Mycardirect is aiming to double its turnover in 2023 as it aims to pick up subscribers from Cazoo and consumers worried about uncertainty
Online car retailer Cazoo has stopped trading its subscription business as it tries to conserve cash amid cutbacks and difficult trading conditions.
CAZOO has completed the purchase of SMH Fleet Solutions in a deal worth around £70 million. The acquisition is the latest to be completed in a considerable expansion drive from the online car retail specialist, which includes a new subscription service for new cars. Doubling Cazoo’s logistics division with the addition of 11 new sites, the deal looks set to dramatically expand…
THE online used car retailer, Cazoo, has bought car subscription service provider Drover. Cazoo said it had planned to launch its own subscription service late in 2021 but said the acquisition will accelerate its plans in the fast-growing Cars-as-a-Service (CaaS) market. Drover offers users a single monthly payment to include car, maintenance, service, tax and breakdown cover. It also the white lable…
NEW start-up Cazoo, which offers used cars delivered to your door via an online platform, has bought Imperial Car Supermarket. The sum was undisclosed. Imperial is one of the largest independent used car retailers with 18 locations across the UK. Cazoo said the acquisition would provides a national network of storage, distribution, after sales and collection hubs, while also creating a combined…