We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
Car subscription service Mycardirect has contributed to a 46% year-on-year increase in parent company AAM Group's sales.
Two years after Mycardirect was founded, it has also achieved profitability 18 months ahead of schedule.
Its contribution to the sales increase was alongside other AAM Group brands, Onwrd and BestCarFinder.
AAM Group chairman David Murray-Huntley said: "Mycardirect has done a great team job as part of the revenue increase for AAM Group this year. This is particularly pleasing in a time of challenging new vehicle supply issues and a cost-of-living crisis which is putting pressure on consumers and businesses.
"We continue to focus on costs, customer service and the customer journey. I am proud of the whole team, who, collectively, have put the group into profit.
"Our focus must be to remain cash positive at a time when all businesses are experiencing challenges in the current economic climate."
Mycardirect CEO Duncan Chumley said: "I am very proud of what has been achieved in turning a start-up company into a profitable business within 18 months.
"Mycardirect's car subscription product appeals to both retail and business customers and that goes to the heart of our success. The flexibility we offer gives individuals and companies the confidence and peace of mind to choose a vehicle, safe in the knowledge that if circumstances change, they can switch vehicles or reduce, extend or cancel the contract to suit.
"I am confident that this excellent proposition will herald further growth over the next two years."
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
