More than 40 jobs are under threat in the Black Country after Lloyds Bank announced plans to close its car retailing operations in the West Midlands.
Called Lex Autolease, the company remarkets and sells fleet vehicles as well as offers fleet consultancy services.
The move comes as the company moves to concentrate on its car leasing rather than retailing operations.
A total of 98 jobs are at risk of redundancy, with 45 under threat in Oldbury and a further 53 in Coventry - almost two years after the firm launched its purpose-built site in the city to house its national vehicle remarketing operations.
It was created in June 2014 to enable the firm to process more than 40,000 company cars returned each year - more than double the previous volume.
The ten-acre site also houses a CarSelect 'supermarket' selling around 500 used cars.
It is thought 34 of the roles in Coventry are to be transferred to British Car Auctions.
A spokesman for Lex Autolease said: "We have taken the decision to close our retail sites in Coventry and Oldbury and to outsource the remaining elements of our vehicle remarketing operation within Lex Autolease to British Car Auctions.
"This follows extensive work to consider future options for our vehicle remarketing activities and supports our strategic aim to focus on growing our vehicle leasing business."
Lex Autolease was created in 2009 following the merger of HBOS-owned Lex Vehicle Leasing with Lloyds TSB Autolease.
The CarSelect website has announced it will close, along with the retail outlets in Coventry and Oldbury, on May 20.
