Cazoo
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Car Dealer News 3 AugCazoo delivers £8m Q2 profit in UK ahead of expansion into France and Germany
Cazoo has reported an £8 million gross profit in Q2 after its online used car retail volumes surged by 429% a year on from the first COVID-19 lockdown period.
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Car Dealer News 14 JulCazoo Carlisle customer centre first of seven new network additions
Cazoo is poised to invest £1 million in a new used car handover customer centre in Carlisle - the first of seven new facilities.
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Used Cars 17 Jun
Used car stocking crisis? ‘control supply, control the market’
Franchised car retailers and their manufacturer partners have been warned that they are at risk of losing the battle for the used car market as emerging online disruptors assert dominance in stock acquisition.
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Car Dealer News 8 JunConstellation switches used car preparation centre focus from Cazoo to cinch
Constellation Automotive Group has switched the focus of its Corby used car preparation centre from Cazoo to its own cinch online retail offering – delivering a potential 30,000 cars per year.
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Car Dealer News 1 JunCar e-retailer Cazoo expands into new car offers including Tesla and Ford
Cazoo has begun targeting new car customers with an all-inclusive new car subscription service, marketing models from Fiat and Ford to Mercedes-Benz and Tesla.
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Used Cars 24 MayCarzam to launch online buying platform as used car values soar
Carzam is poised to launch an online used car buying platform as retailers seek solutions to the stock shortage issues that are causing vehicle values to soar.
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Latest News 21 May
Cinch attracts £1bn boost from investors eager to back online car retail
Cinch has attracted £1 billion in new investment to continue its push to online car retail growth alongside the likes of start-up rivals Cazoo and Carzam.
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People News 21 MayVeronica Sharma joins Cazoo as chief people officer
Cazoo has appointed Veronica Sharma as its first group chief people officer, responsible for all leadership, culture, capability and talent management across the group.
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Car Dealer News 17 May
Cazoo expands Customer Centre network with Doncaster car handover site
Cazoo is poised to expand its physical car handover Customer Centre network into Doncaster after securing an 18,000 square foot facility in one of the town’s key automotive retail locations.
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People News 4 MayCazoo names former Lib Dem MP Luciana Berger as latest board member addition
Former Liberal Democrat MP Luciana Berger will join the Cazoo board as non-executive director and Environment, Social, and Corporate Governance (ESG) Committee chair.
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Latest News 27 AprHendy Group and Vansdirect land BTCC sponsorships as Cazoo backs the St Leger Stakes
Hendy Group and Vertu Motors’ Vansdirect business will both sponsor British Touring Car Championships (BTCC) drivers in the 2021 season as Cazoo backs the St Leger Stakes in its latest deal.
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People News 26 AprCazoo appoints Barnado’s deputy chairperson Moni Mannings to board of directors
Cazoo has added Barnado’s deputy chairperson Moni Mannings to its board of directors as it continues to make preparations for its £5 billion public offering on the New York Stock Exchange.
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People News 20 AprCazoo appoints former Ocado, Fitness First and Virgin CFO in two board additions
Cazoo has appointed former Ocado chief financial officer Duncan Tatton-Brown and 23andMe founder and chief executive Anne Wojcicki to its board ahead of its £5bn public offering on the New York Stock Exchange.
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Market Insight 15 AprOnline car retail process could save sector over £950m a year, GForces claims
A shift from traditional showroom-based car sales to a wholly-online retail solution would cut dealers cost-per-sale by over 40% - saving the sector £9.5bn a year.
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Market Insight 9 Apr‘Cazoo effect’ and showroom reopenings cause car retail's PLCs to rally
Car retail’s impressive response to the COVID-19 pandemic, the impending reopening of car showrooms after ‘Lockdown 3’ and the “Cazoo effect” have triggered rallying share prices for the sector’s PLCs.
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Car Dealer News 7 AprMarshall and Cazoo announce further sports sponsorship deals
Marshall Motor Group have announced further sponsorships of darts players for the 2021 season, while Cazoo has become the main sponsor of The Derby Festival.
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Latest News 30 MarImportance of clicks over bricks drove ‘crazy’ Cazoo valuation, says Vanarama boss
The car retail sector’s growing reliance on clicks over bricks drove Cazoo’s “crazy” £5 billion market float valuation, according to Vanarama chief executive Andy Alderson.
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Car Dealer News 29 MarCazoo to be listed on New York Stock Exchange with £5bn valuation
Cazoo is set to be listed on the New York Stock Exchange following the signing of a definitive business combination agreement with US-based acquisition company AJAX.
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Latest News 11 MarCazoo, heycar and Vanarama embrace football's car retail marketing opportunity
Car buyers turning to televised sports during COVID-19 ‘Lockdown 3’ look set to continue to be a prime target for retailers, with Cazoo, heycar and Vanarama all securing new football-related marketing opportunities.
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Car Dealer News 8 MarCazoo launches new £1m used car Customer Centre in Leeds
Online car retailer Cazoo has launched a new £1 million Customer Centre in a former Infiniti car dealership in Holbeck, Leeds.
