Motorway eyes greater share of UK’s £100 billion used car market after posting 48% revenue growth

Used car marketplace Motorway has reported significant growth in revenue and a reduction in operating losses.

In total, sales through Motorway's platform reached £2.2 billion with improved operating margin rising from -93% in 2022 to -51% in 2023, through greater operational efficiency and enhanced revenue generation.

Throughout 2023, Motorway doubled down on its core strengths by enhancing its digital platform, strengthening relationships with consumers and dealers, and investing in product innovations.