bluethrunthru
Well-Known Member
Villa and Everton - their shirts for this season will be their City - First Advice - shirt. Collectable for all the wrong reasons
Cazoo
- Thread starter bluethrunthru
- Start date
Alan Harper's Tash
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- 12 Dec 2010
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- 60,048
Turns out that, Cazoo, no you can’t.
charlie smudgeboots
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- Joined
- 28 Dec 2008
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- 215
Viscount Lord Rothermere (daily mail owner) an ex board member. What could possibly go wrong
Bluemoon dan
Well-Known Member
Sponsored the World Snooker that only finished at the weekend too, so they were still splashing the cash on that sort of promotion right to the very end
Northerndave
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- 5 Jan 2020
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- 1,806
- Team supported
- Manchester City
Went past the Cazoo in Stretford on the Matchday bus and the place was empty, all cars gone and showroom closed.
Cazoo you can't
bluethrunthru
Well-Known Member
and its gone
Cazoo: What went wrong for the online used car retailer?
As Cazoo enters administration, we look at the rise and fall of the online used car retailer.
www.bbc.co.uk
Rammy Blue
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- Joined
- 23 May 2008
- Messages
- 30,606
$7billion to $30million valuation in less than 3 years.
Impressive.
Impressive.
RadcliffeRick
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- 27 Oct 2011
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- Kuala Lumpur Via Radcliffe
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- Manchester City since 2008 Chelsea before that :-)
Sounds like Trafford red Sox:-)
P
P
PPT
Guest
Their business model was to try and build a brand before they had built a business that could become a brand.
They literally pissed money all over the place in sponsorship's in an effort to gain brand recognition.
They also attempted to work on wafer thin profit margins. £400 profit per vehicle was their objective. The problem they had, is that with like a lot of things purchased on line, was the level of returns. It was sky high. So the cost of picking up the rejected vehicles and returning them, simply killed any level of profitability, they were making.
The guaranteed 7 day returns period is the problem. If you buy a car from a dealer and the you think the seats are bit uncomfy or whatever, you just crack on, knowing you will eventually get used to it. With this business model, after 2 or 3 days, you just email them and tell them to come and pick it up, and that's what happened. The IPO was also a sham, totally front end loaded, so the initial investors make a killing, and the future shareholders take the loss.
They literally pissed money all over the place in sponsorship's in an effort to gain brand recognition.
They also attempted to work on wafer thin profit margins. £400 profit per vehicle was their objective. The problem they had, is that with like a lot of things purchased on line, was the level of returns. It was sky high. So the cost of picking up the rejected vehicles and returning them, simply killed any level of profitability, they were making.
The guaranteed 7 day returns period is the problem. If you buy a car from a dealer and the you think the seats are bit uncomfy or whatever, you just crack on, knowing you will eventually get used to it. With this business model, after 2 or 3 days, you just email them and tell them to come and pick it up, and that's what happened. The IPO was also a sham, totally front end loaded, so the initial investors make a killing, and the future shareholders take the loss.
Stockton Heath Blue
Well-Known Member
I got a cracking deal when buying my lad’s car last year. The buying process was pretty slick. Shame.