Motorway

●    Two thirds (69%) of adults would be willing to sell their car for less than it’s worth if doing so made the process more straight-forward

●    Of those who sold their car, over half (54%) believe they sold it for less than it was worth, an average of £977 under valuation

●    70% of Brits feel they need to compromise on either time or money when selling their car reveals online used-car marketplace Motorway

Research commissioned by online used-car marketplace Motorway has shown that despite prices for used cars reaching record highs, three quarters (76%) of Brits find the process of selling their car daunting and seven out of ten (70%) are knowingly compromising on cash for a quick sale.

With a third (32%) of us saying we don’t have the time to find the best price and one in four (28%) of us accepting the first offer for our car, it’s clear that we’re not getting the best value when it comes to selling our motors. In fact, almost nine out of ten (85%) admit the priority when selling a car is simply to get rid of it as quickly as possible, leading to an average loss of almost a thousand pounds (£977) when selling.

As time is of the essence for sellers, almost half (49%) are likely to have lost money when selling their car because they didn’t do simple things like buying new floor mats, changing the oil and making small repairs. Other common oversights and issues among everyone polled include not having an up-to-date service history (14%), not having their car valued before sale (12%), and struggling with paperwork (10%).

Seven in 10 drivers admitted putting off selling their car because of the hassle, and 76% said they found the process of selling their car daunting. It also emerged over two thirds (69%) have felt out of depth when selling their vehicle with 64% ending up feeling ripped off. The biggest desires when selling were getting the highest price, a speedy sale and minimising the effort required.

When selling their car, only 14% felt very confident they got a good price, with an acceptance by 69% that they would be willing to take an offer less than market value in order to make the process easier. 62% admit they regret rushing to sell cars in the past because they received less money for them as a result.

Motorway’s extensive network of over 5,000 verified dealers means motorists don’t have to compromise on time, price or convenience when selling their cars and, since the process is online, they can do so from the comfort of their own homes.

A spokesperson for online used-car marketplace Motorway, which commissioned the research, said: “Selling your vehicle can be a headache for many, particularly if you don’t feel confident or knowledgeable about cars, but there is an easy and simple way to sell your car online for a good price. At Motorway, our extensive dealer network matches each seller with the dealer willing to pay the most, in as little as 24 hours and free of charge, taking the hassle out of selling.”

Jodie Kidd, automotive enthusiast, commented: “Although now is a good time to take advantage of high used car prices, selling a car yourself can seem like a daunting prospect and ultimately, it can be difficult to know if you’re getting a fair price. Thankfully, Motorway has made the process as quick and simple as possible, without having to compromise on time or money. And you can do it from the comfort of your sofa, cup of tea in hand.”

To find out more and for a no-obligation quote, visit Motorway.co.uk to find out what you could get for your car.

ENDS

Notes to editors

Research carried out in April 2022 by OnePoll with a sample of 2,000 British adults aged 18+ who had sold their car in the last five years.

In the survey of 2000 UK adults aged 18+ who have sold their car in the last five years, on average 54 per cent of respondents sold their car for less than they believe it’s worth, averaging at £977 under the market value. £977 * 7.5 million (2021 UK used car transactions, SMMT) = £7.3275 billion, potential to be lost

Contact

For further information, contact motorway@hopeandglorypr.com or the team on 020 3588 9700

About Motorway

Motorway is the UK’s fastest-growing used car marketplace. We connect people selling their car directly with our network of more than 5,000 verified car dealers, matching each seller on our platform with the dealer who most wants to buy their car. We help car owners sell their cars 100% online for the best price in as little as 24 hours, with their car collected from home for free, while supporting our car dealer partners to easily acquire the best used car stock.

• Motorway’s four-year old online marketplace connects consumers selling their car with professional car dealers acquiring stock
• 65,000 used cars have been sold on Motorway, with currently a new sale agreed every 10 minutes
• More than 5,000 dealers across the UK compete to offer the best price, and the car is collected in as little as 24 hours
• Sales in the last 12 months have tripled, with 300% growth expected in 2021
• Index Ventures leads Motorway’s Series B financing, joined by BMW i Ventures, Unbound and others

Motorway, the UK’s fastest-growing way to sell your car, has raised £48m in venture capital investment.

The Series B round is led by Index Ventures (backers of Deliveroo, Etsy and Dropbox) and also includes additional new investors BMW i Ventures and Unbound. Existing investors Latitude and Marchmont Ventures also participated in the funding round. Danny Rimer, partner at Index Ventures will now join Motorway’s board. 

