ECD Automotive Design partners with One Drivers Club to open a luxury retail showroom in West Palm Beach.
Quiver AI Summary
ECD Automotive Design, Inc. has announced the opening of its first retail location in partnership with One Drivers Club in West Palm Beach, Florida. This collaboration will feature a 4,800-square-foot space serving as a showroom, clubhouse, and design center where clients can personalize vehicles from ECD's lineup, including Land Rover Defenders and Jaguar E-Types. The partnership aims to enhance the customer experience by providing an immersive environment for luxury car restoration. ECD's founder, Tom Humble, emphasized the importance of this move for elevating the sales experience and delivering concierge-level service, while One Drivers Club's CEO, John Belniak, noted that this relationship enriches their Members’ experience in vehicle collection management. The showroom will not only showcase ECD's design services but also display One Drivers Club's vehicle collection, fostering potential collaborative events and programs.
Potential Positives
- ECD Automotive Design is expanding its market presence by establishing its first retail location in collaboration with One Drivers Club, enhancing brand visibility and accessibility to luxury automotive enthusiasts.
- The partnership provides a unique and immersive experience for customers, allowing them to personalize custom builds and engage directly with ECD's design process, which aligns with ECD's commitment to exceptional customer service.
- This strategic collaboration positions ECD within a high-traffic luxury automotive destination, potentially attracting a new clientele of discerning car collectors and enhancing sales opportunities.
- The shared showroom concept allows for a blending of resources and services, fostering deeper engagement between ECD and One Drivers Club’s members, which could lead to joint events and broadened market reach.
Potential Negatives
- The press release highlights ECD's first retail presence, indicating the company has not had a physical location previously, which may suggest a lack of established market presence or brand recognition compared to competitors.
- The collaboration with One Drivers Club could signal that ECD is relying on partnerships to grow its market reach, which may raise concerns about its independence and ability to attract customers on its own.
- Establishing a physical showroom entails significant operational and overhead costs, which could impact the company's financial stability if the expected customer engagement and sales do not materialize.
FAQ
What is ECD Automotive Design's new retail location?
ECD Automotive Design has opened its first retail presence at One Drivers Club in West Palm Beach, Florida.
What vehicles does ECD restore and sell?
ECD specializes in restoring and modifying Land Rover Defenders, Jaguar E-Types, Ford Mustangs, and Toyota FJs.
How does the partnership with One Drivers Club benefit ECD?
This collaboration allows ECD to connect with a community of car collectors and showcase custom builds in a luxury setting.
What services are offered at the new ECD showroom?
The showroom offers customization options for ECD vehicles and hosts a curated display of One Drivers Club’s vehicle collection.
Who founded ECD Automotive Design?
ECD Automotive Design was founded in 2013 by three British automotive enthusiasts passionate about classic vehicles and luxury restorations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ECDA Hedge Fund Activity
We have seen 4 institutional investors add shares of $ECDA stock to their portfolio, and 11 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOOTHBAY FUND MANAGEMENT, LLC removed 80,390 shares (-100.0%) from their portfolio in Q2 2024
- YAKIRA CAPITAL MANAGEMENT, INC. removed 74,886 shares (-100.0%) from their portfolio in Q2 2024
- ATLAS MERCHANT CAPITAL LLC removed 43,750 shares (-100.0%) from their portfolio in Q2 2024
- CONTEXT CAPITAL MANAGEMENT, LLC removed 41,875 shares (-100.0%) from their portfolio in Q2 2024
- XTX TOPCO LTD added 16,825 shares (+inf%) to their portfolio in Q3 2024
- FOUNDERS FINANCIAL SECURITIES LLC added 13,000 shares (+86.7%) to their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC added 10,800 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
KISSIMMEE, Fla., Dec. 03, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (Nasdaq: ECDA), (“ECD” or the “Company”), an industry leader in building and selling restored, modified and electrified Land Rover Defenders, Jaguar E-Types, Ford Mustangs, and Toyota FJs is set to debut its first retail presence through a strategic relationship with One Drivers Club in West Palm Beach. This strategic collaboration positions ECD as a new, prestigious retailer at One Drivers Club’s luxury automotive destination, marking a significant expansion for ECD into retail and physical experiences for both companies.
The 4,800-square-foot space near “Billionaire’s Row” will serve as both a shared clubhouse, sales showroom and an immersive design center. This showroom will allow ECD clients to personalize custom builds across ECD’s lineup—from Land Rover Defenders and Jaguar E-Types to Mustangs and Toyota FJs. The strategic relationship leverages One Drivers Club's high-traffic location and robust national membership, providing ECD an introduction to a discerning community of car collectors and enthusiasts.
Tom Humble, Founder and Chief Experience Officer at ECD, comments, “This collaboration with One Drivers Club is a milestone for ECD. By establishing our first physical location, we’re elevating our sales experience, offering clients the chance to engage hands-on with our bespoke design process. This move aligns with our commitment to an end-to-end, concierge-level service that takes luxury car restoration to the next level.”
“Welcoming ECD as a front-of-house retailer at One Drivers Club is an exciting step in elevating our Members’ experience. ECD’s prestigious reputation and unparalleled design expertise perfectly complements our commitment to a seamless, end-to-end driving experience,” adds John Belniak, CEO, One Drivers Club. “Our Members now have access to additional resources for collection management and an exceptional design showroom to explore their next custom build.”
In addition to showcasing ECD’s custom design services, the shared showroom will host a curated display of One Drivers Club’s vehicle collection, blending ECD’s design-forward approach with One Drivers Club’s dedication to superior collection management. The collaboration opens up the potential for joint events and programs that deepen engagement and expand services for One Drivers Club’s Members and new ECD clients, locally and nationwide.
About ECD Automotive Design
ECD, a public company trading under the symbol ECDA on the Nasdaq Stock Market, is a creator of restored luxury vehicles that combines classic English beauty with modern performance. Currently, ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic, the Jaguar E-Type and we have recently added the Ford Mustang and Toyota FJs. Each vehicle produced by ECD is fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in 2,200 hours by master-certified Automotive Service Excellence ("ASE") craftsmen. The company was founded in 2013 by three British “gear heads” whose passion for classic vehicles is the driving force behind exceptionally high standards for quality, custom luxury vehicles. ECD’s global headquarters, known as the "Rover Dome," is a 100,000-square-foot facility located in Kissimmee, Florida that is home to 90 talented craftsmen and technicians, who hold a combined 61 ASE and five master level certifications. ECD has an affiliated logistics center in the U.K. where its seven employees work to source and transport 25-year-old work vehicles back to the U.S. for restoration.
About One Driver’s Club
One Drivers Club is the premier destination for automotive enthusiasts who view their vehicles as not just machines, but drivers of their lifestyles. With facilities located in Bedford, NY, Chicago, IL, Palm Beach, FL, and Seattle WA, One Drivers Club redefines luxury car care through unparalleled concierge storage and full-service collection management. Beyond exceptional car care, One Drivers Club is a community—a place where like-minded drivers connect over shared passions and Members celebrate the art and prestige of driving, collecting, and owning remarkable vehicles..
For more information on ECD Automotive Design, Inc., visit www.ecdautodesign.com.
Investor Contact:
Brian M. Prenoveau, CFA
MZ Group – MZ North America
[email protected]
For more information on One Drivers Club visit www.onedriversclub.com.
Contact:
John Belniak
[email protected]
One Drivers Club
+1.914.356.7689