Pent up used car demand helps push Blue’s growth back to Pre-COVID levels

Blue continues to experience post pandemic growth with origination levels on track to get back to pre-COVID levels.

May 2021 saw our biggest month in terms of loans paid out since pre-COVID times and we seem to be hitting new milestones each day, each week and each month. We are certainly noticing, and benefiting, from an increase in pent up demand in the used car market which was severely impacted by the pandemic and for the sake of our dealer partners we are hopeful this trend continues.

As a technology, data and analytics led business, and despite the numerous lockdowns and restrictions, we have continued to refine and enhance our proposition to make the car buying journey simpler, better and faster for our partners and customers.

Blue is lucky to have a team of very capable, knowledgeable people that have helped the business to adapt in an unpredictable and volatile environment and despite the challenges we have been able to develop and implement significant initiatives that have improved our levels of automation, sped up our processes and response times and adapted to changes in consumer behaviour.

As a result of our continued growth and as we move into the next exciting phase of Blue, we are recruiting for roles across the business. It’s an exciting time for Blue and we are optimistic and looking forward to a bright future.