Author: Jennifer Reeves

The used car marketplace sees a 200% uplift in YoY sales as motorists and dealers flock to platform to transact online

Motorway, the UK’s fastest-growing used car marketplace, today announced continued, accelerated business growth as record numbers of motorists sold their cars online through the platform in the first six months of 2022. 

Between January and June 2022, Motorway achieved more than £750 million in completed sales, an uplift of almost 200% versus the same period in 2021.  June saw a record number of cars going into Motorway’s daily online sales, almost double the total on sale in January, with daily sales of over 1,000 vehicles a day. These figures demonstrate strong and growing consumer demand for a more efficient online way to sell a car, and that Motorway has become the go-to platform.

This rapid growth follows continued development of Motorway’s market-leading service for car sellers and dealers.  In H1 2022, the company launched its iOS and Android native photo apps, helping car sellers profile their vehicles more easily and accurately than ever before, and ensuring dealers have the best possible profiles on the condition of every vehicle for sale. The company has also started rolling out a range of personalisation tools and features on its dealer platform, to help dealers more quickly and easily find and buy the best stock for their needs. 

Record stock levels, coupled with an ongoing focus on innovation to enhance the dealers’ experience and make the platform as simple and user-friendly as possible, has led to a marked increase in dealers signing up to use Motorway in the last six months, and participating in its daily sales. The number of verified dealers in Motorway’s nationwide network now exceeds 5,600 across franchised and independent dealerships, up from 3,000 in November 2021. 

Tom Leathes, CEO of Motorway said:

“Motorway remains focused on building a new way to transact more efficiently online, and on delivering more value to both car sellers and dealers.  We don’t buy, hold or sell stock ourselves.  This means we continue to remain independent and transparent, and can grow sustainably while ensuring everyone gets the best deal possible. Our efficient online marketplace model offers something very different, and now that we’re hitting over 1,000 cars a day, I believe we are really beginning to change how the UK car market works.

“Our team works relentlessly to understand what our dealer partners need, and we are committed to providing an outstanding service – from delivering the highest quality selection of fresh cars for sale every day, to constant platform innovations making buying the UK’s best used car stock as easy as possible. You’ll see much more innovation from Motorway throughout the rest of the year and as we look to break more records and help our dealers’ businesses win.”

Motorway’s team has now grown to over 350 people in London, Brighton and around the world.  Its continued rapid growth follows a Series C investment round of over $190m in November 2021, from global technology investors including Index Ventures and ICONIQ Growth.

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Notes to Editors

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.

With more cars than ever in its daily sale, the UK’s fastest-growing used car marketplace releases new smart features to make it easier to find stock

With up to 1,000 cars a day now going live in its daily sale, used car marketplace Motorway today announced further smart features to help dealers find the vehicles they want faster than ever – including more powerful filtering, saved searches and personalised stock alerts.

Powerful filtering

Motorway has further enhanced stock filtering tools, adding a model filter to enable dealers to pinpoint specific vehicle models they are interested in purchasing. With a choice of over 3,000 models available every week, this enables dealers to get to the right stock quickly.

Saved searches and personalised stock alerts

Motorway’s new personalised stock alerts notify dealers when there is stock on the platform that meets their specific needs.  Dealers firstly save a set of search results, then Motorway’s platform will notify them when matching stock becomes available.  Four different stock alerts can be configured, enabling dealers to set any combination of makes, models, ages, values or vehicle location they are interested in.

Extended daily sales

To allow dealers more time in the day to browse cars that fit their stock profile, Motorway has extended its daily sale hours to start two hours earlier at 8am and finish at 3pm. Motorway has also extended sales to run seven days a week with new Saturday and Sunday sales.

 Harry Jones, Founder and Chief Product Officer at Motorway, said:

“While we continue to grow our dealer customer base, we’re also committed to providing the best experience on our platform for existing dealer partners.  We regularly ask our dealers what we can do to make their lives easier – personalisation and more powerful filters are consistently high on their list, so that’s exactly what we’ve delivered with these new features.  