Motorway’s growth to date

Motorway has completed over 65,000 car sales through its website since it started in 2017 and has seen sales rapidly increase over the last year to more than £50m in May 2021 alone. Currently a sale is agreed on Motorway every ten minutes. The company is completing over £2.5m of transactions a day and more than 4,000 completed car sales a month. With over 10,000 5-star reviews on TrustPilot, Motorway is projecting to hit over £650m in sales in 2021, more than triple its performance in 2020.

The way to sell your car

Motorway helps consumers to sell their car for up to £1,000 more from the comfort of home. It’s simple, fast and free – a car can be profiled and uploaded onto the Motorway website using only a smartphone. Over 5,000 professional car dealers can then bid for the vehicle in a daily online auction, with the highest offer winning the car. Their car is then collected for free by the winning dealer in as little as 24 hours. 

Cutting out the middlemen and moving the whole process online, Motorway removes the hassle and the haggle, helping car sellers and car dealers get a better deal fast, and all entirely remotely.

The used car market is accelerating online

Consumers and car dealers are embracing the internet to replace traditional offline and in-person car selling transactions. Motorway estimates that by the end of 2020, 5% of all vehicles were sold online – up from 1% at the start of the year. Motorway believes this will reach 20%+ as the car industry catches up with others that have already made the online transition.

While new car sales have seen a five year slump in the past year, the used car market has consistently been on the rise, with demand for used cars increasing month on month. On average, used car prices on Motorway have risen +8.2% in May versus six months ago in November. And with new car supply expected to be constrained ongoing, the buoyant used car market will continue to boom.

Investment into UK tech talent

This £48m investment will enable Motorway to significantly expand its product and engineering teams to introduce more products that improve the experience of online car sales, as well as investing in marketing to drive even greater awareness. The current 160-strong team will grow to over 200 by the end of the year, providing further jobs for the best UK talent in the months ahead.

Tom Leathes, CEO of Motorway, says:

“For half a century, inefficient offline processes have led to bad deals and a bad experience for both car sellers and car dealers. Motorway has fundamentally changed a broken experience where everyone ends up dissatisfied – and we’ve transformed it with a superior online experience where everybody wins. Cutting out the middlemen leaves both the consumer and car dealer with a better deal, all from home and without the stress. Our incredible growth so far is testament to our focus on delivering more value through technology – and this investment will provide us with the fuel to take Motorway to the next level.  

“We’re thrilled to be working with Index and the other investors in this round, and Danny Rimer’s huge technology experience and passion for our journey ahead makes him a great addition to the team.”

Danny Rimer, Partner at Index Ventures, says:

“We’re always looking to invest in companies that are truly disrupting an industry and meeting a real customer need. We have found that in Motorway. The team has built an incredibly powerful platform, underpinned by great technology and a deep understanding of the challenges both consumers and car dealers face. Motorway has quickly become the first port of call for tens of thousands of people selling their car.” 

Motorway has previously raised £14m in venture funding since it was founded by serial entrepreneurs Tom Leathes, Harry Jones and Alex Buttle in 2017. The team has since grown to 160 people across its offices in London, Brighton and remotely around the world. 

For more information, please contact press@motorway.co.uk.

• Motorway is valued at over $1bn in a new funding round of $190m, co-led by Index Ventures and ICONIQ Growth, with existing investors Latitude, Unbound and BMW i Ventures also participating
• Motorway has seen 300% YOY growth and is on a run-rate to deliver more than $2bn in sales over the next 12 months
• Company also announces the appointment of James Wilson, former Director of Marketplace Fulfillment at Amazon UK, as Chief Operating Officer 

Motorway, the UK’s fastest growing used car marketplace, has today achieved unicorn status with a valuation of over $1bn following a $190m Series C funding round. 

The round is led by Index Ventures, backers of Deliveroo, Etsy and Dropbox, and ICONIQ Growth, a leading Silicon Valley technology investment firm and partners of Collibra, Miro and Wolt. Existing investors Latitude, Unbound and BMW i Ventures also participated in the round. 

Revolutionising the used car market

Motorway enables customers to quickly and easily sell their car for the best price from the comfort of home using only a smartphone. With a network of 5,000 professional car dealers using the platform to directly bid on these vehicles, Motorway helps customers sell their car for up to £1,000 more in as little as 24 hours – while supporting its car dealer partners to acquire the best used car stock online.

