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Here's Why Cazoo Collapsed 

High Peak Autos
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Today, I'm going to explore the uncertain future of Cazoo’s marketplace model and the upcoming extraordinary general meeting on June 6 to discuss the company's winding-up process. Before diving into the specific challenges and decisions that led to Cazoo's downfall, I want to introduce today's sponsor, Ground News. Ground News is an innovative app designed to help you navigate the complex media landscape by aggregating articles from over 50,000 sources worldwide. It provides context on news sources' biases, reliability, and ownership. See how Ground News offers a more comprehensive understanding of current events, including the recent news about Cazoo's collapse.
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6 июн 2024

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Комментарии : 1 тыс.   
@HighPeakAutos
@HighPeakAutos 11 дней назад
Go to ground.news/autos to stay fully informed on the latest Auto News and more. Save 40% off with my link for unlimited access this month.
@Jackster4505
@Jackster4505 10 дней назад
I can just see it now, I BOUGHT A CHEAP SECOND HAND CAR COMPANY.....I MAY HAVE MASSIVELY OVER SPENT.
@hughmarcus1
@hughmarcus1 10 дней назад
😂😂
@user-ck1jv3nw8d
@user-ck1jv3nw8d 10 дней назад
All it needs is a good buff....
@davidbecquer3624
@davidbecquer3624 10 дней назад
"A good buff, new coat of paint and a pair of good tyres and we're back in business!"
@thedirectionoflife5384
@thedirectionoflife5384 9 дней назад
😂
@dghackett58
@dghackett58 9 дней назад
😂😂😂😂
@LukaFontain
@LukaFontain 10 дней назад
“I’m a little bit risk averse”, brought to you by the same person as “I bought a cheap CL500”
@pedrodaniellopesferreira2916
@pedrodaniellopesferreira2916 10 дней назад
Still... limited risk. It's not like making an entire inventory of 1990's SL500's
@LukaFontain
@LukaFontain 10 дней назад
@@pedrodaniellopesferreira2916 sounds like a fun business proposition for somebody with money to burn 😋
@Barbarapape
@Barbarapape 10 дней назад
And then advises others to use Car Vertical before you buy !
@funkymonkey1198
@funkymonkey1198 10 дней назад
Car Vertical is so crap. for what you pay
@LukaFontain
@LukaFontain 10 дней назад
@@Barbarapape all our video evidence currently suggests Matt uses carvertical AFTER he buys. The man loves a challenge
@peacefulrider
@peacefulrider 10 дней назад
Hi mate. I bought a 2016 Passat from Cazoo in May 2021. It had no service history and 97,000 on the clock. I agreed to buy it with their 7 day no quibble return policy if they did the cambelt and water pump and provided proof. Tge car arrived with no proof of the work. After 5 days I threatened to send it back and they admitted they hadn’t done it . The car went into Tonbridge Cazoo centre. I had a hire car for nearly a week. They gave me £200 compensation. Fast forward I had all the heater system renewed at vw dealer ( over £2000 bill ) , new windscreen , service , mot , front driver assist re calibrated, aircon regassed ,more hire cars in between and more compensation. All paid by Cazoo. I still have the car on 137k miles. I love it and it’s my second Passat. So underrated these cars. They obviously earned no money and probably lost money with my car. I’m not surprised they’ve gone bang. While my car was in and out I would sit in their little lounges with Apple TV , sofas , drinks hot or cold, all very lovely . Anyway I feel like the proper Cazoo expert. Thanks for all the videos. I’m a big fan of the channel. All the best Paul.
@hughmarcus1
@hughmarcus1 10 дней назад
Probably?? They’d have lost a fortune on your Passat.
@mandrill81
@mandrill81 10 дней назад
Much like my experience ,car was not as described and they had to use main dealer / other vendors to fix issues.There is no way they didn't lose all the profit and infact make a loss on my purchase.
@chandfreed1852
@chandfreed1852 9 дней назад
😂😂​@@hughmarcus1
@MrJoepreston
@MrJoepreston 8 дней назад
Interesting thanks for sharing.
@simonh870
@simonh870 6 дней назад
You did well, I had a few issues with the BMW I bought, and even getting them to replace things like tyres and brakes which were defective when it arrived (and illegal) was a huge challenge.
@mrthomas394
@mrthomas394 10 дней назад
When is this man going to get a TV program ?? Proper down to earth and a genuine decent dealer....
@MattBeer1971
@MattBeer1971 10 дней назад
Unfortunately, with his stilted/robotic delivery style. He would not get anywhere near TV.
