Rbs 1 Posted October 2, 2021 Cazoo business plan was to loose £70m in first 3 years of trading, latest results show £102m loss in 1st 6 months of 2021. Majority of dealer groups showed good rise in profits for last years trading with some up over 40%. Is this Good news for traditional car dealers? Anyone think this will give new players like cinch a wake up call? Share this post Link to post Share on other sites
Halfpenny 114 Posted October 4, 2021 Its all about grabbing market share with these companies. Cazoo is backed by a billionaire (Alex Chesterman) and the Daily Mail (22%). They don't mind big losses for a few years if they can squeeze out the competition. Share this post Link to post Share on other sites
petrol head 46 Posted October 4, 2021 I think their business model is wrong, I posted on another forum, not motor trade, and 84% said they wouldn't buy a car without seeing it. The 3 month warranty is also a joke. Ultimately they offer nothing new and nothing a conventional dealer doesn't offer. Share this post Link to post Share on other sites
BHM 994 Posted October 4, 2021 44 minutes ago, petrol head said: The 3 month warranty is also a joke. Why? Is it poor parts coverage? Share this post Link to post Share on other sites
David Horgan 564 Posted October 5, 2021 Cazoo prices have risen above the new levels , probably trying to make a few quid Share this post Link to post Share on other sites
petrol head 46 Posted December 4, 2021 So with the proposed take over of Marchalls, who have 169 Franchised Dealers, the valuation is less than 1/2 of Cazoo? Has the world gone mad! Share this post Link to post Share on other sites
MarkTVS 209 Posted December 4, 2021 On 10/4/2021 at 5:20 PM, BHM said: Why? Is it poor parts coverage? I beg to differ tbh, I bought a car from them, found it to be delivered exactly when they said it would. Came as described with an Rac warranty. Can’t fault them tbh. I retailed the car I bought from them as it was cheap 1 Share this post Link to post Share on other sites