Motorway’s rapid growth 

Motorway’s continued focus on product innovation and improving the customer experience meant it was well positioned to capitalise on the behavioural change driven by the pandemic, with both dealers and car owners increasingly seeking to buy and sell cars online. As a result, Motorway recorded a 300% uplift in third-quarter sales to $411 million compared with $105 million last year.

Over 100,000 used cars have been sold on Motorway since launch, with over 8,000 cars currently being sold a month and a new sale being agreed every five minutes. This recent surge in sales puts Motorway on a run-rate to deliver over $2bn in completed sales over the next year, making it one of the world’s fastest growing online used car marketplaces.

Investment in the customer experience

This new $190m investment will be used to hire the best tech talent and build a world-class team across the business, focussed on improving the customer experience and making Motorway the definitive way for people to sell their cars.  The team is expected to grow from 250 to over 350 over the next 12 months.

​​Along with the investment round, Motorway is also announcing the appointment of James Wilson, former Director of Marketplace Fulfillment for Amazon UK, as Chief Operating Officer. James brings significant experience in online commerce for both consumers and businesses, delivering world-class customer experiences at scale. This follows Motorway’s appointment of Lloyd Page (formerly of Moneysupermarket and John Lewis) as Chief Marketing Officer earlier this year.

Tom Leathes, CEO of Motorway, says:

“In 2017, we set out to reinvent how people sell their cars, transforming a broken offline process by introducing a superior online experience. Our team has dedicated themselves to this mission through unprecedented times – enabling us to turn a traditionally lose-lose market into a win-win for our customers and dealer partners.

“We’re now completing over 8,000 car sales a month. That’s a big number, but still less than one percent of UK used car sales – so there’s massive opportunity ahead. We’re thrilled to be working with the teams at Index, ICONIQ and the other investors in this new funding round. It will help us scale even faster, as we strive to build the best technology team in Europe, and change the used car selling experience for the better.”

Danny Rimer, Partner at Index Ventures, says:

“Since joining the board, following our initial investment in June, I have experienced first-hand just how fast Motorway is growing and how agile the team is in scaling the business to support this incredible growth.  Strong leadership, coupled with great technology to fuel an incredibly powerful platform, has enabled Motorway to step up a gear and move into the fast lane –  they’ve taken advantage of the strong market conditions and changing consumer and dealer behaviour to become the go-to place for people selling their car.” 

Yoonkee Sull, Partner at ICONIQ Growth says:

“The used car market’s move online is only accelerating and we believe Motorway is delivering the best consumer experience and the most differentiated supply to dealers in the UK. We believe that while Motorway has already exhibited exceptional growth, the company is just at the beginning of its journey. We are thrilled to support the entire Motorway team in their mission to become the most trusted brand and destination for used car transactions for years to come.”

Motorway previously raised $67.7m in a Series B round in June 2021. This latest investment brings its all-time raise to $273m since it was founded by serial entrepreneurs Tom Leathes, Harry Jones and Alex Buttle in 2017. With offices in London and Brighton, the team has since grown to 250, more than half of whom are in the technology, design or product development teams.

Motorway data shows there’s never been a better time to sell a used car as hot hatches and estates show highest increases since 2021

Second-hand car prices have risen 30% over the last twelve months according to leading used car marketplace Motorway.co.uk. The increase has been driven by lengthy waiting times for new cars, which has meant that motorists have turned to the used car market.

Leading the price increases have been hot hatches (where prices have increased on average 35.8% year-on-year) and the estate market (where prices are up 32.8% on average).

For example, an average Mini Cooper would have fetched £5,056 in February 2021 whereas prices have reached £9,627 in 2022. Meanwhile, a Volkswagen Polo Match 60 that would have netted a sale price of £3,508 a year ago will generate £6,229 on average today.

The highest rises across makes and models between 2021 and 2022

Make	Model	2021	2022	% +
MINI	Cooper	£5,056	£9,627	90.42%
MINI	One	£3,508	£6,229	77.58%
VOLKSWAGEN	Polo Match 60	£2,318	£4,044	74.46%
FORD	Fiesta Titanium Turbo	£7,493	£12,201	62.84%
VOLKSWAGEN	Polo Match TSI	£8,233	£12,942	57.19%
BMW	520D M Sport	£12,797	£19,921	55.66%
NISSAN	Qashqai Tekna DCI	£8,650	£13,038	50.73%
FORD	Focus Zetec	£5,775	£8,644	49.69%
FORD	Fiesta Titanium	£3,619	£5,416	49.67%
FORD	Focus Titanium	£7,929	£11,739	48.04%

* based on real prices paid by dealers on Motorway.co.uk for a vehicle during February 2021 and February 2022.

