Fast-growing digital motor firm wins prestigious young business award

7 years ago

Press release

14 November 2016

Fast-growing digital motor firm wins prestigious

young business award

A start-up digital motor firm has been awarded a prestigious regional award.

The Car Buying Group, which formed in 2014, has been awarded Young Business of the Year at the Yorkshire Post's Excellence in Business Awards.

The successful award win sees the Wakefield and Bradford-based national firm recognised for their fast growth since forming the business just two years ago. The award ceremony was held at the Royal Armories in Leeds on Friday 4 November.

Now in its 11th year, the awards were hosted by British journalist and former member of parliament, Michael Portillo and featured guest motivational speaker and ex-The Apprentice star, Katie Bulmer-Cooke who set the room ablaze with her start-up story.

In the award spotlight, The Car Buying Group beat off competition from a record number of applicants and was acknowledged for his efforts in driving the fastest growing online car purchasing website in the UK.

Since forming the company, the business has seen significant growth with the recruitment of 12 employees and significant investment from long-standing motor giant Greenhous Group.

The Car Buying Group maintain ambitious expansion plans to gain further market share in the car buying marketplace and further enhance the customer service of automotive sales through their dedicated and trained team.

Founder and managing director, Tom, holds further plans to expand their digital offering to other aspects of the motor trade and, intentions to double their workforce within the next year.

Founder of The Car Buying Group, Tom Marley says:

“It is a fantastic achievement to be awarded the Young Business of the Year award by the Yorkshire Post. The team and myself were delighted to recognized for all our hard work over the past two years, with the business rapidly expanding it is an honour to be highly-praised for our business achievements.”

-Ends-

Notes to the editor

Issued on behalf of The Car Buying Group by MacComms. For more information, contact Ellie MacDonald on 079891 59138 / ellie@maccomms.net.

About The Car Buying Group

The Car Buying Group (TCBG) is the fastest growing online car purchasing website in the UK.

Established in 2014, TCBG, a trading name of Digital Automotive Solutions Ltd, was formed by young entrepreneur Tom Marley with the support of three shareholders, all of which have exceptional experience of growing and nurturing startups in the motor trade and digital arenas.

An automated online valuations system, backed up by an excellent customer service to ensure optimal customer satisfaction, TCBG has experienced rapid growth following its first two years in operation, increasing from a £3m turnover in year one to a £10m in year two and now has projections to exceed £30m in year three.

Thanks to a multi-million-pound investment from motor trade giants, the Greenhous Group in February 2016, the firm’s growth has propelled the business into larger markets and it now has several corporate partnerships and white label solutions.

Based in Yorkshire with more than 80 drop-in sites across the UK and Northern Ireland, TCBG provide a fair, fast and hassle-free way to sell a car online. Requiring only a few basic pieces of vehicle information, a car valuation is provided instantly to the customer searching their website. Furthermore, TCBG offer a UK wide free vehicle collection service, for maximum convenience to the customer.

Currently run from offices in Wakefield, Bradford and Plymouth with a headcount of 13, the team will grow to 20+ before the end of 2016.

For more information, visit www.thecarbuyinggroup.com.

Attached Media

About The Car Buying Group

The Car Buying Group is the fastest growing online car purchasing website in the UK. Established in 2014, The Car Buying Group, a trading name of Digital Automotive Solutions Ltd, was formed by young entrepreneur Tom Marley with the support of three shareholders, all of which have exceptional experience of growing and nurturing startups in the motor trade and digital arenas. With an automated online valuations system, backed up by an excellent customer service to ensure optimal customer satisfaction, The Car Buying Group has experienced rapid growth since its inception and in 2017, the business continued to build its impressive revenue figures, growing from £18.9 million in 2016 to £43.7 million in 2017. Thanks to a multi-million-pound investment from motor trade giants, the Greenhous Group in February 2016, the firm’s growth has propelled the business into larger markets and it now has a number of corporate partnerships and white label solutions. Based in Yorkshire with more than 80 drop-in sites across the UK and Northern Ireland, The Car Buying Group provide a fair, fast and hassle-free way to sell a car online. Requiring only a few basic pieces of vehicle information, a car valuation is provided instantly to the customer searching their website. The Car Buying Group was recently listed as the third fastest-growing tech company in the North, in The Northern Tech 100 League Table, was the winner of the ‘fast growth’ award at TheBusinessDesk.com’s Yorkshire Business Masters Awards 2018, as well as Tom Marley, founder of the firm, being shortlisted as a finalist in the 2018 EY Entrepreneur of the Year for the North. For more information, visit www.thecarbuyinggroup.com.