Driver1 signs up with Cox Automotive
Cox Automotive has today announced a two-year contract with digital start-up, Driver1.
Driver1 is an innovative online business that provides cars for young drivers on flexible plans from just £96 a month. The vehicles are offered as part of an inclusive, hassle-free package that covers warranty, breakdown, MOT, and road tax.
The new deal will see Driver1 buy more than 1,200 vehicles per year, as well as utilising Manheim’s seller advance valuation services, offering trade-in cars through Manheim’s national auction centre network.
Driver1 will also take advantage of storage, smart repair and vehicle refurbishment, from Manheim Vehicle Solutions, with delivery and handover services from Manheim Inspection Services, and stock funding through NextGear Capital.
Tim Hammond, CEO of Driver1, said: “We’re excited to partner with Cox Automotive for our full wholesale to retail process.”
“Ours is the first product of its kind on the market, and we know that high quality of service at every stage is imperative to deliver on the customer experience we expect to offer through Driver1.”
Gerry Whittington, Head of Central Sales, Cox Automotive, added: “This is an exciting new partnership that really demonstrates how important it is for Cox Automotive to offer products and services across the full remarketing process.”
“Driver1 offers many firsts for the online car industry, offering younger drivers an all-inclusive monthly subscription model. We look forward to delivering a seamless end-to-end service, and are confident that this partnership will grow as the Driver1 business develops.”
