Currently reading: Cazoo considers shutting European businesses to save cash

Online used-car retailer could pull out of some markets following £243 million loss in first half of 2022

Online used car retailer Cazoo is reviewing its fledgling mainland European businesses and could pull out of some markets as it struggles to control its spending in a poor investor environment.

The British company’s push into Europe was a big part of its aggressive plan to dominate the digital side of used car sales, and it was still announcing new market entires as late as this June.

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xxxx 3 August 2022

I'll never understand why anyone would spend 15k on a secondhand car unseen.