Virgin Cars
British Internet automobile retailer
From Wikipedia, the free encyclopedia
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.
United Kingdom
Ian Lancaster
| |
| Company type | Limited |
|---|---|
| Industry | Automotive industry |
| Founded | 2000 United Kingdom |
| Founder | Richard Branson Ian Lancaster |
| Defunct | 2005 |
| Headquarters | 120 Campden Hill Road, , 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) |
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.[citation needed]
In 2005, the company stopped all operations and ceased trading.[5]
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