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Cazoo losses

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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? 

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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.

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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.

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44 minutes ago, petrol head said:

The 3 month warranty is also a joke.

Why? Is it poor parts coverage?

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