@mrjamesmay3548
@mrjamesmay3548 10 дней назад
Ha I was just thinking he’s getting ready for it! His forehead looks a bit shinier and smoother than normal 🤔
@UnitGorilla
@UnitGorilla 10 дней назад
He isn't woke enough. He's need to be a lesbian immigrant black man.
@CovBloke1310
@CovBloke1310 10 дней назад
I am sure MATT once said he had done some T.V. acting at one point
@ethan_59
@ethan_59 10 дней назад
too good for tv, tv is shit these days
@tonydudley1810
@tonydudley1810 10 дней назад
I bought a Mini Coupe SD during Covid, just after the first lockdown< the car had 12000 miles on the clock was immaculate, purchased from just outside of London. I had been watching it before lockdown on Autotrader and got it for the right price as cars had not been moving for months. I owned it for 3 years al but a few days and did 9000 miles in it, I looked to sell it tried all the on line buyers, WBAC, Motorway etc etc Cazoo offer me £2500 more then I paid for it, so it went to them, sales guy said that’s the cleanest car I’ve ever seen and no rangling on the price offered, it was all done in 15 mins and sold. They put it up for £3k more then I got, within a week it was £2k, next week £1k after a month it was £300 more then I received. After 5 weeks it appeared to be sold!!! It went to auction and turned up on autotrader 2months later at the price I purchased it for back in June 2020 and that was at a main dealer. The model was obviously buying at high price and try to sell quickly when I didn’t get rid of it!
@smith5796
@smith5796 8 дней назад
Cazoo sold that one on finance lol
@WayneTaylor-sv3xt
@WayneTaylor-sv3xt 7 дней назад
Hi Matt Having worked in the retail motor industry for over 30 years I follow your channel with interest. I left the industry during Covid. An opportunity that gave me time to reflect on the huge challenges of running a franchise operation and seeing new car targets going up year on year to a completely unrealistic number. Having this time I quickly made decision that this industry was no longer fun and not for me. I genuinely enjoy the content of your channel it still gives me my motortrade fix. As you know once it’s in the blood it’s hard to leave it !! Although I’m a distance from you when I’m in the market I will contact you as I like your honest approach….. if anyone else reads my comments trust Matt as an experienced professional within the industry for over 30 years I certainly would. Matt runs a great business which is fair to him and his customers. Congratulations to you on your honest work and your success. I wish you well Matt for the future 👏👏
@wilko7530
@wilko7530 4 дня назад
Did exactly the same as you, end of lockdown 1 left a dealership after 20 years of sales - ‘no longer fun’ definitely sums it up!!
@diogenesagogo
@diogenesagogo 7 дней назад
What is increasingly clear to me, as I watch your videos, is that you're one properly intelligent guy. More power to you.
@mikericketts-royle4840
@mikericketts-royle4840 10 дней назад
Hi Matt I was one of many delivery handover specialist who was employed by cazoo ( 3.5years ) .. during COVID it was a brilliant concept, then COVID finished then other dealerships gave the option to buy online which made it harder for cazoo ..then the sponsorship which cost in excess of £50 mil ..and at the time they were sponsoring the whole of league 2 in France and at home it was every sport under the sun...then the move into Europe which again cost upto £550 mil opening cazoos equallant in European countries just to pull the plug 5 months after 😢...all this and bad management from the higher hyeracque and the way along , then when they realised it was going downhill they decided to try seek help and advice from the used car sector..but a bit late then ... All in all a lot of fantastic people lost their jobs due to bad decisions and management..😢
@135Ops
@135Ops 10 дней назад
higher hyeracque* hierachy?
@rjj00
@rjj00 10 дней назад
​@@135Ops Lamborghini hyuracan*?
@TheRealD4
@TheRealD4 7 дней назад
@@135Ops hierachy* hierarchy?
@akram_J477
@akram_J477 День назад
​@135Ops nike air huarache
@snbala
@snbala 10 дней назад
Used to work for a car supermarket a few years ago and I used to see Cazoo trucks everywhere, then it started to disappear slowly from the roads and now extinct and I wondered why I don’t see them anymore. They needed a showroom really instead of a delivery service, people like going in to buy their cars for the experience.
@Egghead64
@Egghead64 10 дней назад
They had showrooms as well in the sense they were pick up points. The only added advantage from having the car delivered was the opportunity to see the car that you had paid for and interact with a service provider as the buyer inspected the car before agreeing to take it away
@LT212-24
@LT212-24 3 дня назад
Can’t test drive = massive red flag.
