Cazoo's brand and marketplace business are on the verge of being sold for a fraction of what the company invested in high-profile sports sponsorships, according to Sky News.
Administrators for the British online car retailer Cazoo, once valued at over £5 billion, are reported to be close to finalising a deal to sell its marketplace division, and the Motors used car platform is understood to be the leading contender.
Motors was first rumoured to be in talks with Cazoo last month.
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Spotlight on the customer
In this issue:
What consumers really want - trends and habits dealers must understand to provide the right buying experience
Barriers to EV purchase - many private motorists need extra help before they take the plunge
Delighting used car buyers - it's essential for retailers to offer tailored experiences and great value
Aftersales customer care - valuable interactions are vital as dealerships face fishing in a diminishing pool
A customer-first future - Steve Young, ICDP MD, gives AM an exclusive insight.
Read nowAuthor:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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