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 […]
Buyers will travel an average of 48 miles to view and purchase the right car, finds MOTORS & Cazoo research
Car buyers are willing to travel an average of 48 miles to view and potentially purchase a vehicle, according to research by MOTORS & Cazoo. The latest Consumer Insight Panel polled the views of 2,001 car buyers to identify the furthest distances they were prepared to travel for the right car. Only 10% expect to […]
MOTORS & Cazoo steps up data services to dealers with appointment of Chris Lockley as Director of Analytics and Insights
MOTORS & Cazoo has appointed Chris Lockley to the new position of Director of Analytics and Insights. Lockley has extensive analytics experience in the automotive sector having held senior leadership roles at Cinch, BCA and Jaguar Land Rover. An inductee of the DataIQ 100 list of the most influential professionals in data-driven businesses, Lockley joins […]
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 […]