Cazoo
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Car Dealer News 8 FebCazoo merges share capital in bid to boost NYSE trading prices
Cazoo has completed a ‘reverse stock split’ process to merge its share capital in bid to boost trading values on the New York Stock Exchange (NYSE).
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Car Dealer News 19 JanCazoo plans UK site closures and job cuts after European exit
Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.
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Car Dealer News 4 JanNYSE suspends Cazoo warrants trading and begins de-listing process
The New York Stock Exchange (NYSE) has begun the process of de-listing warrants for online car retailer Cazoo as a result of “abnormally low” price levels.
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Supplier News 11 NovCazoo’s Neil Smith partners with Autofinity
Former Imperial Cars operations director and Cazoo retail operations director, Neil Smith has partnered with Autofinity.
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Acquisitions and deals 1 NovStellantis-owned Aramis Group snaps-ups Cazoo’s Italian car retail operations
The Stellantis-owned used car retail business Aramis Group has acquired Cazoo’s Italian operations as the online retailer continues its withdrawal from Europe to focus on cost savings and the UK market.
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Car Dealer News 27 Oct
Cazoo reports rising gross profit and record UK revenues from Q3
Cazoo, the online motor retailer, has reported UK revenues of £347m from Q3 trading, which is a 103% increase versus Q3 2021.
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News 15 SepImperial Cars trio accelerate Carsa growth with Bradford dealership opening
A trio of directors who previously helped drive Imperial Cars to rapid growth have accelerated the expansion of their Carsa used car retail business with the opening of a new showroom in Bradford.
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People News 13 SepOne Auto API appoints former Cazoo and Cazana data specialist Rupert Pontin
Automotive data integration specialist One Auto API has appointed former Cazoo and Cazana vehicle data expert Rupert Pontin as its new commercial director.
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Car Dealer News 8 Sep
Cazoo confirms retreat from European used car markets
Cazoo has confirmed that it will retreat from mainland Europe to focus on the UK used car market as part of cost-saving measures expected to deliver net savings of over £100m by end of 2023.
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Car Dealer News 2 Aug
NYSE warns Cazoo over share price as losses climb to £243m in H1 trading
Online car retailer Cazoo announced a £243 million loss from the first half of 2022, and Cazoo is breaching New York Stock Exchange rules which risk delisting.
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Supplier News 22 JulCazoo’s acquisition of Cazana left ‘gap in the market’, says Rupert Pontin
Cazoo’s acquisition of used car valuations data provider Cazana left a “gap in the market”, according to its former vice president of insight and analytics Rupert Pontin.
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Car Dealer News 22 Jun
Cazoo sets aside UK cutbacks to launch online used car retail in Italy
Cazoo has launched its online car retail offering in Italy in a move that completes its expansion into four countries in mainland Europe over the past six months.
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Car Dealer News 13 JunCazoo to shed 100 jobs with former SMH Fleet Solutions site closure
Cazoo will begin its UK jobs cuts with the closure of a vehicle preparation centre acquired from SMH Fleet Solutions in September last year.
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Car Dealer News 10 JunCazoo kicks-off marketing cuts with early end to Everton FC shirt sponsorship
Cazoo has kicked-off its plan to cut its marketing costs as part of its bid to save £200 million per year with the loss of its high-profile Premier League shirt sponsorship deal with Everton FC.
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Opinion 10 JunCazoo and Carzam issues suggest not all online car retail is created equal, opinion
It’s been a busy few weeks for headlines covering the demise of Carzam and a £200m cost reduction programme at Cazoo.
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Retailing 9 Jun
Have 'traditional' car retailers disrupted online operators like Cazoo and Carzam?
Has the online used car retail bubble burst or have the UK’s established car retailers’ disrupted disruptors like Cazoo and Carzam with their ability to evolve and adapt to cater for the digital car buyer?
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Car Dealer News 7 Jun
Jobs will go as online car dealer Cazoo acts to slash costs by £200m
The online car retailer Cazoo has revealed it wants to cut costs by £200 million by the end of 2023, which will include around 750 job cuts.
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Car Dealer News 12 May
Cazoo promises 'best car buying experience' as it launches in Spain
Cazoo has completed the launch of its online used car retail and vehicle subscription offering to the Spanish market, promising to offer “the best car buying experience to consumers”.
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Car Dealer News 6 MayCazoo admits it ‘may never achieve profitability’ in new report
Cazoo has said that it cannot guarantee it will “achieve profit at all” in a newly-published document detailing the potential risks and pitfalls of its online car retail and vehicle subcription model.
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Car Dealer News 3 May
Cazoo profits declined as used car sales and revenue accelerated in Q1
Cazoo has revealed that its gross profits and profit-per-unit both declined as its online used car sales soared to deliver record revenues in Q1 2022.