Alex Buttle, co-founder at Motorway, said:

“With wait times of up to 12 monthsfor a new car due to supply problems, motorists have turned to the used car market to get their next car, which means that many dealers are on the hunt for new stock. There’s never been a better time to sell. From hot hatches to family saloons, SUVs to sports cars, we’ve got dealers searching for used cars and willing to pay for a wide range of quality stock.”

The highest increases by category*

Body Type	2021	2022	% Increase
Hatchback	£8,537	£11,595	35.81%
Estate	£17,326	£23,023	32.88%
Saloon	£14,070	£18,476	31.32%
Coupe	£18,691	£20,946	12.06%
Convertible	£14,794	£15,632	5.66%
Pick-up	£21,031	£21,745	3.39%

* based on real prices paid by dealers on Motorway.co.uk for a vehicle during February 2021 and February 2022

Motorway, founded in 2017, has seen interest in online car sales surge over the pandemic as volumes grew 188% between February 2021 and February 2022. Motorists value the car they want to sell, profile their vehicle and then agree a reserve price – guided through the process by Motorway – and over 5,000 dealers across the country bid for their vehicle.

Alex Buttle added: “Before Motorway, drivers had to accept the best price they could find from dealers themselves – and spend the time going from dealer to dealer to secure it. Now they can get a great price from dealers across the country in just a few clicks and, almost regardless of the make or model, there is likely a dealer out there searching for every car our customers are selling.”

To find out more and to get a free car valuation, visit Motorway.co.uk.

ENDS

Notes to editors

For further information about wait-times for new cars see here for reference: https://www.honestjohn.co.uk/news/car-market-1/2022-03/2022-new-car-prices-rise-by-up-to-26-per-cent/

Contact

For further information, contact motorway@hopeandglorypr.com or the team on 020 3588 9700

About Motorway

Motorway is the UK’s fastest-growing used car marketplace.  We connect people selling their car directly with our network of more than 5,000 verified car dealers, matching each seller on our platform with the dealer who most wants to buy their car.  We help car owners sell their cars 100% online for the best price in as little as 24 hours, with their car collected from home for free, while supporting our car dealer partners to easily acquire the best used car stock.

Brighton, 23rd March 2022 – Motorway, the used car marketplace, has today announced a significant recruitment campaign in Brighton to hire 50 staff over the next 6 months, making it one of the city’s fastest growing businesses with 210 staff overall.

This investment into Brighton talent follows 300% YOY growth of the Motorway business, which has taken the wider team from 50 to 300 in the last 18 months.  Motorway now plans to increase the size of its flagship customer service centre, based in Brighton, by 30% to support the ever-growing consumer demand for a quick and easy way to sell a car, for a great price from the comfort of home. 

To support this new recruitment drive, Motorway has recently moved into larger office space in Brighton, relocating from Air Street to West Street in the centre of the city. The new offices will house up to 270 employees, and include a meditation and prayer space as well as a Brighton beach themed social space and cafe for staff. 

James Wilson, COO of Motorway, says:

“Motorway is now selling over 8,000 cars a month, with a new sale being agreed every five minutes. This incredible growth would not have been possible without the amazing team we have in Brighton supporting our customers every step of the way.

“Our customer service centre is at the very heart of our strategy to put customers first so investing in finding the best talent in Brighton is crucial. This new recruitment drive will make us one of the fastest growing employers in Brighton and we look forward to welcoming more local talent as we grow our business.”

In addition to offering highly competitive salaries, Motorway has a people-first approach towards its benefits scheme, with access to high-quality health & wellness options so the team feels supported to do their best work. Staff benefit from a personal learning and development budget to spend on a wide range of books, courses and conferences. Subscriptions to services like Headspace and Audible are also included alongside access to an electric car leasing scheme, private healthcare, pension, enhanced parental leave and a cycle to work scheme.

