Used car marketplace Heycar, which recently launched in the UK, has partnered with car-selling comparison site Motorway.
The partnership has been formed to enable customers to value their current car on the Heycar site, before being directed to Motorway to sell their vehicle online. Consumers will be able to complete the entire process of selling their car online, after selecting the best offer available to them.
Motorway collates offers from multiple car buying websites and dealers to provide the seller with various offers to choose from.
Heycar now has more than 2,500 dealerships signed up to its platform since launching in August, with an inventory of more than 150,000 vehicles.
Mat Moakes, chief executive of Heycar, said there are a growing number of customers moving towards completing car transactions online, as it makes their lives easier. “By partnering with Motorway, we’re helping to fulfil this in the car-selling journey. Motorway has fantastic feedback from customers and have a shared ethos of creating a better car market for everyone, so it seemed like a natural partnership.”
Users on the Motorway platform enter their car registration and mileage into the website, before comparing offers from various online car-buying sites and dealers. The site shows the various prices offered along with other variables, including independent customer reviews, car collection and admin fees.
Tom Leathes, chief executive of Motorway, added: “Motorway are delighted to offer our car selling comparison service to heycar’s customers. We share similar aims to bring choice, speed and transparency to the car market with innovative online experiences – so this partnership felt like a perfect fit.”
Speaking in August at the time of the company’s launch, Moakes said: “The UK used car industry is worth £50bn, yet it works inefficiently for consumers and dealers. Buying a used car can be like a lottery, you don’t know what you’ll get. Existing websites are often cluttered with ads, eroding consumer trust. Dealers are burdened with rising fees for listing used cars online, which squeezes their margins without a guarantee of leads or sales being generated.”