade ranked top 300 in BIR's list of top taxpaying corporations in the Philippines.<ref>{{cite web |url=http://www.inquirer.net/videos/business/Top-500-Non-Individual-Taxpayers-in-2011-(from-BIR).pdf/|title=Motortrade: About Us|publisher=Motortrade}}</ref>

==Branches== [[File:Motortrade Nabua.JPG|thumb|left|Motortrade branch in Nabua, Camarines Sur.]] Motortrade currently has over 700 branches in Luzon and Visayas, with an additional 200 branches in Mindanao managed by a subsidiary company, Motorjoy Depot Inc. (MDI).<ref>{{cite web |url=https://www.motorcyclephilippines.com/suzuki/suzuki-philippines-helps-school-in-padada-davao-del-sur-in-partnership-with-motortrade-inside-racing-first-recording-philippine-two-wheel-history/|title=Suzuki Philippines helps school in Padada, Davao del Sur in partnership with Motortrade|publisher=MotorcyclePhilippines.com}}</ref> Aside from multi-brand stores, Motortrade also operates brand-specific stores such as Honda (operated as Honda Prestige),<ref>{{cite web |url=http://insideracing.com.ph/honda-donates-p1-2m-for-abs-cbn-foundation/|title=Honda donates P1.2M for ABS-CBN Foundation|date=23 August 2013 |publisher=Inside Racing}}</ref> Yamaha,<ref>{{cite web |url=http://www.yamaha-motor.com.ph/dnet/dnet-gma.html/|title=Welcome to Yamaha 3S Shop!|publisher=Yamaha Motor Philippines}}</ref> Suzuki,<ref>{{cite web |url=http://www.suzuki.com.ph/motors/news/motortrade-suzuki-3s-shop-re-opens-in-pasig-city/|title=Motortrade Suzuki 3s shop opens in Pasig City|publisher=Suzuki Philippines}}</ref><ref>{{cite web |url=http://motorsiklonews.com/2017/09/07/5-things-to-know-before-visiting-the-motortrade-pasig-3s-shop/|title=5 Things to know before visiting the Motortrade - Pasig 3s Shop|publisher=MotorsikloNews.com}}</ref> leisure bike units of KTM and Kawasaki.<ref>{{cite web |url=http://www.kawasakileisurebikes.ph/news-events/motortrade-quezon-avenue|title=Motortrade Quezon Avenue: Kawasaki Leisure Bikes' Newest Hub|publisher=Kawasaki Leisure Bikes Philippines}}</ref><ref>{{cite web |url=https://www.motorcyclephilippines.com/kawasaki/motortrade-opens-first-kawasaki-leisure-bike-store/|title=Motortrade opens first Kawasaki Leisure Bike Store|publisher=MotorcyclePhilippines.com}}</ref> Bank of Makati, a sister company, provides motorcycle loans and financing for Motortrade customers.<ref>{{cite web |url=https://www.bankofmakati.com.ph/my-money/consumer-loans/motorcycle-loan-affiliate-dealer-consumer.html|title=Motorcycle Loan (Affiliate Dealer)|publisher=Bank of Makati}}</ref>

===Brands carried=== The company carries top Japanese motorcycle brands such as Honda, Kawasaki, Suzuki, and Yamaha,<ref>{{cite web |url=http://www.philstar.com:8080/motoring/477967/riding-through-chaos-and-40-years-motortrade|title=Riding Through the Chaos and 40 Years of Motortrade|publisher=The Philippine Star}}</ref> alongside the Taiwanese brand Kymco, local brand PMR, and luxury bike brands such as KTM and Kawasaki Leisure Bikes.<ref>{{cite web |url=http://www.kawasakileisurebikes.ph/news-events/motortrade-quezon-avenue|title=Motortrade Quezon Avenue: Kawasaki Leisure Bikes' Newest Hub|publisher=Kawasaki Leisure Bikes Philippines}}</ref><ref>{{cite web |url=https://www.motorcyclephilippines.com/kawasaki/motortrade-opens-first-kawasaki-leisure-bike-store/|title=Motortrade opens first Kawasaki Leisure Bike Store|publisher=MotorcyclePhilippines.com}}</ref> [[File:Motortrade motorcycle shop - panoramio.jpg|thumb|right|Motortrade branch in Cainta, Rizal.]]

===Honda Flagship Store=== As a longtime partner and supplier of Honda motorcycles, Motortrade opened the Honda Flagship Shop at its store in Makati last December 9, 2017. It carries the big bikes and luxury motorcycles under the Honda brand.<ref>{{cite web |url=https://www.abante.com.ph/honda-philippines-launches-4-new-models-will-fit-filipino-lifestyle.htm|title=Honda Philippines launches 4 new models that will fit Filipino lifestyle|publisher=Abante}}</ref>

===Programs=== Motortrade pioneered the first dealership-based motorcycle riding school named Learn to Ride Safely.<ref>{{cite web |url=http://www.motortrade.com.ph/news/julie-anne-san-jose-the-new-ambassadress-of-motortrades-learn-to-ride-safely|title=Julie Anne San Jose: The new Ambassadress of Motortrade's Learn to Ride Safely|publisher=Motortrade}}</ref><ref>{{cite web |url=http://www.gmanetwork.com/artistcenter/articles/2015-06-05/644/Julie-Anne-San-Jose-advocates-motorcycle-safety|title=Julie Anne San Jose advocates motorcycle safety|publisher=GMA Network Artist Center}}</ref>

==Subsidiaries== The company also includes other subsidiaries such as loans financing company Fundline, Northpoint Development Bank (another banking portfolio),<ref>{{cite web |url=http://www.northpoint.ph/index.php?n=8|title=Board of Directors|publisher=Northpoint Development Bank}}</ref> and the real-estate arm, Transnational Properties, Inc. (TPI) managing the properties occupied by the Motortrade Group. All management shared services such as HR, accounting, and finance across the Motortrade Group of Companies are handled by Concerted Management Corporation (CMC).

===Non-profit portfolio=== Global Reciprocal Colleges serve as the group's first educational portfolio,<ref>{{cite web |url=http://www.manilatimes.net/ongtencos-easy-secrets-defying-time/345010/|title=Ongtenco's easy secrets to defying time|date=17 August 2017 |publisher=Manila Times}}</ref><ref>{{cite web |url=http://www.manilatimes.net/blissful-in-his-universe/345012/|title=Blissful in his universe|date=17 August 2017 |publisher=Manila Times}}</ref> while it also operates a charitable organization named Motortrade Life and Livelihood Assistance Foundation, Inc.<ref>{{cite web |url=http://www.pcnc.com.ph/view-ngodetails.php?itemId=2592|title=Philippine Council for NGO Certification: NGO Details|publisher=Philippine Council for NGO Certification}}</ref>

==References== {{reflist|30em}}

==External links== * [https://www.facebook.com/MotortradePh/ Motortrade Nationwide Corporation] * [https://www.facebook.com/learn2ridesafely/ Learn to Ride Safely] * [https://www.facebook.com/MotortradeMinda/ Motortrade Mindanao (Motorjoy Depot Inc.)]

Category:Transportation companies of the Philippines Category:Conglomerate companies of the Philippines Category:Motorcycling in the Philippines