To enquire about current vacancies please visit https://careers.motorway.co.uk/

About Motorway

Motorway is the UK’s fastest-growing used car marketplace.  We connect people selling their car directly with our network of more than 5,000 verified car dealers, matching each seller on our platform with the dealer who most wants to buy their car.  We help car owners sell their cars 100% online for the best price in as little as 24 hours, with their car collected from home for free, while supporting our car dealer partners to easily acquire the best used car stock.

For more information visit www.motorway.co.uk

For press enquiries, please contact:

Emma Hazan

Sidekick Comms

E: emma@sidekickcomms.com

M: +44 7909 510787

Motorway reveals a lack of awareness ahead of new measures coming into force in Birmingham on 1st June

• 21% of UK motorists do not know what a Clean Air Zone (CAZ) is, while a further 21% are unsure
• Despite many new ones coming into force, only 16% know how to check if they will be charged when driving through a CAZ
• Just 12% know what the minimum standard for their vehicle is
• 44% agree with the principle that petrol and diesel vehicles should be charged for driving in densely populated areas
• Two thirds (66%) are not aware that a CAZ is being introduced in Birmingham on 1st June

Despite continuous media coverage over the last year about Clean Air Zones (CAZs), one fifth (21%) of UK motorists have no idea what a CAZ is, while one in three (31%) motorists in Birmingham are unaware that a CAZ is being introduced to their city on 1st June, according to research from Motorway, the online marketplace for used cars.

Clean Air Zones have been introduced in both London and Bath already and will launch in Birmingham, on 1st June 2021. They are one of several measures introduced to reduce pollution in the nation’s worst-affected areas. However, 21% of UK motorists are unsure of how they work, or how they may be affected by their introduction. And two thirds (66%) are unaware that a CAZ is being introduced in Birmingham next week.

Only 12% know what the minimum standard for their vehicle is and just 16% know how to check if they will be charged when driving through a Clean Air Zone. While this figure rises to 20% among Birmingham drivers, it still shows incredibly low awareness considering the Birmingham CAZ launches in less than a week.

Every CAZ is different – tailored to the area and the aims it wishes to achieve. But, in principle, they split opinion. While 44% agree that high-polluting petrol and diesel vehicles should be charged for driving in densely populated areas, 33% disagree and 23% sit on the fence.

Whatever the case, a prediction can be made that the zones will do their job – 36% said they would avoid travelling by car, van or motorbike if given an additional charge, while 21% would consider selling their petrol or diesel vehicle in favour of a greener, electric vehicle. In fact, almost a quarter (22%) of UK motorists said they were very likely to buy an electric vehicle while 30% said they were somewhat likely.

Alex Buttle, Director at Motorway, says:

“Clean Air Zones are popping up all over the country. First in London with ULEZ, then a CAZ in Bath, and now Birmingham. However you feel about them, if the car you’re driving means you’ll be charged when you enter the CAZ, then selling it may be an obvious choice to save money – especially while the used car market is so strong and prices of non-compliant cars are expected to fall this year for these types of cars.

“The used car market is booming right now, due to a real lack of new cars coming to market, so car owners may want to strike while the iron is hot. Whether you go all-in on an electric vehicle or opt for a CAZ-compliant lower-emission petrol or diesel car there’s an incredible choice available whatever your price range and style.”

Amanda Stretton, motoring expert said:

“The Birmingham CAZ has been the subject of much debate over the last year, both on a national and local level. So it’s pretty shocking that only 1 in 3 drivers in Birmingham have any idea that it’s coming into force on Tuesday! Add to that the 21% of UK motorists who don’t even know what a CAZ is! Clearly more needs to be done to educate people before they get a nasty surprise when they drive into a city operating a CAZ. It’s also important to remember that these changes to driving in big cities affect everyone – for both air quality and to inform people about any future choices they may make when it comes to buying a car.”

Drivers can use this online vehicle checker from The Department for Transport to see if they will be affected by the Bath or Birmingham CAZ, or this checker to see if they will be affected by the ULEZ in London.

Motorway Used Carometer reveals the top 20 most sold and most expensive cars sold across UK in the last year 

• The top selling used electric car was the Nissan Leaf
• A Lamborghini Huracan from Surrey was the most expensive used car sold during pandemic, for £172,250
• The Volkswagen Golf came out as the most popular car to sell in London, Leeds and Edinburgh
• The most expensive used electric car was the Tesla Model X
• An Abarth 695C was revealed as the rarest used car to be sold in the UK

It’s official – Volkswagen Golf was the UK’s most-sold used car during the pandemic, revealed by Motorway, the UK’s fastest-growing online marketplace for used cars.  

