Cazoo to end Subscription Service

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Cazoo delivering a red Mini

As part of a major cost-cutting strategy to save £200m, Cazoo will be pulling its car subscription service to new subscribers from the end of June 2022.

Cazoo has reported, “over £90m of cash tied up in subscription inventory that will reduce to zero over time as existing subscription cars come back to us and become retail vehicles, increasing our cash balance significantly.”

Concentrating on Used Car Business

Cazoo are focused on concentrating on their used car business, which they believe should be the main focus of their business, in turn, they will also see their workforce cut by 15 percent.

Cazoo acquired the Drover Car Subscription company in December 2020, founded by Felix Leuschner. At the time of acquisition, it was hoped that utilising the Drover platform, Cazoo could expand into the car subscription business.

All of the measures announced by Alex Chesterman are to help secure the firm’s growth in the future.

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Patty Atindehou

Patty is the content writer for Car-Subscriptions.co.uk and loves her cars and the automotive industry in general. She worked for large dealer groups in the United Kingdom and the USA specialising in high-end and premium vehicles. Her goal is to provide the most interesting information on the vehicle subscription industry.

Article Details

Post Published: June 7, 2022
Post Last Updated: November 15, 2023
Article Categories: , ,
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