GROWTH in ‘Amazon-style’ online used car sales, delivered to your door, is hotting up
Cazoo has been ranked at number 13 on the Startups 100 2019 list, despite not having even launched yet. The man behind it is Alex Chesterman, who previously founded LoveFilm and Zoopla.
Chesterman has already secured over £30 million of funding and has been busy assembling a team ahead of its planned launch.
Cazoo aims to make buying a used car no different to buying any other product online today by letting consumers select from thousands of cars online and have it delivered to their door in as little as 48 hours.
Rival Driver 1, which launched at the beginning of this month, operates like a giant online car vending machine, according to founder Hammond, with access to over 10,000 cars and, like Amazon Prime, delivery is free.
“We’ve created Driver 1 to be as easy as Amazon Prime. A huge stock available for just-in-time online ordering, free home delivery and a money-back guarantee.”
Cazoo, based in Euston, London is aimed at a much wider customer base and a greater number of vehicles avialable, although premise is similar – order online, home delivery within 48 hours and money back if you don’t like it.
The start-up has also signed a number of commercial partnership agreements for its vehicle logistics, refurbishment and disposal requirements with BCA.
As part of the agreements, cars purchased by Cazoo will be refurbished at various BCA-owned locations, with UK-wide logistics support provided by BCA Automotive.
In addition, BCA will provide part exchange disposal services for Cazoo using its Consumer Appraisal and DealerPro product set, as well as its market-leading imagery solutions from AutosOnShow.
Cazoo secured £30 million of funding late last year, making it one of the UK’s best-funded start-ups and has already begun purchasing cars that are currently being refurbished and stored by BCA as an inventory is built up ahead of launch later this year.