Its ranks also include 20 companies in the leasing, rental and fleet management side. There are no details on the scale of transactions to date.
Motom CEO and Co-founder Julian Humphreys, said:
“From our early research, it was clear that motor dealers are looking for a trading platform that’s not only easy to use but allows them to make buying and selling commitments in minutes rather than hours.
“We also found that many wanted additional tools to help their businesses fight back against the wave disruption in the sector and be assured they are dealing with an independent business.”