Motorway analysed all the cars sold on its platform during the pandemic, between March 2020 and February 2021, and found that more people have sold a Volkswagen Golf on the platform than any other model of car in the last year. It was closely followed by the Ford Fiesta and the MINI Cooper, proving UK drivers love selling things in small packages. The Volkswagen Golf also came top in London, Leeds and Edinburgh in the last year. 

Best electric dreams

With the steady rise in popularity of electric cars, UK drivers are spoiled for choice when choosing which EV to go for – from Tesla to Renault, there’s an EV for all tastes and budgets. But the Nissan Leaf took first place in Motorway’s Used Carometer with more of this model being sold online than any other electric car in the last 12 months. 

With EVs surging in popularity, Motorway also saw major growth in the selling of both petrol and diesel vehicles, with Land Rover featuring high on the most sold list, with popular models taking 9th and 11th place, implying the government’s changing legislation on fuel has got some people reconsidering their ownership of premium fossil fuel used cars. 

Most expensive motors

The UK’s most expensive used car in the Motorway Carometer was a Lamborghini Huracan, located North of the Surrey Hills, which sold for £172,250.  Three more Lamborghinis featured in the top five, hailing from Essex, Cardiff and Hull. While the rest of the top 20 most expensive cars featured brands most would expect like Porsche, Land Rover, Bentley and Mercedes, there was one Tesla Model X that went for over £80k, demonstrating a good resale value for this type of electric car. 

Tom Leathes, CEO of Motorway, said:

“While sales of new cars continue to fall and consumers have avoided public transport to stay safe, the used car market has seen incredible growth over the past year. Our data shows which cars have proved to be the most popular to sell this year.  

“Cars like the Volkswagen Golf, Ford Fiesta and Mini Cooper are consumer favourites and really hold their value in the used car market, with lots of people seeking them out. It’s also great to see just how many used electric cars are being bought and sold right now – the demand for EVs is growing fast and people are realising they can pick up some great models second hand without breaking the bank on a new one.”

The weird and wonderful 

Motorway’s data revealed it was an Italian yacht-themed Abarth 695C that was the rarest motor sold on the platform this year, alongside an Infiniti FX30d. And while black, white and grey are still the most in-demand colours, cream, pink and turquoise aren’t big sellers.  However, when it comes to selling cars, beauty really is in the eye of the beholder, with one yellow Porsche 718 in Hampshire going for over £80k and a yellow Ford Mustang in Manchester selling for almost £30k and an orange BMW M4 going for £40k in Newport. 

Last updated: 24th February 2022

Motorway Online Ltd (company number 10285711) is the promoter (“Promoter”) of these 4 free prize draws. Subject to these Terms and Conditions, all persons who re-tweet the specified tweet on The Motorway Twitter page (the “Tweet”), in addition to following the Twitter account @Motorway before the closing dates will be entered into a free prize draw as set out on Twitter to win the prize detailed in the Tweet.

List of prizes and closing dates

• £1,000 – for one winner – closes 5pm, Monday 28th February 2022
• One England Rugby Home 2021/22 Replica Jersey for ten winners – closes 5pm, Sunday 27th February 2022
• 50x Size 5 Motorway Rugby Balls – for 50 winners – closes 5pm, Tuesday 15th March 2022
• Six Motorway rugby tackle bags for one winning Rugby Club – closes 5pm, Sunday 20th March 2022

