Used car prices rise in April for first time this year, reports Cazoo Market View
Used car prices strengthened in April as stock levels and days to sell remained stable, according to the latest Cazoo Market View. Average prices increased for the first time this year rising 0.8% (£149) to £17,696, a year-on-year (YoY) increase of 1%. The upward movement was driven mostly by a 3.5% price increase for cars […]
Motors to rebrand advertising business as Cazoo, consolidating on a single platform
Motors is rebranding its advertising business as Cazoo on 27 May and will close its website later this year, following the transition of any remaining traffic to Cazoo. The consolidation to a single platform is underway with a phased migration to maintain traffic and protect lead volumes. The Cazoo brand was acquired by Motors in […]
Cazoo launches UK’s first ChatGPT app for car searches
Cazoo, the used car marketplace, has launched the UK’s first ChatGPT app for car searches. The app was developed by Cazoo’s in-house team to provide a conversational AI search tool to replace traditional search filters. Buyers can use the app within ChatGPT to specify their vehicle requirements (eg family-size car, five-doors, under £15,000, within a […]
44% of non-EV owners will consider switching to electric if pump prices breach £2.00 per litre, finds Cazoo & Motors research
Rising fuel costs could prompt over two in five non-EV car owners to consider switching to electric vehicles (EVs), according to research by Cazoo & Motors. The latest Consumer Insight Panel, which polled the views of 2,008 car buying decision makers, found 44% of non-EV owners will seriously consider electric alternatives if fuel prices hit […]
Middle East war impacting purchasing decisions for some car buyers, finds Cazoo & Motors consumer survey
The war in the Middle East is having a direct impact on car purchasing decisions, with some buyers citing it as a reason to delay their next purchase, according to Cazoo & Motors research. The latest Consumer Insight Panel survey was conducted in March, three weeks after hostilities started, and polled the views of 2,008 […]
Strong used car demand in March boosts first quarter sales for dealers, reports Cazoo & MOTORS Market View
March was a strong month for used car sales as days to sell improved and prices continued to dip, according to Cazoo & MOTORS’ Market View. Car supermarkets sold 24% more stock month-on-month (MoM) and 25% more year-on-year (YoY), while franchised dealers were up 17% MoM and 7% YoY. Independent sales rose 7% MoM, although […]
Prices rise for older used cars in February as buyers focus on affordability, reports MOTORS & Cazoo Market View
Used car prices remained stable in February, as days to sell improved and dealer stock levels reduced, according to the latest MOTORS & Cazoo Market View. The average price of used cars sold by dealers was £17,710, down just 0.4% (£74) month-on-month (MoM) but up 1.9% (£325) year-on-year (YoY). Older cars saw the biggest YoY […]
Car buyers want transparency from dealers, finds MOTORS & Cazoo consumer research
Transparency tops the lists of pre-requisites customers most want from dealers when buying cars, according to research from MOTORS & Cazoo. The latest Consumer Insight Panel asked customers about their car buying experiences and what would most help them from initial contact and visiting showrooms to purchasing and handover. Transparency across all interactions emerged as […]
Hybrids and EVs now more popular choices than ICE for buyers considering next purchase, finds MOTORS & Cazoo research
Hybrids and EVs are now more popular fuel choices than petrol and diesel engined cars for buyers considering their next purchase, according to the latest Consumer Insight Panel from MOTORS & Cazoo. The research polled the views of 2,001 car buyers and found 55% expect to purchase an alternative fuel car in their next buying […]
Cazoo strengthens Brentford FC partnership as new official sleeve partner
MOTORS has stepped up its strategic sponsorship activities with Brentford Football Club, with its Cazoo brand becoming the Premier League team’s new official sleeve partner. Cazoo branding will feature on the sleeve of all playing and training kit for the men’s first team from the start of the 2025/26 season. Additionally, Cazoo have secured placement […]