In mid-December 2019, City Savings Bank (CitySavings) through its Asset Sales and Management Group (ASMG), showcased a total of 25 pre-loved motorcycle units as part of its early Christmas Motorcycle (MC) Caravan of repossessed motorcycles.
For the first time at the UnionBank Plaza in Ortigas, Pasig City, units were displayed at the lobby, eliciting queries from passers-by who were impressed by what they saw. The 5-day event captured the attention of UnionBank Plaza residents as well as nearby building occupants and even traffic enforcers assigned in the Ortigas area.
The display even powered up the digital world and created a buzz in the Facebook community of motorcycle-enthusiasts which led to a free word-of-mouth advertising. The news spread like wildfire since the bank’s selling prices were too attractive and enticing to resist.
The first Motorcycle Caravan was capped with a 40 minute live bidding with 40 registered bidders, a third of which were UnionBankers. In the end, eight very happy buyers went home with their dream motorcycles, an early Christmas treat from CitySavings as they saved about 20% to 30% compared to market prices.