CAZOO ACQUIRES IMPERIAL CAR SUPERMARKET

Online only used car start up Cazoo has acquired Imperial Car Supermarkets, one of the largest independent used car retailers in the UK. Terms of the deal have not been disclosed.

Online retailer Cazoo buys bricks and mortar firm, Imperial
Imperial Car Supermarkets was established in 2006 and has grown to 18 retail sites across the UK including Bristol, Birmingham, Cardiff, Exeter, Ipswich, London, Portsmouth and Southampton, offering around 2,500 vwhicles and supported by a number of service and preparation  centres.

The deal, which combines Cazoo’s online platform with Imperial’s infrastructure, will accelerate the transformation of the UK used car market by providing the dot com retailer with a national network of storage, distribution, after sales and collection hubs.

Alex Chesterman OBE, Founder & CEO of Cazoo said:“The acquisition of Imperial Car Supermarkets will enable Cazoo to better serve its customers and fulfill our increasing number of deliveries throughout the UK. This deal provides us with key infrastructure as well as a wealth of automotive expertise which will help accelerate our growth. Imperial has a highly dedicated team and I am delighted to welcome them to Cazoo along with Mike, Jon and Scott, who will take up key management positions with us.”

Recently, Cazoo raised an extra £25m of funding, joining a list of startup companies known as ‘unicorns’ with valuations of over $1 billion.

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

VM DATA ACCESS THREAT KEY THEME OF IAAF CONFERENCE

The battle for BER renewal and the right to repair in face of VMs locking down systems on-board vehicles were a key theme of the IAAF Conference held on December 3. By necessity, the event […]

Read More

IGA DONATES £20k TO BEN

RMI’s independent garage body writes charity cheque

Read More

NISSAN TRADE CLUB CUTS PRICES BY AVERAGE OF 28 PERCENT

Prices down on ‘Value Advantage’ range to compete against aftermarket suppliers

Read More

63 PERCENT OF DEALERS PLAN TO HIRE MORE TECHNICIANS IN 2021

Retail industry bullish about 2021, in spite of huge cutbacks in 2020

Read More

ECP COLLECTS PENNIES FOR BEN

10K raised by offering to add 25 pence to till transactions in branches

Read More

Join the debate

1 Comment

Your email address will not be published. Required fields are marked *

  1. this has ‘disaster’ written all over it surely? One debt riddled company with a return on sales of less than 1%. Acquired by a recent start up with massive borrowings and spend, where high profile directors have just resigned.
    Good luck.