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Lex Autolease opens new multi-million pound remarketing site

The purpose-built site will house Lex Autolease’s national vehicle remarketing operations, processing more than 40,000 company cars that are returned to the company each year following the end of their leasing contracts.

Located on Foleshill Road, the 10-acre site includes a large car supermarket, offering more than 500 used cars for sale to the general public at any one time via the company’s “Car Select” retail brand. A comprehensive range of models will be offered, the majority of which are less than five years old, from manufacturers such as BMW, Audi, Ford, Vauxhall, Land Rover, Volvo and Honda.

Birmingham-headquartered Lex Autolease has made a substantial investment to equip the new site with the latest technology. Potential car buyers can use the 360 degree rotation and zoom facilities on the Car Select website to view their prospective purchase from every angle before visiting in person.

More than 150 employees will be based at the Coventry site following the relocation of the company’s existing vehicle remarketing operations in the West Midlands. In addition to this new Coventry facility, Lex Autolease will continue to operate its Car Select retail site in Oldbury.

Tim Porter, managing director of Lex Autolease, said: ‘The new remarketing site is a key part of our growth strategy and represents a significant investment for the business. As an end-to-end vehicle provider, remarketing plays a crucial role, particularly given the large volume of vehicles that are returned to us each year once their leasing agreement ends.  

‘The savings and efficiencies gained by moving to this new purpose built remarketing facility will ultimately help us offer better value for customers at the front end of the leasing process. We chose Coventry due to its convenient location and excellent transport links.

‘This new facility gives us the opportunity to offer quality, used vehicles to a wider section of potential customers across the West Midlands and beyond. Each week hundreds of cars are returned to us and each one is rigorously tested and inspected. Only the best ones will be sold on the Car Select site.’ 

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.