@luntoinside
@luntoinside 10 дней назад
Great insight Matt. I remember applying for a marketing job at Cazoo a few years back. I was intrigued by the sponsorship deals they were pulling particularly in the football world and their marketing campaigns in general - they seemed to be everywhere you looked! However, marketing on such a scale comes with hefty costs. Looking back they probably went a bit too hard but I did admire their bold approach. And no, I didn’t get the job and probably for the best. Heart goes out to those that have lost their jobs or will lose them soon.
@andy_xtr3861
@andy_xtr3861 10 дней назад
I phoned a car supermarket fords of winsford and asked for a test drive, the car salesman response was what do you need to test drive for? It put me right off and i will never buy from a supermarket.
@KOL630
@KOL630 7 дней назад
I had that when shopping for a Golf GTI Clubsport. I wanted to drive one and VW Milton Keynes had one in stock but wasn’t quite the spec I wanted. However I already owned a Renaultsport Trophy which was amazing so wanted to see if the Golf was worth the hype. If so I would’ve bought it when they procured one in the precise spec. Anyhow the salesman was a jackass and wouldn’t let me test drive it so I told him to get stuffed. Some of these guys are total idiots and shouldn’t be doing what they do for a living as they are just bad at it and lose potential sales through their mismanagement of customer enquiries.
@charleswillcock3235
@charleswillcock3235 6 дней назад
They are not selling cars, they are selling finance, the car for them is just an incidental.
@barricadeish
@barricadeish 5 дней назад
I went to look at a golf 2.0TDI at FOW IT WAS A SHED wasn’t impressed needed re spray ,brakes were shot rear wheel bearing groaning Salesman kept turning radio up to mask noise. Went to reception only one key available. Ask about another four cars all only one available key. Left showrooms went to main dealership at Macclesfield sorted me a brilliant golf. This was 2013 never looked at FOW SINCE!
@SIX622
@SIX622 10 дней назад
I purchased a car from Big Motoring World and they gave ‘the hard sell’ on all warranties and products which almost put me off buying. I walked away with the car and no extras, but to be honest, I wouldn’t use them again.
@red9zero
@red9zero 10 дней назад
Same with Carshop. 10 minute handover turned into 90 minute hard sell of every possible add on. I know it's how they earn their commission, but it is very annoying. They ended up adding £250 onto my part ex so they could add the paint treatment (that they didn't actually do) onto the new car at no cost to me.
@gerryattrickbiker
@gerryattrickbiker 10 дней назад
Didn't they also charge you 300 quid admin fee for the privilege of buying from them??
@TheKostiiis
@TheKostiiis 10 дней назад
exacly the same here. very rude and borderline aggressive. I got the car and the car is lovely, no extras there, but I left them a google review and emailed them feedback about how horrible my experience was and making it clear that I will not be buying any car from them again.
@Drive_Success
@Drive_Success 10 дней назад
Hard sell and cars are poor quality
@Drive_Success
@Drive_Success 10 дней назад
Avoid Big Motoring World
@pf2264
@pf2264 10 дней назад
Personally I would never even consider buying a used car without seeing it , sitting in , driving it, even if I had sat in and driven the same exact model, and I don't know anyone that would ! It's Internet shopping gone way too far in my eyes, I would far sooner take a 200 mile round trip to see the actual car I'm physically parting with money for and I would be happy to even pay a bit more for the vehicle purchasing this way. I believe there will always be a place for dealerships like your own Matt and I hope that for the sake of good honest car dealers like yourself that I am proved right ! Keep up the good work and keep the videos coming chap.
@Luke3030
@Luke3030 8 дней назад
Bought my last 2 online.
@Mal_Outdoors
@Mal_Outdoors 6 дней назад
I am planning to change my medium estate car for the large estate in their range to have more versatility and though everything looked perfect on paper, when I test drove it I realised it was just too big for easy town parking etc compared to my present one. So now I am buying a newer, top spec version of my present one. Without a test drive I would have regretted the change.
@terryc8164
@terryc8164 6 дней назад
Totally agree, buying a car sight unseen is crazy.
@MrDuncl
@MrDuncl 5 дней назад
I did a couple of 100 mile round trips to go and test drive cars. You can't tell what the ride quality and noise will be like until you go in one. With one car I actually got a dealer to take me out in a second one as the first was so noisy I thought it must be faulty. There was no way I was spending £25000 on a car that made a Dacia Sandero (which my parents in law have) seem quiet and refined,
@johno4521
@johno4521 4 дня назад
@@terryc8164 It's like the automotive equivalent of 'Married At First Sight!'
