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Administrators close to Cazoo deal
- 11/06/2024
- Posted by: Alan Feldberg
- Category: News
It has been reported that used car platform Motors.co.uk could be close to acquiring the marketplace division of Cazoo from its administrators. Cazoo plunged into administration last year and administrators Teneo have already offloaded a number of its divisions, including its wholesale arm to G3. Cazoo was set [...] -
Cazoo acquired by G3 Vehicle Auctions – expansion planned
- 24/05/2024
- Posted by: Bob Malkowski
- Category: News
G3 Vehicle Auctions has acquired the Cazoo Wholesale business, following Cazoo's entry into administration on 21 May. As part of its ongoing expansion plans, G3 Vehicle Auctions will create a new G3 Bedford auction facility. G3 moved quickly in securing the Cazoo business, only days after Cazoo entered [...] -
Cazoo publishes first quarter results
- 28/04/2023
- Posted by: Alan Feldberg
- Category: News
Independent online car retailer Cazoo has healthy first quarter results for 2023, with 18,679 vehicles sold and revenues of £247m. This represents a decrease of seven per cent and 11% respectively on 2022. Paul Whitehead, chief executive officer, said: “I am very pleased with our performance in the first [...] -
Cazoo reaches 100,000 milestone
- 02/11/2022
- Posted by: Alan Feldberg
- Category: News
Online car retailer Cazoo has reached the significant milestone of selling its 100,000th car since its launch in 2019. Cazoo owns and fully reconditions its cars before offering them online for either home delivery or collection in as little as 72 hours. And it will buy any car directly from consumers, offering a [...] -
Cazoo announces Italian expansion
- 23/06/2022
- Posted by: Alan Feldberg
- Category: News
Online car retailer Cazoo has announced that it has launched in Italy. The company owns and reconditions its cars before delivering them to customers in just a few days, offering customers a full seven-day money back guarantee as well as a 12-month warranty. Alex Chesterman, founder and CEO of Cazoo said: “We [...] -
Cazoo secures £465m additional funding
- 14/02/2022
- Posted by: Alan Feldberg
- Category: News
Online car retailer Cazoo has raised $630m (£465m) in additional capital through a shares transaction. The transaction is led by new investor Viking Global Investors, alongside participation from several existing shareholders including Mubadala Investment Company, D1 Capital and Willoughby Capital as well as other [...] -
Cazoo completes Italian job
- 28/01/2022
- Posted by: Alan Feldberg
- Category: News
Cazoo has announced that it has agreed to acquire brumbrum, Italy’s leading digital car retailer and subscription platform for €80m in a mix of cash and shares. Following its recent launches in France and Germany and its acquisitions in Spain and Italy, Cazoo will now have a strong presence across each of the [...] -
Cazoo Data Services launches new service plan
- 17/12/2021
- Posted by: Alan Feldberg
- Category: News
Cazoo has partnered with WhoCanFixMyCar.com to launch two- and three-year CazooCare servicing and MOT plans for its UK customers at point of purchase. A CazooCare service plan provides cover for the costs of future service for two or three years following a one-off, upfront payment. All plans will receive [...] -
GT Motive and Cazoo Data Services agree partnership
- 15/12/2021
- Posted by: Alan Feldberg
- Category: News
GT Motive has partnered with Cazoo Data Services to provide users with free access to ombudsman approved total loss valuations. GT Global is a platform created by GT Motive to connect insurers, repairers, and accident management businesses and to provide data needed for the management of motor claims. GT Motive [...] -
Cazoo continues European expansion
- 03/12/2021
- Posted by: Alan Feldberg
- Category: News
Cazoo has now launched its service in both France and Germany. It now intends to grow its inventory to thousands of cars as it expands across Europe over the coming months as well as adding many new features to its EU proposition including buying cars directly from consumers, fully digital car financing and [...]
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