The Future of Recommerce: Analyzing the Business Prospects of the Nueva Ecija Secondhand Motorcycle Market

Abstract

This study investigated the trends in secondhand retail trades for motorcycle units by assessing consumer and retailer perceptions of the business in the post-pandemic stage. Purposive sampling was used to select a sample population of 30 research respondents: five (5) secondhand motor parts retailers and twenty-five (25) secondhand motor parts consumers in Nueva Ecija. Respondents were sent an e-mail with a structured questionnaire. To analyze the data gathered, the study used both descriptive and inferential statistics. The findings revealed that their motivations for consumerism and perceptions of business prospects do not differ based on age or market exposure. Furthermore, the findings of this study confirmed the viability of the growing secondhand retail market, based on consumers' and owners' positive perceptions and opinions about the future of the secondhand business market in general, and the motorcycle business in particular, and its viability for long-term survival in the face of new and emerging trends such as the current oil crisis and inflation.