RE: Article22 Apr 2021 17:39
It's quite astonishing. The article shows at least 6 online-first car dealers with *proven* multi-billion-dollar valuations from at least 4 countries, where global investors are (literally) pouring in tens of billions to become the next "Amazon of cars". They are shovelling in cash. It is happening, before our very eyes... And, still, British "investors" cannot help but moan, sneer, and pretend it's not happening! UK is always getting left behind by richer countries.
Said it below already, but the online race for UK and European car sales is now underway. Car showrooms are the past. Online websites are the future. And the online future is one where the "winner takes all". The prize is huge. Think Asos, Uber, Amazon, etc. LOOK and PDG have quietly become serious online retailers during lockdown. Their assets are now worth billions (see above). Time for a rerate ;-)