London, 6th July 2017Motorway.co.uk has today launched the UK’s first price comparison service for selling your car. The platform enables consumers to compare instant offers for their car from leading online car buyers, enabling a much faster and more informed selling decision.

UK motorists are increasingly choosing to sell their car to an instant online car buyer[1], where prices may be lower than via a private sale, but the transaction is quick and hassle-free. However, with multiple companies to choose from, finding the best deal can be confusing.

Motorway.co.uk’s price comparison service solves this problem, bringing transparency and choice to a sector that is growing rapidly year-on-year, but which to date has been dominated by one major player – We Buy Any Car.

Using Motorway.co.uk’s easy-to-use price comparison website, consumers enter their car’s registration number and mileage, then compare instant offers from multiple online car buying websites in seconds. The site shows the various prices offered along with other variables – such as independent customer review scores, car collection and any admin fees charged by the car buyers.

Motorway.co.uk has five car buyers providing offers at launch, including WeWantAnyCar, The Car Buying Group and WeBuyCarsToday, with more partners to be added in the coming weeks. Although We Buy Any Car is not included at this time, consumers can compare the leading challenger websites, which combined have more than 40% of traffic share[2] in the online car buying space. These companies often offer better prices or lower fees than the market leader.

Tom Leathes, Managing Director and co-founder of Motorway.co.uk, comments:

“More than seven million second hand cars are sold each year, and a massive number are now sold to online car buying sites. But with multiple companies offering similar services, it’s a confusing process for consumers. We’re solving this by providing powerful, instant price comparison with a single search.

“Price comparison has become the standard way to find the best deal in most consumer sectors and it’s about time that same transparency was applied to selling your car. The choice of company isn’t just about the amount offered for the car – we clearly show customers the fees charged, car collection and review scores for every buyer.

“We believe the car industry is behind many other sectors in using technology to make online transactions fast and straightforward. With Motorway.co.uk, we’re proud to be the first platform ever to offer instant price comparison for car buyers. As we grow, we plan to add many more services, tools and features to become the best possible platform for anyone looking to sell their car.”

Motorway.co.uk’s founding team are serial technology entrepreneurs. Tom Leathes, Alex Buttle and Harry Jones have been working together for 13 years. During that time they have started, built and exited businesses in commercial property, finance, travel and telecoms. This includes the UK’s biggest broadband and mobile phone comparison site, which was acquired by uSwitch.

Motorway price comparison
Enter your reg to compare instant car buyer offers to buy your car

 

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Notes to Editors

 

  1. ‘We Buy Any Car sees 13% rise in used car volumes’ link
  2. SimilarWeb web traffic data on the leading online car buying websites (May 2017)
  3. Download Motorway.co.uk visual assets here

 

For further information please contact:

Jonny Stevens, Rhizome PR on 07977 119 579

Alex Buttle, Marketing Director at Motorway.co.uk

Email: press@motorway.co.uk

 

About Motorway.co.uk

Motorway.co.uk is the UK’s first price comparison site for selling your car, providing customers with instant offers from leading online car buyers. Car sellers can choose their best deal and sell their vehicle in a few clicks.

Motorway Car Buyer Comparison

4th July 2017 | By Alex Buttle

We are excited to announce that we have (soft) launched the UK’s first car buyer comparison service!

Compare car buyers at Motorway
One search to compare instant offers from the UK’s leading car buying websites

Motorway has always had a vision to make selling your car as quick and easy as possible. But we know customers have to jump between multiple online car buyer websites to find the best deal. And it’s not always about just the price offered – sellers need to know a buyer’s reputation, fees and how easy the sale will be.

We’re solving this problem by giving you a one-stop shop to compare instant offers on your car from the UK’s best online car buyers. Compare price, car drop-off and collection arrangements, fees and payment details in seconds, then find the best deal for you.

We hope this will make selling cars much quicker, easier and more transparent for the UK’s motorists.

The Motorway website has been completely overhauled today, and includes:

  • A full car-buyer comparison, with live car valuations and instant offers
  • Compare online car buying websites on review score, price, payment terms and fees
  • The ability to see where you need to drop your car off or whether you can get your car collected free from your home or work address
  • An account log in so you can see your previous offers and valuations, allowing you to manage multiple cars in your account
  • An updated responsive design, with a new homepage, guides, FAQs and much more!