 Entry guidelines

• All these free prize draws are open to anyone aged at least 18 years who is a UK resident, excluding employees of the Promoter or any of its affiliated companies
• Entries must be made by re-tweeting the Tweet and following Motorway on Twitter. Entries received after the stipulated closing time will be invalid and will not be included in the free prize draw.
• Any instructions provided in the Tweet form part of the Terms and Conditions of the free prize draw, but in the event of a conflict, these Terms and Conditions take precedence. Entries not complying with these Terms and Conditions will be invalid.
• The Promoter reserves the right to request valid proof of identification (as determined in its sole discretion) from the winner prior to the fulfilment of the Prize. The Promoter will not be responsible for any inability of a winner to take up the Prize.
• Subject to passing identification checks and the disclosure of delivery details, the Prize will be delivered to the winners’ specified delivery address.
• No payment is required to enter the free prize draw.
• The winner will be selected at random from all eligible entries received before the free prize draw closing time, at the discretion of the Promoter. The winner will be notified following the free prize draw closing time, firstly by tweet and then by direct mail to the winner’s Twitter account if possible. In the event that the winner fails to respond to the Promoter to confirm their acceptance of the Prize within 72 hours of the first message, the Promoter reserves the right to forfeit the Prize or select an alternative winner from the free prize draw.
• The prize cannot be exchanged for any substitute prize.
• The winner may be required to participate in publicity connected with the free prize draw and in entering the free prize draw, entrants agree to their name and country of residence being made publicly available if they win.
• The decision of the Promoter is final and no correspondence will be entered into.
• The Promoter reserves the right to suspend, cancel or amend the free prize draw and/or review and revise these Terms and Conditions at any time without giving prior notice. By continuing to take part in the free prize draw subsequent to any revision of these Terms and Conditions, entrants shall be deemed to have agreed to any such new or amended terms.
• This free prize draw is in no way sponsored, endorsed or administered by, or associated with Twitter. Entries which do not comply with the terms of use of Twitter shall not be considered. For further information, see www.twitter.com/tos.
• You are providing your information to the Promoter and not to Twitter. The information you provide will only be used for the purposes of contacting you in the event that you are drawn as a winner of the free prize draw.
• As a participant and/or winner, you will fully release Motorway and its affiliates, partners and employees from any and all liability, claims, demands, and causes of action for personal injury and or damage, theft, or loss suffered in connection with this free prize draw or the use or acceptance of the Prize or any portion thereof whatsoever.

Privacy notice 

• We use very little personal data for our ‘Motorway England Rugby Shirt Free Prize Draw’ Promotion, but we need some to process your entry. We also need personal details to respond to any enquiries you may have. This privacy notice explains what personal data we process and your rights over what we do with it. (This part of the privacy notice above applies to the ‘Motorway England Rugby Shirt Free Prize Draw’ Promotion only).
• We need your social media account name to enter any Promotion, to ensure that it is run fairly, and for your prize to be awarded, and you cannot enter the Promotion without providing that information. If you win, then we’ll need your name, preferred delivery address and contact number for fulfilment of your prize. Our processing of your personal data is necessary for the performance of the Promotion contract.
• We will use personal data about you for the Promotion, only, and will erase it when the Promotion is complete.
• We will need to share personal data with our partners only to operate the Promotion.    Our partners include: Manning Gottlieb OMD, Bankside 2 & 3, 90-100 Southwark Street, London, SE1 0SW. Other partners include IT service providers, and business partners who help us to ensure the proper administration of the Promotion and associated services.
• We will not disclose personal data to a third party for any other purpose without a valid lawful basis.
• Should we need to transfer personal data outside of the UK, we will ensure that appropriate legal and technical safeguards are in place.
• You can request copies of personal data about you including in portable electronic formats and, where appropriate, the rectification, erasure or restriction of processing of that personal data.
• If you’re not happy with our processing of personal data, you can complain to the Information Commissioner’s Office https://ico.org.uk/make-a-complaint/

• Massive change is underway in the global used car industry.  New car sales are at an all-time low, while used car demand is at an all-time peak
• Used cars appreciated by 30% in September 2021 vs. September 2020
• Values have been steadily increasing month-on-month, with the biggest jump in June (+16%) 
• Motorway is a marketplace connecting consumers selling their car with professional car dealers acquiring stock – getting the best possible deal for both parties, and 100% online
• Motorway has seen +300% YOY growth after record £306m sales in Q3 2021
• Company is now on a run-rate to deliver over $2bn in completed sales over the next year

Investing in used cars could soon be a better bet than investing in your pension. With prices for a second hand car surging to unprecedented levels, the value of your car is currently rising every time you take it for a spin. 

Whereas cars typically depreciate as soon as they leave the forecourt, this year has seen a complete reversal in used car values.  Second-hand vehicles have skyrocketed in the last nine months, with the average value of vehicles soaring by over 30% YoY, according to Motorway, the UK’s fastest-growing way to sell your car.  

While the pandemic led to record numbers of consumers looking to buy or upgrade cars with the money they hadn’t spent on holidays or entertainment, the shortage of new cars coming to market – as a result of the semiconductor supply crisis – has turned consumers to the used car market instead. But the new car shortage has had a knock-on effect on used cars too – less new cars also means less used cars available too.  Coupled with a massive increase in consumer demand, the used car market that was already heating up, has turned red hot and prices for used cars are now going sky high. 

