UK’s Motorway takes eBay approach for consumers to sell cars to dealers

A woman walks into the sales office of a car dealership in Isham, following the outbreak of the coronavirus disease (COVID-19), Isham, Britain, June 1, 2020. REUTERS/Andrew Boyers

LONDON (Reuters) - Fast-growing UK startup Motorway has taken an asset-light, eBay-like online marketplace approach for consumers to sell used cars directly to dealers, a model the company hopes to expand to other countries and eventually lead to a public listing.

"We definitely have global ambitions," Motorway CEO Tom Leathes told Reuters. "But we want to do that carefully. So definitely down the line, but not in the next few months." He declined to elaborate on which countries outside Britain the company sees as potential markets.