About: 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. 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.