Home Business NewsBusinessAutomotive News Cazoo generates revenues of over £150m in its first year

Cazoo generates revenues of over £150m in its first year

by LLB Finance Reporter
17th Nov 20 11:34 am

Cazoo, the UK’s leading online used car retailer, which makes buying a used car as simple and seamless as buying any other product online, has today reached the milestone of delivering its 10,000th car since its launch less than a year ago.

The 10,000th customer delivery comes just 2 weeks ahead of Cazoo celebrating its first anniversary since the launch on 2 December 2019. And the lucky customer who ordered this car is in for a big early Christmas surprise when their car is delivered to them later today and they discover it is on Cazoo.

Founded by serial entrepreneur Alex Chesterman, Cazoo has become one of the fastest growing UK businesses since its launch last year, growing to a team of over 800 people, setting records for funding, sponsoring two Premier League football teams and generating revenues of over £150m in its first year.

Cazoo is pioneering the shift to online car buying in the UK with consumers all around the country embracing the transparency and convenience of buying used cars entirely online. Cazoo owns and fully reconditions its cars before offering them for sale on its website with thousands of cars in stock at any time.

Cazoo offers consumers the choice of booking either a convenient two-hour home delivery time slot or collection from one of their 10 Customer Centres across the country within as little as 72 hours from order. Every Cazoo car comes with a full 7-day money back guarantee and a comprehensive 90-day warranty.

Alex Chesterman OBE, Founder & CEO of Cazoo said, “We’ve had a strong first year and are proud to have delivered for so many customers this year, despite the many challenges. The way in which consumers have embraced Cazoo is testament to our great team and our vision to deliver the UK’s best car buying experience by putting the customer first and making it no different to buying any other product online today.”

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