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Driving change in the UK’s used car market with Harry Jones from Motorway

Most used car dealers in the U.K. get their stock from auctions, and one startup is moving the process online to make it easier for both car owners and car dealers. This week, Becca and special co-host Kirsten are talking with Harry Jones, the co-founder of Motorway () , a U.K. startup helping professional car…

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Most used car dealers in the U.K. get their stock from auctions, and one startup is moving the process online to make it easier for both car owners and car dealers. This week, Becca and special co-host Kirsten are talking with Harry Jones, the co-founder of Motorway () , a U.K. startup helping professional car dealers to bid in an auction for privately owned cars for sale. Motorway has seen rapid success, with a car sold every three minutes and a GMV of £2.2 billion last year. In this episode, Becca, Kirsten and Harry chat about the importance of focusing on a core market and how he and his co-founders built a strong and lasting partnership.

00:00 – Introduction and overview of Motorway

03:03 – Early days and initial ideas for Motorway

05:50 – Pivot to its current model

08:08 – Working with dealerships

10:18 – U.S. vs U.K. and market focus

15:05 – Initial traction, challenges and demand from dealers

25:39 – The co-founding team and their long-term collaboration

30:31 – Lessons learned from previous companies 

36:04 – Motoway’s future

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Found posts every Tuesday. Subscribe on Apple () , Spotify () or wherever you listen to podcasts () to be alerted when new episodes drop. Check out the other TechCrunch podcast: Equity () .

 

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    October 4, 2024 at 4:59 am

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Radiant has won a $750 million US Army contract to provide 15 portable nuclear microreactors under the Janus program. President and COO Tori Shivanandan discusses the technology behind the reactors, the military’s push for resilient energy, and what Radiant needs to do next to scale production. She joins Ed Ludlow on “Bloomberg Tech.”
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