Two thirds of UK sellers (64%) use Motorway to accumulate inventory on-line.
Greater than 7,500 supplier companions are signed as much as the platform. The surge in variety of supplier companions has led to £7.8bn value of vehicles bought since Motorway launched in 2017.
James Wilson, COO, Motorway, mentioned: “Our mission has all the time been to supply the most effective on-line service for sellers to accumulate high quality inventory rapidly, simply and effectively.
“The variety of sellers signing up and the quantity of personal inventory going into public sale every week, exhibits that we’re actually delivering on this mission.
“Introducing a built-in funds course of into the platform was an business first final yr and has been an actual recreation changer for our sellers – with £2bn processed on their behalf.
“The time it is saving our dealers really can’t be underestimated – for every five purchases dealers are making through our system, they are getting back one hour of admin time. When you think about how many purchases some dealers are making in a week, that really can make a huge difference to both their working day and bottom line.”
A automotive is bought on Motorway each two minutes, with inventory ranges reaching greater than 7,000 autos per week.
Sellers can discover, pay and transport personal autos on-line. Since launching Motorway’s embedded funds service, the enterprise has processed over £2 billion on behalf of their supplier companions in 18 months.
Paying for personal inventory straight has saved sellers time, cash and stress – decreasing admin time by 13 minutes per transaction.