Give it a try now – find your best offer here.

Disel car selling

  • More than half (56%) of all enquires on car buying website Motorway.co.uk in April were drivers looking to sell a diesel car (even though only 47.7% of cars on the road are diesels)
  • New survey results reveal 18.9% of diesel car owners are looking to sell soon vs 16.1% of petrol car owners
  • A predicted 15% drop in the value of a second-hand diesel by the end of 2017 could wipe more than £17bn off the net worth of diesel car owners

Thousands of diesel car owners are already looking to offload their vehicles after a “triple whammy of bad news”, to buy newer, cleaner alternatives before the value of their cars plummet, according to figures from car buying website Motorway.co.uk.

Motorway enables customers to get a free valuation on their car, and then sell it within 24 hours if they choose to do so. Based on thousands of online valuations made in April, more than half (56%) of enquiries were from UK diesel car owners, even though only 47.7% of cars on UK roads are diesels [1].

The share of diesel vehicle enquiries through the website has increased consistently month-on-month since the start of 2017, growing by 1% a month on average.

Amongst diesel owners based in London, enquiry levels were even higher. The Capital’s diesel drivers are clearly questioning their car ownership choices, with 58% of all of Motorway’s valuation enquiries in London last month being diesels.

This surge in enquiries from diesel sellers follows Environment Secretary Andrea Leadsom’s impending announcement to target diesel owners – including a diesel car scrappage scheme and ‘toxin tax’. London Mayor Sadiq Khan stated he will bring forward the introduction of an ultra-low emission zone to April 2019, and increased congestion charges on high-polluting cars.

A survey of 750 car owners across the UK carried out by Motorway also revealed that 18.9% of diesel owners said they will be looking to sell their car over the next 12 months. The survey found just 16.1% of petrol car owners looking to sell in the same period.

 Used diesel car price fall

The anticipated glut of diesel cars to hit the used car market, combined with falling buyer demand makes a significant price drop likely within the next 12 months.

Motorway believes a fall in the average price of used diesel cars of 10 to 15% versus their current deprecation rate, over the next 12 months, is entirely likely. With around 17 million diesel cars on the road[2], and the average value of a used diesel car at around £7,000, a 15% drop in value would see more than £17 billion wiped off the combined net worth of current UK diesel car owners.

Alex Buttle, Director of Motorway.co.uk, comments: “Diesel car owners have been hit with a triple whammy of bad news. The proposed UK-wide toxin tax, the early introduction of a London ultra-low emission zone and the probability that the Government will implement a diesel scrappage scheme, has left diesel car owners questioning their choice of ownership.

“We have not seen a major fall in diesel car valuations on our website just yet, but the surge we have seen in diesel selling suggests the market will quickly become saturated. Coupled with falling demand for ‘dirty diesels’, this means a price drop is inevitable. This has already happened in Germany, where similar diesel regulations led to a 19% drop in the average price of diesel cars this year[3].”

“As car buyers opt for cleaner, ‘punishment-free’ fuel options, we believe there will be an increase in the share of petrol, hybrid and electric vehicle sales in the months ahead.”

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Notes to editors

For further information please contact:

Jonny Stevens, PR on 07977 119 579

Alex Buttle, Director of Motorway.co.uk on 07968 841 352 or alex@motorway.co.uk

 

About Motorway.co.uk

 

Motorway.co.uk is a leading UK car buying website, allowing customers to get an instant valuation on their car, and sell it car within 24 hours. Sellers benefit from free UK-wide collection of their car, instant payment and a best-price guarantee.

 

Data sources

Data from Motorway.co.uk includes over 44,000 individual car selling enquiries through its website between January 2017 and April 2017.

  • Survey data was commissioned by Motorway.co.uk and conducted by Qriously in a UK-wide online survey of 750 car owners from May 2nd to May 5th 2017

[1] SMMT, 2017 – link

[2] DVLA, 2017 – link

[3] Reuters – German diesel car sales drop 19 pct – link

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