London automotive retailer to create new jobs as it doubles in size

A London automotive retailer has announced that it is set to create new jobs and double in size before the end of the year.

Auto Coin Cars, an automotive sales platform, will see more than 10 positions created in response to a “surge” in demand.

The company has increased the number of cars available on their platform by 40 percent, while crypto sales in the past month alone have increased by 65 percent.

The increase in demand comes despite new figures from the Society of Motor Manufacturing and Traders (SMMT) which reveal new car registrations have fallen by 4.4 per cent across the UK due to the impact of coronavirus.

Luke Willmott, operations director of Auto Coin Cars, commented: “Due to a boom in cryptocurrency adoption across the UK we are expanding our team to ensure we can continue to provide for our customers in the challenging times Covid-19 has created.

“An increasing number of consumers are looking for ways to spend their digital assets and we expect a further boom in virtual currency spending post Brexit.

“We would not be in this position if we were not constantly innovating and pioneering blockchain technology adoption at an industry level.

“We are looking to hire for a number of roles across management, compliance, sales and anti-money laundering.

“We feel very fortunate to be growing during a time where the car sales industry is shrinking. With an expanded team, we are better positioned to promote automotive trading using blockchain technologies at this crucial time for the industry.”