“More powerful filtering, saved searches and personalised stock alerts are just three of many features we’re planning to launch this year, in our mission to leverage technology to drive dealers’ business growth – in this case, by helping them find exactly what they are looking for in a fraction of the time.”

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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, the UK’s fastest growing used car marketplace will co-sponsor BT’s broadcast coverage of the Premier League, the UEFA Europa League and the UEFA Europa Conference League. 

The sponsorship agreement brokered by Motorway’s media agency, MG OMD, and Sky Media, will span 127 live games across BT Sport’s coverage of the 2022 / 2023 season with the first game on the 6^th August. The sponsorship will include a comprehensive activation package, including a series of whistle to whistle 5 and 10 second idents before games, during half-time and after games, as well as sponsorship across live streams through the BT Sport App and BT Sport website.

Motorway’s partnership with BT Sport is projected to reach 19% (5.696m) of the ABC1 audience and marks Motorway’s second major sponsorship of live sports coverage, following their recent sponsorship of the Guinness Six Nations coverage across 2022 and 2023.

Lloyd Page, CMO at Motorway, said: “We’re proud to partner with BT Sport and to play a role in bringing not just the beautiful game, but some of the most exciting football leagues in the world, to millions of football fans via our sponsorship of BT’s coverage of the Premier League, UEFA Europa League and UEFA Europa Conference League. With record numbers of motorists selling their cars online through Motorway this year, this sponsorship gives us an incredible opportunity to continue driving awareness of our platform – and help even more car owners sell their cars 100% online for a great price, to our nationwide network of thousands of dealers.”

Jeremy Rosenberg, Account Director, Advertising Partnerships BT Sport said: “We are delighted that through our work with Sky Media, we have partnered with Motorway to sponsor on BT Sport the broadcast coverage of the Premier League, the UEFA Europa League and UEFA Europa Conference League. It is fantastic to have a new brand to partner across our channels.”

Tom Cocker, Executive Director at MG OMD said: “We are thrilled to be supporting Motorway with their sponsorship of the Premier League on BT Sport. Following the acceleration of Motorway’s growth over the past year, this is the perfect partnership to help us continue to build brand awareness and fame with one the nation’s favourite football competitions. We look forward to the year ahead working with BT and Motorway on this exciting new partnership.”

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Notes to Editors

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.

About MG OMD

MG OMD is a media agency that offers clients unprecedented insight, specialism, security, and transparency. We are focused on creating difference that matters for our clients by delivering innovative, effective and award-winning work and campaigns.

We were recently named Campaign’s Global Agency of the Year 2022, Thinkbox’s TV Planning Agency of the Year 2022 and MediaWeek’s Agency of the Year for 2021. With our OmniGOV team also being named as Campaign’s Agency Team of the Year for 2021. MG OMD is also the most awarded agency in the history of the IPA Effectiveness Awards and Thinkbox’s TV Planning Awards.

However, we wouldn’t be here without our biggest point of pride, our people; and we are proud to be the only networked media agency to have been listed in Campaign’s Best Places to Work every year since it began five years ago.

About Sky Media 

Sky Media is the advertising sales arm of Sky, helping businesses of all shapes and sizes to grow. Through world-class premium content & channels, combined with market leading data-driven innovations like AdSmart, Sky Media gives brands access to audiences wherever they are, however they watch. 

Reaching over 93% of the UK population, Sky Media represents over 130 channels including all of Sky’s quality channels and sites including Sky Sports, Sky News, Sky Max, Sky Showcase, Sky Cinema, Sky Arts, Sky Atlantic, Sky Crime, Sky Comedy, Sky Witness, Sky Nature, Sky Documentaries and Sky HISTORY. Sky Media also sells on behalf of a range of renowned broadcasters including Paramount (Channel 5, MTV, Comedy Central), Warner Bros. Discovery, GREAT!, A+E Networks, AMC Networks and BT Sport. 

