AMW strives for fraud-free market for Pre-Owned vehicles

CEYLON TODAY | Published: 2:10 AM Jul 28 2021
FT AMW strives for fraud-free market for Pre-Owned vehicles

Sri Lanka’s pioneer in automotive sales and services, Associated Motorways (Pvt) Ltd, recently announced that the AMW Certified Vehicles initiative for pre-owned vehicles has taken the lead since its launch in April, 2020 coinciding with the recent ban of motor vehicle imports. AMW Certified has been the established market leader in the pre-owned vehicle market with over 10,000 Customers Island-wide. 

The Company claimed that their entry into the unregulated pre-owned vehicle market which was dominated by brokers has propelled certain positive changes such as greater transparency with customers naturally gravitating towards established players such as AMW for a premium quality product with an assurance of safety. 

AMW Certified facilitates a swift and streamlined experience for buying and selling of pre-owned vehicles of all brands in addition to their core brands; Nissan, Suzuki, Datsun and Renault with which the Company has years of experience and expertise with. AMW can purchase a customer’s vehicle immediately with a payment guarantee within just 4 hours. 

All vehicles are backed by an AMW Technical Certification, a warranty of 1-3 Years and mileage up to 100,000 kilometeres – another first for preowned vehicles in Sri Lanka. Commenting on the initiative, Virann De Zoysa, General Manager - Suzuki, Automall and Certified Vehicles at Associated Motorways (Private) Limited opined: “We have identified a niche and delivered a groundbreaking product to satisfy the customers’ appetite in these trying times. After we ventured into dealing with pre-owned vehicles it is encouraging to note that many other agents/ distributors have also entered this segment to provide superior value for customers in the pre-owned vehicle arena.

 This ultimately benefits all potential buyers and sellers because organisations such as AMW are particular about transparency, quality and trust which are components gravely lacking in the unregulated pre-owned car market. Vehicles carrying AMW Certification are cleared from unscrupulous mileage -meddling & other fraudulent activities embedded in the pre-owned market due to lack of a regulatory framework.” According to De Zoysa, in keeping with AMW’s commitment to countering fraudulence in the pre-owned vehicle market, the Consumer Affairs Authority will be immediately alerted about incidents of mileage tampering and other unscrupulous activities detected during the inspection and quality certification of pre-owned vehicles. 

De Zoysa noted that the automobile industry has shown commendable agility and resilience through back-toback calamities such as the Easter attacks of April 2019 followed by the global pandemic compelling economies to slow down: “A challenge facing the industry at present, more so than the import ban itself, is the barrage of misinformation sellers and buyers have to navigate; rumours give buyers false hope and furthers uncertainty in the market.”

 Apart from odometer manipulation, Zoysa also warned prospective buyers of other fraudulent activities pertaining to the pre-owned vehicles market such as selling stolen, rented vehicles after processing forged documents. In order to navigate such issues and save time and money he advised customers to always seek the services of a reputed and authorised agent, which are subjected to monitoring and regulation by relevant Authorities for quality of services rendered.

CEYLON TODAY | Published: 2:10 AM Jul 28 2021

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