Does anybody understand how Motorway operates?

[RogerSalesCar]

I have previously sold a vehicle via Motorway, so I am familiar with the procedure; nevertheless...

I am curious whether anybody understands the functioning of the underlying algorithms, since I have seen that inputting identical vehicle models and miles yields varying estimates for various individuals. Specifically, an individual informed me that they received a quotation of £18,500 for their Mercedes via Motorway, whilst I was offered £20,200 for the same vehicle. Significantly different.


I can hypothesise the reasons behind this, but I am eager to learn if anybody has any educated thoughts or information on the matter.

Thank you.

[newjimmy54]

Were these quotations made before to or after to the submission of all the photographs and documents?

[RogerSalesCar]

Prior. However, there may have been some misunderstanding, I presume! I was informed that his statement before mine, which is unequivocally accurate.

I was enquiring to determine if others had encountered this as well.

[MercedesMan98]

It is undoubtedly contingent upon the specific dealer's bidding. Each individual is aware of their desired payment and has a certain selling price in mind.

[RogerSalesCar]

The selling price is confirmed. The first quotation relies only on databases and algorithms, prior to the vehicle being shown to their dealer network.

[MercedesMan98]

The used automobile market is very volatile and will mirror national and regional trends.

[RogerSalesCar]

Indeed, agreed. That is, I believe, a component of my inquiry. Does the postcode you provide when requesting a quotation influence the price you receive?

I am uncertain, but it seems plausible, which is why I am enquiring.

[craigstomer]

Indeed, I concur. I consider it to be a facet of my investigation. Does the postcode provided during a quote request affect the price offered?

I am unsure, although it is reasonable, therefore my inquiry.

[RogerSalesCar]

Indeed, I concur. However, I believe this occurred prior to its visibility to bidders.

I just discovered that the other quotation pertained to posted images; yet, there remains an intriguing discrepancy of over £1,000 in the "pre-photo" price.

[RogerSalesCar]