@r7coo
@r7coo 10 дней назад
Sponsoring Everton & Aston Villa would also have cost Cazoo a tonne of cash
@elisee9935
@elisee9935 10 дней назад
those sponsorships were the least of their problems. Sponsorship most of the time will generate you a decent amount of revenue. I know I've visited their website more than 20 times because of those football shirts. And I live on mainland Europe.
@135Ops
@135Ops 10 дней назад
@@elisee9935 You've visited the site x20 but you haven't bought anything so has it generated revenue?
@cp4512
@cp4512 8 дней назад
The sponsorship was to trick foolish investors to part with their cash as it made it look like they had lots of excess cash and we’re doing well.
@FROOB202
@FROOB202 8 дней назад
It does seem a bizarre choice to sponsor two Premier League football teams...
@Bob-kb5pv
@Bob-kb5pv 8 дней назад
We bought a Volvo xc60 from Cazoo and collected it from one of their cazoo centres. It was about 2.5K cheaper then a local dealer, and they offered the best price on our trade in. The distance selling laws gave us the confidence to buy a car online, although it wasn't a problem as the car was exactly as described. Just before last Christmas we decided to change our second car.This time we saw a Kia Picanto in a dealership 80 miles away. We knew that they had a branch locally but we purposely didn't ask for the car to be brought up, or go down to Cornwall to look at it. Instead we brought the car sight unseen, and as it was a distance sale, we told the salesman that if the car wasn't exactly as described we would be asking for a refund under the distance selling laws. I think that concentrated his mind and the car was perfect.
@queensberryrulez5306
@queensberryrulez5306 4 дня назад
Nonsense, try getting that enforced against a car dealer. You will be unpleasantly surprised.
@getawayhs2856
@getawayhs2856 10 дней назад
I bought a used car blind a couple of weeks ago because it was at a dealer on the Isle of Wight. I asked a lot of questions and the sales guy was completely honest. It was approved used & returnable so why not? I am very happy with the car.
@davidkmatthews
@davidkmatthews 10 дней назад
You bought a car "blind"???!!! How on Earth did you pass your Driving Test? Do you use potholes as a form of Braille to help you navigate the roads? ;-)
@paulf2529
@paulf2529 10 дней назад
With an honest dealer great, I have done a number of long distance transactions 5 times now, including one with a part ex. These were higher end transactions and four of these went smoothly but one was a disaster with service history and condition of vehicle not as described resulting in me rejecting the vehicle. I probably should have gone with gut feeling.
@meme4one
@meme4one 10 дней назад
​@@davidkmatthewslabrador in the passenger seat.
@akram_J477
@akram_J477 День назад
How did u know u were getting in the right car when u were at the showroom if you are blind? Was the sales man saying "no,no,no,yes" until you opened the correct car?
@danpaul4975
@danpaul4975 10 дней назад
Here's a fun fact. If a retailer doesn’t give you information about your rights under a distance sale at the time of delivery, including your right to cancel the purchase within 14 days, then you’ll have up to 12 months to cancel your order and receive a refund!!
@Bootneck-RMC
@Bootneck-RMC 10 дней назад
The information is normally on the website and it's your responsobility to find and not theirs to tell you where it is.
@danpaul4975
@danpaul4975 10 дней назад
​@@Bootneck-RMC​​​ absolutely correct... But sometimes it's not, in which case it's on them to tell you, as in my case, hence how I found out about this little known loophole in the first place
@767corp
@767corp 10 дней назад
@@danpaul4975 those things are always in contracts or bills of sales, doubt anyone having a company would run a business without legal team dealing with such requirements.
@Bootneck-RMC
@Bootneck-RMC 10 дней назад
The other thing that people need to be aware of is, If they decide to return the item during the cooling off period then, they can be held resposible for the cost of that return delivery which depending what the item is could be expensive unless the seller states that they will pay which is very unlikely.
@danpaul4975
@danpaul4975 10 дней назад
​@@767corpI read every inch of the paperwork I received with my car. I even got an email confirmation from the salesperson that he didn't know about distance selling regulations 😂
@adamh986
@adamh986 10 дней назад
Love this Matt, great to see your interest in business of all types come through. Miss the property videos but also see why you felt it shouldnt go on. Fair doos. Being updated on your journey from the birds eye view would be awesome. Cheers Matt
@vincentyerkess7230
@vincentyerkess7230 9 дней назад
Great information and edited to perfection. Well done, there's no stopping you. I think you need a full on tv show
@sharronridding5851
@sharronridding5851 9 дней назад
I worked in the motor trade from 1985 to getting made redundant in 2020. You’ve just said pretty much word for word what I’ve been saying about Cazoo, but a lot of my colleagues thought I was talking crap as they put it. Now who’s words have come true. I’m completely out of the motor trade now and really miss it. I like your channel 😮
@lgamer99
@lgamer99 10 дней назад
I use to work for Cazoo as a accountant, when they were buying companies for parts and inspection.They had terrible people in positions and it was no wonder that they failed. i told them before i left that if they didn't hire good people they would fail to provide and seems like i was right.
