Virgin_Cars

Virgin Cars

Virgin Cars

Internet automobile retailer


Virgin Cars Ltd was an internet automobile retailer, established by British entrepreneur Sir Richard Branson and co-founded by Ian Lancaster in 2000 as part of the Virgin brand of companies.

Quick Facts Company type, Industry ...

Branson predicted the company would sell 24,000 cars in its first year, with a £300m turnover.[1] By October 2000, the company had sold more than 2,000 cars, generating £30 million.[2] In 2001, the company launched a subsidiary, Virgin Bikes.[3] By 2003, the company had still sold only 12,000 cars.[4] In May of that year, Branson opened Virgin Cars' first showroom in Salford, Greater Manchester.

In 2005, the company stopped all operations and ceased trading.[5]


References

  1. Brabbs, Cordella (25 May 2000). "Virgin Cars aims for £300m sales". Marketing.
  2. "Branson launches Virgin Cars at Motor Show". PR Newswire. 17 October 2000.
  3. "Virgin Cars". Marketing Week. 5 July 2001.
  4. "RICHARD BRANSON'S FAILS: 14 Virgin Companies That Went Bust". Business Insider. 21 April 2012. Retrieved 16 May 2014.
  5. "Virgin Cars Homepage after closing". Archived from the original on 1 January 2006. Retrieved 4 May 2013.{{cite web}}: CS1 maint: bot: original URL status unknown (link)



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