 | |
| Company type | Limited |
|---|---|
| Industry | Automotive industry |
| Founded | 2000 (2000) United Kingdom |
| Founder | Richard Branson Ian Lancaster |
| Defunct | 2005 (2005) |
| Headquarters | 120 Campden Hill Road, London, United Kingdom |
| Number of locations | Salford Quays, City of Salford (Showroom) |
| Area served | United Kingdom |
| Parent | Virgin Group |
| Website | www.virgincars.com (via archive.org) |
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.
Branson predicted the company would sell 24,000 cars in its first year, with a £300m turnover. By October 2000, the company had sold more than 2,000 cars, generating £30 million. In 2001, the company launched a subsidiary, Virgin Bikes. By 2003, the company had still sold only 12,000 cars. 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.
References
- Brabbs, Cordella (25 May 2000). "Virgin Cars aims for £300m sales". Marketing.
- "Branson launches Virgin Cars at Motor Show". PR Newswire. 17 October 2000.
- "Virgin Cars". Marketing Week. 5 July 2001.
- "RICHARD BRANSON'S FAILS: 14 Virgin Companies That Went Bust". Business Insider. 21 April 2012. Retrieved 16 May 2014.
- "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)
External links
- Virgin Cars at the Wayback Machine (archived December 21, 2005)
 | This article about a retailer in the United Kingdom is a stub. You can help Misplaced Pages by expanding it. |
- Virgin Group
- Automotive companies of the United Kingdom
- Defunct companies based in London
- Retail companies established in 2000
- Internet properties established in 2000
- Transport companies established in 2000
- Retail companies disestablished in 2005
- 2000 establishments in England
- 2005 disestablishments in England
- United Kingdom retail company stubs