Alex Chesterman OBE, Founder & CEO
Alex is one of Europe’s leading digital entrepreneurs and has spent the last twenty years applying data and technology to improve consumer experiences.
Table of Contents
Who is cinch owned by?
cinch is part of the Constellation Automotive Group, along with WeBuyAnyCar.com and BCA. The group operates a market-leading business across the UK and Europe.
Is Cazoo in Australia?
While it sounds like a sneeze, Cazoo is in fact a UK based online car buying and selling platform which takes the concept of home delivery to a whole new level. This is the first of three DP World Tour tournaments the company has attached their name to with Wales and France next up on the venue list.
Is Cazoo losing money?
The business, which brands itself as making ‘buying and selling a car as simple as ordering any other product online’, shouldered a £243m loss for the six months ended June 30, 2022.
Is Cinch losing money?
Pandemic write-down leads to multi-million-pound loss at Cinch parent company. The owner of BCA, Cinch and WeBuyAnyCar made a post-tax loss of £368.5m in 2019/20 mainly because of a write-down of Covid-related goodwill, according to latest figures.
Do Cazoo sell written off cars?
According to The Sunday Times, Buckley approached Cazoo about the 1 Series and was told: ‘We don’t sell any vehicles that have been in any accidents.
Are Cazoo cars really reconditioned?
Every used Cazoo car is thoroughly inspected and fully reconditioned, so you can be completely confident about its condition and safety.
Can I haggle with Cazoo?
Can I negotiate the price of Cazoo cars? There’s no need. We offer a transparent and haggle-free experience. The prices listed for each car are our best prices and are as competitive as possible.
Do Cinch sell written off cars?
Rest assured, we’ll never sell a car that’s been officially categorised as a write off – i.e. CAT N D. Every car is thoroughly checked before it goes up for sale.
How many cars have Cazoo sold?
Rest assured, we’ll never sell a car that’s been officially categorised as a write off – i.e. CAT N D. Every car is thoroughly checked before it goes up for sale.
Where do Cinch get cars from?
Based upon that business model, Cinch Cars put their customers at the forefront of every aspect of their operations. They stock thousands of cars from all over the UK, all of which are less than seven years old and have fewer than 70,000 miles on the clock.
Who is the money behind Cazoo?
Alexander Edward Chesterman OBE (born 9 January 1970) is a British internet entrepreneur, co-founder of ScreenSelect, which would later become part of online film distributor LoveFilm, and is the founder and CEO of online used car platform Cazoo.
What do Cazoo do with older cars?
We rate Cazoo highly. Rather than listing used cars owned by franchised dealers, the site essentially buys up its own stock of about 1500 cars (give or take) and sells them on through its website. It’s a little bit like Amazon for cars.
Can Cazoo ask for money back?
If You have, we have discretion whether to allow the 7-Day Money Back Guarantee or not and Cazoo may reject Your Vehicle return. If You have paid for the Vehicle by entering into a third-party finance agreement You will also need to tell the finance provider that You wish to withdraw from Your finance agreement.
Why is Cazoo in trouble?
Earlier this month Cazoo announced 750 job cuts and a rapid retreat from the new car leasing business. This is despite investing £24m in the sector only seven months ago, with the purchase of Spain’s Swipcar. The company blamed a gloomy economic outlook and high inflation eating into its customers’ disposable incomes.
How much do Cazoo make on a car?
Cazoo said it has made “significant improvement in UK Retail GPU, up £656 YoY to £427 per vehicle in FY 2021” during 2021.
Will Cazoo ever make money?
“While we believe we will become profitable in the future, these investments may not achieve the anticipated results and as such we cannot guarantee we will become profitable, achieve the levels of profit anticipated or achieve profit at all.”
Will Cazoo go bust?
The company will make redundant all of its employees in France, Germany, Italy and Spain as it closes the operations, leaving it operating in only the UK as it tries to preserve cash. It is the second time in 2022 that Cazoo has cut 750 jobs, after announcing redundancies in the UK in June.
References:
- https://www.cazoo.co.uk/about-us/
- https://en.wikipedia.org/wiki/Cazoo
- https://www.cinch.co.uk/about-us
- https://www.golfaustralia.com.au/news/the-preview-cazoo-classic-582877
- https://cardealermagazine.co.uk/publish/cazoo-losses-more-than-double-in-first-half-of-2022-to-243m/269280
- https://cardealermagazine.co.uk/publish/pandemic-write-down-leads-to-multi-million-pound-loss-at-cinch-parent-company/220816
- https://cardealermagazine.co.uk/publish/cazoo-and-cargiant-sold-written-off-used-cars-to-unsuspecting-buyers/269936
- https://www.cazoo.co.uk/car-quality/
- https://www.cazoo.co.uk/how-it-works/buying-a-car/
- https://www.cinch.co.uk/support
- https://investors.cazoo.co.uk/news-events/press-releases/detail/32/cazoo-announces-fourth-quarter-and-full-year-2021-financial
- https://www.mycarcredit.co.uk/who-are-cinch-cars-should-i-buy-car-from-them/
- https://en.wikipedia.org/wiki/Alex_Chesterman
- https://www.honestjohn.co.uk/what-is-cazoo-and-why-should-you-use-it/
- https://www.cazoo.co.uk/purchase-terms-and-conditions/
- https://www.cityam.com/new-shareholders-set-to-cash-out-as-troubled-car-dealer-cazoo-braces-for-another-tough-week/
- https://www.am-online.com/news/dealer-news/2022/04/07/cazoo-targets-15bn-in-used-car-revenue-target-despite-550m-loss-in-2021
- https://www.am-online.com/news/dealer-news/2022/05/06/cazoo-admits-it-may-never-achieve-profitability-in-new-report
- https://www.theguardian.com/business/2022/sep/08/cazoo-to-abandon-its-business-operations-in-europe-and-cut-750-jobs
