Cazoo to end Subscription Service

Share Article:
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on tumblr
Share on whatsapp
Share on email
Cazoo Trucks

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.

More News to Follow

We will update this article should we have any further information.

Contents of Article

Latest Articles


Article Details

Post Published: June 7, 2022
Post Last Updated: June 8, 2022
Article Categories: