Motorway has launched a brand new enterprise remarketing service within the UK, opening up a fresh supply channel of end-of-finance vehicles for its dealer partners.
Mobilize Financial Services, the finance partner for Renault Group brands and Nissan within the UK, is the primary company to adopt the platform.
The move expands Motorway’s role within the used automobile market beyond consumer-to-dealer transactions and into the remarketing sector, targeting vehicles which might be typically between two and 4 years old with low mileage and single ownership.
Motorway said its recent model removes the necessity for physical auction sites, storage and multiple transport stages which might be commonly related to traditional end-of-finance contract processes.
As a substitute, registered keepers profile their vehicle through a dedicated app, including recording any damage, before the automobile is auctioned on to dealers through Motorway’s platform.
Following a successful sale, a BVRLA-compliant inspection is accomplished at the client’s address before the vehicle is transported on to the purchasing dealer.
Motorway said the method is designed to cut back operational complexity, speed up vehicle turnaround times and improve value retention for remarketing partners.
A brand new stream of stock for dealers
For dealers, Motorway said the service creates access to a brand new stream of stock through the identical Motorway platform they already use, without requiring additional systems or onboarding.
Motorway said the vehicles available through the service will typically be lower than 4 years old and have covered fewer than 30,000 miles.
All vehicles purchased through the remarketing service will include Motorway Protect at no additional cost.
Motorway Protect is an FCA-regulated insurance offering – powered by Opteven UK .
The warranty provides dealers with protection against unexpected mechanical and electrical issues discovered after purchasing a vehicle.
Dealers can even receive reduced fees on Motorway Move, the corporate’s logistics service, which incorporates BVRLA-standard inspections and pre-agreed collection dates.
“Remarketing sector overdue a rebuild…”
Tom Leathes, chief executive and co-founder of Motorway, said: “For nearly 10 years, Motorway has worked to rebuild how used cars get bought and sold. We began with private sellers, and we’re now applying the identical model to remarketing.
“Traditional remarketing wasn’t designed for the technology we now have now.
Cars get collected, sent to a physical site for storage, sold through an auction, then transported again and the entire process takes weeks.
“We have removed the steps and built something higher. Leasing firms get more value from their stock and reduce operational complexity, dealers get a brand new, consistent supply of prime stock direct from the source, and leasing customers get a faster, simpler end of contract experience.
“Mobilize is the proper first partner for this. They have been ambitious about how they give thought to the top of contract experience, and this is part of the market that is well overdue a rebuild.”
Brian Williams, chief executive of Mobilize Financial Services, said: “Our recent partnership with Motorway represents a major strategic advancement, fundamentally reshaping how we bring high-quality used vehicles to our dealer networks, delivering improved speed and efficiency.
“Our dealer partners will gain faster access to low-mileage stock, empowering them to higher reply to market demand, while our customers will profit from a streamlined inspect and collect experience, and even greater transparency throughout their end-of-contract journeys.
“Along with Motorway we’re redefining the long run of used vehicle distribution and reinforcing our commitment to innovation.”
This Article First Appeared At www.am-online.com