Motorway’s growth 

With the pandemic fueling a fundamental behavioural change in both dealers and consumers to buy and sell cars online, both groups have turned to Motorway.  At the same time, consumer demand for a simple, fast and online way to sell their car is rising month-on-month.  As a result,  Motorway has seen a four-fold YoY surge in sales and +65% growth in Q3 sales versus Q2 this year. 

The company recorded a +300% uplift in third-quarter sales to £306 million compared with £78 million last year. Between July and September this year, Motorway sold 20,076 cars.  This accelerated growth has continued, with Motorway now selling well over 8,000 cars a month, with £140m cars sold in September alone.  Over 100,000 used cars have been sold on Motorway since launch, with a new sale now agreed every five minutes.

This recent surge in sales puts Motorway on a run-rate to deliver over $2bn in completed sales over the next year, making it one of the world’s fastest growing digital automotive marketplaces.

The way to sell your car

Motorway helps consumers to sell their car for up to £1,000 more from the comfort of home. It’s simple, fast and free – a car can be profiled and uploaded onto the Motorway website using only a smartphone. Over 3,000 professional car dealers can then bid for the vehicle in a daily online auction, with the highest offer winning the car. Their car is then collected for free by the winning dealer in as little as 24 hours. 

Cutting out the middlemen and moving the whole process online, Motorway removes the hassle and the haggle, helping car sellers and car dealers get a better deal fast, and all entirely remotely.

Motorway data on appreciation of used cars comparing Q3 2021 with Q3 2020

Exclusive data from Motorway sales reveals the month-on-month increases in the average value of vehicles sold on Motorway since September 2020 and a breakdown of prices achieved by popular models:

• A Porsche Cayman has steadily increased by +23%, going for £5,480 more than Q3 2020
• At the other end of the scale, a Ford Focus has appreciated by over +34%, selling for £3,346 more than last year. 
• Looking at the used EV market, a Tesla Model S sold for +14% higher than it went for last year
• Even at the cheaper end of the market, pieces have seen huge increases – a Vauxhall Agila went for £2,300, +46% higher than Q3 2020 
• An Aston Martin Vanquish rose by +38% just sitting in the driveway during lockdown

Table 1: Month-on-month increases in the average value of vehicles sold on the platform since September 2020

Month-on-month
Month	Avg Value	% +/- v. Sept 2020	£ +/-
Sep-20	£14,895
Oct-20	£15,430	3.59%	£535
Nov-20	£14,126	-5.16%	-£769
Dec-20	£14,242	-4.38%	-£653
Jan-21	£14,445	-3.02%	-£450
Feb-21	£14,122	-5.19%	-£773
Mar-21	£13,899	-6.68%	-£996
Apr-21	£14,758	-0.92%	-£137
May-21	£15,296	2.69%	£401
Jun-21	£17,267	15.92%	£2,372
Jul21	£17,708	18.89%	£2,813
Aug21	£18,836	26.46%	£3,941
Sep21	£19,427	30.42%	£4,532

Table 2: A breakdown of prices achieved by popular models comparing Q3 2021 with Q3 2020

Q321 v. Q320
Make	Model	Q320	Q321	Q320 v. 21 (%)	Q320 v. 21 (£)
Mercedes	Q3	£16,763	£20,082	19.80%	£3,319
Volkswagen	Tiguan	£14,398	£18,123	25.87%	£3,725
Mini	Cooper	£9,734	£12,522	28.64%	£2,788
Ford	Focus	£9,963	£13,309	33.58%	£3,346
Porsche	Cayman	£23,750	£29,230	23.07%	£5,480
Tesla	Model S	£42,718	£48,531	13.61%	£5,813
Nissan	Qashqai	£9,294	£11,525	24.00%	£2,231
Audi	Q3	£16,672	£20,082	20.45%	£3,410
BMW	M235I	£17,791	£21,531	21.02%	£3,740
Land Rover	Discovery	£24,392	£28,800	18.07%	£4,408
Honda	Jazz	£7,548	£8,464	12.14%	£916
Vauxhall	Agila	£2,300	£3,356	45.91%	£1,056
Volkswagen	Eos	£4,569	£6,031	32.00%	£1,462
Aston Martin	Vanquish	£61,166	£84,000	37.33%	£22,834
Lotus	Exige	£58,150	£75,000	28.98%	£16,850