CAZOO SELLS 10,000th VEHICLE

Used car startup Cazoo has announced it is about to deliver it’s 10,000th vehicle after 50 weeks of trading.

CEO Alex Chesterman has announced that the lucky recipient of the milestone vehicle will receive it free of charge.

Alex Chesterman, Cazoo

Alex Chesterman OBE, Founder & CEO of Cazoo said, “We’ve had a strong first year and are proud to have delivered for so many customers this year, despite the many challenges. The way in which consumers have embraced Cazoo is testament to our great team and our vision to deliver the UK’s best car buying experience by putting the customer first and making it no different to buying any other product online today.”

READ: CAZOO ACQUIRES IMPERIAL CAR SUPERMARKET

A presentation to investors ahead of the launch of Cazoo last year was leaked to the market in February this year. The presentation predicted sales of 12,375 vehicle in the first year of trading, although given the surprises that 2020 had for the entire motor retail industry, it is perhaps little surprise that it didn’t quite achieve that number. Of more interest is the projection that 24,000 units will be shifted in year two and 46,500 the following year, rising to 217,000 used car transactions in year five – which is roughly double the volume sold by retail giant Marshall Motor Holdings

Despite being an online only retailer, Cazoo acquired Imperial Car Supermarkets, a physical used car chain with 18 retail sites, which Chesterman at the time said would ‘provide us with key infrastructure as well as a wealth of automotive expertise which will help accelerate our growth’.

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

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