As Europe’s leading direct-to-consumer media and entertainment company and owned by Comcast NBCUniversal, Sky Media has a truly global footprint. So whether local, national or international, new to TV, a startup looking to scale quickly or an established brand; Sky Media’s award-winning solutions deliver for brands.

Motorway reveals a rise in value of luxury used-cars since the start of 2022

Motorway has seen a rise in luxury used-cars retaining and growing in value, with many selling for more than the cost of a new model. According to 2022 sales data from the used-car marketplace, Porsche tops the list of best investment makes, closely followed by Bentley and Audi.

Whilst previously a new car would lose value once driven off the forecourt, the same may no longer apply for a number of luxury makes and models. In June this year, a Porsche 911 Turbo S sold for £33,056 more than a new car of the same model, delivering a 20% return on the owner’s investment. The Porsche Taycan Turbo S is also retaining its value, with one owner recently selling for 4% more than a new model. 

The ongoing shortage of semiconductors and other parts has caused delays for manufacturers bringing new cars to market. Now, it’s not uncommon for wait times of 12 to 24 months for high-end cars such as a new Porsche, meaning car dealers are turning to the used car market to find high quality, low mileage cars for their customers.

Alex Buttle, co-founder of online used-car marketplace Motorway said: “Over the last six months, we’ve seen a marked increase in luxury cars achieving unprecedented prices on our platform. It’s a seller’s market, with many luxury cars selling for not far off, or more, than their original retail price when sold as new.”

10 luxury cars sold on Motorway, for more than or near, their original price in 2022

Make and model	Registration year	Sold for	New model prices from*
Porsche 911 Turbo S	2020	£201,946	£168,900
Bentley Continental GT V8	2021	£159,550	£176,775
Mercedes-Benz AMG G 63 4MATIC	2019	£153,459	£143,305
Porsche Taycan Turbo S	2021	£144,011	£140,000
Audi RS Q8 Vsprung TFSI MHEV Quat	2021	£123,059	£128,465
Porsche Panamera Turbo S	2020	£119,009	£138,600
Range Rover SVA-BIO DYN V8 SC	2021	£118,161	£147,441
Aston Martin DB11 V8	2020	£110,600	£155,200
Range Rover Sport SVR Carbon ED	2021	£106,648	£114,915
Porsche 911 Carrera S S-A	2019	£102,062	£102,800

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Notes to Editors

Examples taken from Motorway car sales, from the 1st of January to the 24th of June 2022.

*Prices starting from

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 dealer partners predict the cars set to rise most in value over the next 10 years
• British brands could have the most potential for future growth, with Aston Martin, Jaguar, Rover and Lotus all featuring
• From a Rover 75 to a Ford Focus RS, there’s a wide variety of modern cars with the potential to become future classics

Classic cars are an investment like no other. Whether it’s because of nostalgia, innovative design, cultural impact, exclusivity or simply an unbeatable driving experience, there are many modern cars which have the potential to be up-and-coming classics. However, identifying the right one can be tricky. 

Leading online used-car marketplace, Motorway.co.uk, has polled a number of dealers from its extensive network of verified car dealers¹ to reveal their top 10 list of ‘future classics’ – cars set to soar in value over the next decade.

The list is compiled of everything from exotic coupes, such as the Jaguar XK R-S GT, to surprise inclusions such as the Rover 75 V8. Whether you own a Fiat or Ferrari, there are plenty of interesting, fun and unexpectedly common cars in the list which could soon become ‘classics’.

Alex Buttle, consumer spokesperson from Motorway said “Our network of verified dealers is over 5,000 strong and every day, they compete to offer the best price for the cars our customers want to sell.

“When it comes to predicting future classics, there are a few key signs to look out for including rarity, styling and desirability. Quirky and unique features can also go a long way to adding potential value, such as the Abarth’s unique dog ring gearbox.

