Two thirds of UK dealers (64%) use Motorway to acquire stock online.
More than 7,500 dealer partners are signed up to the platform. The surge in number of dealer partners has led to £7.8bn worth of cars sold since Motorway launched in 2017.
James Wilson, COO, Motorway, said: “Our mission has always been to provide the best online service for dealers to acquire quality stock quickly, easily and efficiently.
“The number of dealers signing up and the amount of private stock going into auction each week, shows that we are really delivering on this mission.
“Introducing a built-in payments process into the platform was an industry first last year and has been a real game changer for our dealers – 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 car is sold on Motorway every two minutes, with stock levels reaching more than 7,000 vehicles a week.
Dealers can find, pay and transport private vehicles online. Since launching Motorway’s embedded payments service, the business has processed over £2 billion on behalf of their dealer partners in 18 months.
Paying for private stock directly has saved dealers time, money and stress – reducing admin time by 13 minutes per transaction.