Virgin Cars

Virgin Cars (UK) Limited
Company type	Limited
Industry	Automotive industry
Founded	2000; United Kingdom
Founder	Richard Branson; Ian Lancaster
Defunct	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.^[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

^ 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 Wikipedia by expanding it.

[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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