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The Car Buying Group

UK’s fastest growing online car purchasing website named in top 3 technology businesses in the north

06 April 2018 11:13

FOR IMMEDIATE RELEASE

An online car purchasing company has been listed in the top three fastest growing northern tech companies.

The Car Buying Group, based in Wakefield and Bradford, has been listed as the third fastest growing technology business in the north of England in the Northern Tech 100 League Table. The prestigious list is compiled annually by GP Bullhound.

The Car Buying Group demonstrated impressive revenue growth throughout 2017 to achieve the third-place position. This position also places The Car Buying Group as the second highest placed e-commerce business in the Northern Tech 100 League Table. This year’s success builds on that of last year, when The Car Buying Group claimed the title of the north’s fastest growing technology business in 2017.

The Northern Tech 100 League Table has been compiled annually since forming in 2011 and is part of the events portfolio of GP Bullhound, the leading international technology investment bank. Once a year The Northern Tech 100 League table is created as part of the Northern Tech Awards to recognise the fastest growing technology companies in the north and celebrate the region’s biggest technology success stories.

The Awards provide a unique way of celebrating the innovative technologies and businesses developed in the region, and recognise those who have contributed to their success.

Established in 2014, The Car Buying Group provides a fair, fast and hassle-free way to sell a car online. Requiring only a few basic pieces of vehicle information, a car’s valuation is provided instantly to the customer searching their website. The Car Buying Group offers a UK wide free vehicle collection service for maximum convenience.

Founder of The Car Buying Group, Tom Marley, commented:

“We’re delighted to be named in the top three for the north’s fastest growing technology businesses and it is great to have our fantastic growth to date recognised once again on the Northern Tech 100 League Table.

“Since we started the business we have demonstrated consistent revenue growth and continued to develop our leading valuation technology which is enabling us to deliver a hassle-free way to sell cars online. We look forward to further building on our success to date in what promises to be an exciting 2018 for The Car Buying Group.”

Vicki Shiel, Head of Content and Learning at Tech Nation said:

"The Northern Tech 100 league table showcases the fastest growing tech companies in the North and the growth of some of these companies is testament to this exciting sector. For The Car Buying Group to go from taking the number one spot in 2017 to third in 2018 is an amazing achievement - to be in the top five out of 100 companies two years running is proof this company is growing at a remarkable rate."


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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.

www.thecarbuyinggroup.com

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