On line and later on-site car dealer Cazoo collapsed with over £250M of debt just over 12 months ago and owed money to about 10,000 creditors, according to data at Companies House, Cardiff. The business was sold for £5M last year after filings showed it had been under financed and overstretched itself and was hit by the Covid-crisi and a change in market … [Read more...]
Cazoo headline sponsor of British Motor Show
The British Motor Show has announced Cazoo as the headline sponsor of this year’s event after it’s relaunch as a dedicated used car marketplace. The move sees Cazoo taking the Headline Sponsor role held by its MOTORS’ parent in 2024 along with sponsorship of The Cazoo Live Arena, which will once again be the centre of the show’s live action, hosting Live … [Read more...]
On-line car sales have limited appeal, trade believes
Limited potential for online-only motor sales was the top reason for the recent collapse of Cazoo, say dealers. Research from July’s Startline Used Car Tracker shows half of dealers surveyed said this was a problem, followed by 37% who said investors overestimated efficiencies that could be accessed through technology, and 35% that they failed to recognise … [Read more...]
Newslines 5 August
That final journey is now more sustainable than ever after Co-op Funeral Care started using an adapted Nissan Athena Electric Hearse in Scotland. Based on the LEAF floorpan the modified carriage is the first of a nationwide programme which will see more ev hearses and charging points fitted in funeral care centres where they are supported by a number of … [Read more...]
