Pro solution for buyers and sellers
Car selling comparison website Motorway has announced the launch of its dealer stock acquisition platform Motorway Pro, as well as an £11m funding round from leading technology investors.
Through the Motorway Pro platform, consumer sellers with newer and higher value used vehicles can now opt to see offers from dealers, alongside instant prices from online car buyers.
Sellers complete a detailed online profile of their car, which is then accessible to dealers on the Motorway Pro platform. Dealers can bid for the vehicle over the next 24 hours and the winning dealer is connected to the seller to complete the transaction.
Motorway’s CEO Tom Leathes said, ‘Motorway Pro connects dealers directly to consumer sellers that want to sell fast – helping both the dealer and the seller get a great deal in minutes, without leaving their seat. And we’re making things easier and more enjoyable using the power of instant messaging.
‘Pro helps buyers to find high-spec stock that’s hard to get through traditional auctions and other usual routes. And because we simplify the process, we’re able to achieve new levels of cost efficiency and a far better experience.’
Motorway has been working with a select group of buyers to test and develop its Pro platform, including Sytner, Inchcape, Jardine Motors and a number of independent dealers. They are now accepting new independent and franchise dealerships across the UK onto the platform.
Motorway has also announced an £11m funding round from leading technology investors Marchmont Ventures and LocalGlobe, following rapid growth in the 18 months since it launched.
Motorway, which launched in 2017, has grown to over 100,000 monthly car sale enquiries, and it has already delivered more than £130m in successful car sales to its buying partners.
