Research commissioned by online used-car marketplace Motorway has revealed that one in three (36%) Londoners plan to sell their vehicle in the next six months because of the proposed ULEZ extension alongside the rising cost of living.
Londoners are growing increasingly concerned about the expansion, with three in five (60%) admitting they are worried about how it will affect their finances. Two thirds (67%) of those surveyed can’t afford to switch to an electric vehicle or compliant petrol car.
According to data from Motorway’s ULEZ compliance checker, Mercedes and Land Rover are the most likely to be non-compliant with three in five (60%) vehicles facing fines. Research also uncovered that four in 10 (39%) Londoners sold their car when ULEZ was originally introduced, and with plans of an expansion on the horizon, many more are set to follow suit.
When asked about the reasons for selling their petrol or diesel car, half (47%) of Londoners said they would sell in order to buy an electric vehicle in light of the potential expansion of ULEZ. However, due to the rising cost of living, many will be unable to make this switch.
What’s more, the data reveals that a third (36%) of those in the capital are unaware the ULEZ could be expanded by August 2023.
Alex Buttle, co-founder of online used-car marketplace Motorway said: “The cost of petrol and diesel, along with the cost of living, are rising fast. This coupled with the extension of the ULEZ in London, means more urban drivers are questioning their current car and driving habits. We’ve seen a 21% rise in diesel cars being sold on Motorway since last month and the research revealed many more motorists will be looking to sell in the next six months due to the likely expansion of ULEZ to cover the whole of the city.
“At Motorway, we work with a network of more than 5,000 dealers, who compete to give sellers a great price for their car. So no matter what the reason a car owner might be looking to sell, we’re here to help sellers do that 100% online, in as little as 24 hours.”
To value your car and to get an estimated sale price, visit Motorway – the way to sell your car.
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Notes to Editors
Research conducted in July 2022 by Censuswide with a sample of 1,000 British car owners aged 18+ from London and Greater London.
1 Based on 159,779 checks for Mercedes, Land Rover and Toyota vehicles on Motorway’s
ULEZ compliance checker. We can provide a full breakdown on request.
Mercedes – 60%
Land Rover – 60%
Volkswagen – 56%
BMW – 55%
Audi – 54%
Peugeot – 46%
Honda – 45%
Ford – 44%
Nissan – 41%
Vauxhall – 40%
Toyota – 38%
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 a great 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, has launched a new TV ad with a campaign bringing to life selling your car the Motorway way, in a fun and engaging advert. The new TV advert sees car dealers compete to secure the best price by dancing on epic, larger-than-life calculators.
The ad opens on a family in their living room, with the kids playing on a dance mat in front of the television. Their mother, sitting behind them, is using her phone to sell her car on Motorway and is instantly transported into a vast, imaginary dance arena. Missy Elliot’s iconic dance track, ‘Lose Control’ gradually gets louder, as car dealers take to the stage to compete in a circular dance-off on giant calculators situated around the car.
Car dealers enter the vast, imaginary dance arena with ‘Car Dealers Compete’ displayed on the jumbotron.
One by one, dealers submit their highest bid. The winning dealer with the best price hot-steps his way to win the vehicle and throws his arms up in celebration. The film then transports the viewer back to the living room with the mother effortlessly announcing she has “just sold the car”, while the kids celebrate in unison. The film ends with the line ‘Motorway, the way to sell your car’.
The winning dealer throws his hands up in celebration, having just secured the car at a great price.
Lloyd Page, Chief Marketing Officer at Motorway, said:
“We have a real focus on innovation at Motorway and are committed to helping our customers sell their cars easily, for the best possible price. As a result, we’ve experienced a record-breaking year to date – we’re now selling up to 1,000 cars a day with a sale agreed every four minutes.
“With this new campaign, we wanted to focus on explaining how Motorway delivers such great results for car sellers, while celebrating the car dealers that form the backbone of our business. With our new ad, we bring to life the Motorway way to sell your car, where dealers compete to give you their best price, in a fun and engaging way for viewers at home.”
In addition to the new TV ad launching today, Motorway’s new campaign includes nationwide radio, social media and outdoor advertising.
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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 a great 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.”
ENDS
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 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, 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 6th 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.
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.
ENDS
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.
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
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
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
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
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 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 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
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
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
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
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.
ENDS
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.
