News Reviews Quizzes Lists
Login
My Garage
New hero

Jam Jar cars closes for new business

By Terry Hogan | September 10, 2009

Share

Why not leave a comment?

See all | Add a comment

Jam Jar cars, the UKs first major online car retailer, has closed its doors to new business.

Jam Jar cars closes for new business
More On This Car
Take one for a spin or order a brochure
Request a brochure
Request a test drive

Jam Jar cars, the UK’s first major online car retailer, has closed its doors to new business.

Consumers are increasingly using the internet to research and buy new cars, but are turning to aggregator sites where they can compare multiple cars of the same type rather than single sourced brokerages.

The Jam Jar brand was heavily promoted by the RBS at its launch in 2000, and became the largest online retailer of new cars in the UK. Initially, it focussed on direct to consumer car sales via a tie-in with Dixon Motor Holdings, an RBS owned car dealer group.

When RBS disposed of the loss making Dixon Motor Holdings business in 2007 by putting it into administration , the Jam Jar business changed to a finance brokerage.

Lombard Vehicle Management, the vehicle financing arm of the RBS, has taken a decision to focus on direct to end user business, and has ceased to use brokers. Jam Jar effectively operated as a brokerage and as such is not required to introduce new business any more.

The Royal Bank of Scotland, which owns LVM as well as Lombard Business Finance, said the decision to stop using brokers could result in up to 85 job losses. 

Find car finance

More On This Car
Take one for a spin or order a brochure
Request a brochure
Request a test drive

Related Articles

Petrol prices hit a record high
Petrol prices have hit a record 142.94p a litre, their highest level to date, as the cost of living continues to rise across the UK.
Oct 26, 2021
Warnings to motorists as keyless car theft rises with Range Rovers the most sought after
Here's how to stop thieves stealing your keyless car as cases rise sharply, criminals cash in and Range Rovers are targetted
Oct 26, 2021
DVLA bans rude ‘71’ registration plates
Revealed: the new, ‘71’, registration plates that are deemed to be controversial by the DVLA so they have been banned
Oct 19, 2021
Petrol prices close to record high
Petrol prices have almost reached the highest level ever recorded in the UK, according to Government figures.
Oct 19, 2021