Younger buyers driving the online used car market despite Cazoo collapse, reports iVendi

Research among younger buyers indicates that the used car market is increasingly shifting online, despite the recent collapse of Cazoo, according to iVendi.

Findings reveal that only 21% of buyers under 30 plan to purchase their next car at a dealership, compared to 23% of those aged 31-44 and 35% of those aged 45 and over.

The 'click and collect' method, where transactions are completed online and vehicles are picked up from the retailer, is the most popular choicev for 51% of respondents under 30, 47% of those aged 31-44, and 37% of those over 45.