Author: Tom Sharpe
Former news and features editor (left May 2023)
Articles by Tom Sharpe
Cazoo restructure ‘starting to bear fruit’ in Q1 financial results
Used car retailer Cazoo reported a 690% year-on-year growth of gross profit per unit and overall gross profits up 367% to £14 million in Q1 as its CEO asserted that its sweeping restructure was starting to “bear fruit”.
Car dealer news
27 Apr
Inchcape’s Q1 car retail revenues 'adversely impacted' by agency model shift
Inchcape chief executive Duncan Tait said that the automotive distribution and car retail PLC had made an “excellent start to 2023”, despite the adverse effects of certain OEMs’ shift to a direct-to-consumer agency model.
Car dealer news
27 Apr