“Regardless of whether you’re selling now or in years to come, visit Motorway.co.uk for an instant valuation and great price”.

Rover 75 V8, 2004

It might raise the eyebrows of some for a Rover 75 to make a list of ‘future classics’, but the V8 version is a different beast which has, in recent years, been soaring in popularity. Driving the rear wheels the 4.6-litre engine and smooth automatic transmission offer refined and effortless performance entirely in keeping with the long-distance, no object associations of this historic British brand.

Alpine A110S, 2019

The beautiful Alpine A110S is a lightweight coupe characterised by high engine power, a focused chassis setup and refined design elements. The A110S was engineered to deliver sharp handling response and high-speed stability. The smart styling flourishes both inside and out help to amplify the car’s purposeful nature and give it true potential to become a future classic.

Aston Martin Cygnet, 2011

Another surprise inclusion to the bracket of ‘future classics’ is Aston Martin’s Cygnet – a miniature city car which helped to set a new benchmark for compact luxury. The Cygnet was built upon nearly one hundred years of experience and Aston Martin heritage of high performance sports cars, grand tourers, and competitive racing machines, all of which helped to create a truly luxurious solution to urban mobility. 

Jaguar XK R-S GT, 2014

The beastly looking XKR-S GT was specially developed by Jaguar to be a road-going iteration of the XK coupe. With numerous aerodynamic and suspension changes from the original XK model, plus the addition of carbon ceramic brakes, the Jaguar XKR-S GT offers race-car inspired performance in a car that is road legal…somehow.

Alfa Romeo Stelvio Quadrifoglio, 2018

Alfa Romeo’s unexpected contribution to the shortlist of future classics is its latest model of the Stelvio Quadrifoglio. Built with many class-topping features, the premium compact SUV immediately set a new benchmark in its segment. With its design, performance and technology, Stelvio Quadrifoglio is officially the fastest SUV around the circuit, having registered a new record for its class on the iconic Nürburgring racetrack at 7 minutes 51.7 seconds.

Ford Focus RS, 2016

Ford’s popular high-performance road car helped to pioneer the Ford Performance All-Wheel-Drive system, and still delivers class-leading cornering speed and performance. The 2016 Focus RS introduced advanced performance technologies, and was the first Ford RS equipped with selectable Drive Modes – including an industry-first ‘Drift Mode’ – a feature which only adds to its potential value. 

Abarth 695 Biposto, 2014

The only road legal production car with an optional ‘dog ring gearbox’ is the Abarth 695 Biposto. The 695 Biposto is the most extreme version of the Abarth – essentially a Fiat 500 –  with a 1.4 litre turbo engine. The car weighs just under a tonne at 997kg and accelerates from 0-62 in a remarkable 5.9 seconds.

Fiat 124 Spider, 2017

The 2017 version of the Fiat 124 Spider revives the classic styling and typically Italian performance of the original to a new generation. Paying homage to the original open-top 124 Spider that launched 50 years ago, the 2017 124 Spider delivers an authentic Italian roadster experience filled with driving excitement and technology, combined with a classic Italian design.

Edition 1 Mercedes, 2016

The special “Edition 1” model of the Mercedes-AMG C63 Coupé marks an extraordinary and powerful combination of exclusive design and equipment characterised and inspired by the aesthetics of future Mercedes-AMG racing coupés, which went on to compete in the popular DTM racing series in 2016.

Lotus Exige S1, 2000

Last but not least on the list is the beautifully crafted Lotus Exige S1 – a lightweight sports car first released in 2000 from the East Anglian-based brand. Under the rear engine was a 177bhp 1.8-litre engine. This, combined with the car’s weight of just 780kg, allows the Exige to shoot from 0-62mph in just 4.7 seconds.

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Notes to Editors

¹ William Kikham, Director at Targa Florio Cars, John Graeme, Redline Specialist Cars, The Team at Cornerhouse Garage

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.