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Virgin Cars
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
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