@shanginadildo
@shanginadildo 9 дней назад
Wow what an genius. You're a amazing accountant
@LA-fr7fx
@LA-fr7fx 8 дней назад
It has become very difficult to hire skilled, productive and talented people - every company has issues in recruiting employees.
@chrisdevito4502
@chrisdevito4502 8 дней назад
I too used to work for Cazoo and predicted it. When certain members of management left over night I got a feeling in my water. It was a shame as I had a good two years there and made some great friends. The amount they were spending on repairs and parts was unbelievable and also they hired the wrong people in higher management and the customer services center was useless with no idear but still had a fully fledged bar and Uber delivery’s everyday. My site couldn’t even get a mop for the floors. Love the channel a response to my email would be good 😉
@Davids_DC-10
@Davids_DC-10 10 дней назад
I'm not a used car dealer but I am a business analyst and I agree with you on their rapid expansion. When I saw them sponsor football teams in France (?) I was imediately concerned they were overstretching on marketing spend. I'm a big fan of adapting traditional trade so kudos to you and your peers.
@Antiguan_Dart
@Antiguan_Dart 3 дня назад
What a well delivered insightful video. Not come across your channel before. Will be looking out for more of your content.
@dnovello
@dnovello 7 дней назад
Matt, very solid and detailed explanation!! Thank you!!love all your content!!
@SandraPhillips-cb5og
@SandraPhillips-cb5og 10 дней назад
Your content vibe is just right, keep it up
@AlexSmith-de2le
@AlexSmith-de2le 10 дней назад
I purchased a car from Cazoo and was very happy with their service. One thing that was difficult was for them to properly hand over digital service records and onboard you onto manufacturers systems - I bought an Audi Q5 and had awful trouble getting my profile added to the car. Whilst it was sorted, and paid for by Cazoo, it was inconvenient
@nkbish0p
@nkbish0p 10 дней назад
Really enjoy your videos - great stuff - keep it up!
@rasdan172
@rasdan172 10 дней назад
Great video. Grounded and informative. Ive been subbed for a few years now and im so glad you haven't turned into one of those channels that just destroys old cars, or flaunts wealth with nothing of substance.
@deaks25
@deaks25 10 дней назад
Matt has often talked about how very generally the cheapest of cheap cars attract a certain type of customer; the type that always seems to have the most complaints and have unrealistic expectations. I wonder if Cazoo's tactic of undercutting the rest of the market and going for the lower end of the price market came with its own challenges with that kind of customer?
@ferrumignis
@ferrumignis 10 дней назад
They didn't sell "cheap" cars though. Whilst they did undercut conventional dealers with physical showrooms, their cars were relatively new, low mileage and good condition examples which the price reflected so they wouldn't attract the typical customers from FB marketplace or low end dealers etc.
@Dan-di6qe
@Dan-di6qe 10 дней назад
Not really I doubt they are selling 500 quid cars. Customer is no. 1. Companies think they can cost out but it never works long term.
@dartskipper3170
@dartskipper3170 4 дня назад
​@@ferrumignis That makes me wonder where they sourced the cars that they sold. Hire companies? Leasing companies? Auctions?
@Xiltch
@Xiltch 10 дней назад
Dang ... I missed out on a free 14 day rental car. Good thing we don't have dishonest people that would abuse such a system....
@FROOB202
@FROOB202 8 дней назад
I don't think there would be any point in doing it routinely. Unless they gave you 14 days of insurance and the car was free tax you'd lose a couple of hundred in insurance & tax and I assume return delivery charge, and they'd ban you after a few goes.
@paulketchupwitheverything767
@paulketchupwitheverything767 3 дня назад
I picked up on that comment in the video too. "Exploit" can have a couple of different meanings depending on the context; it can be to simply make use of what is available, or alternatively about being more underhand and devious. It wasn't clear to me whether he meant Cazoo had just underestimated take up, to their cost, or if buyers were frivolously getting cars and then sending them back within 14 days.
@nickdavis8467
@nickdavis8467 10 дней назад
Hi Matt, another excellent and informative video. All the very best from Nick in Wolsingham.
@richie3659
@richie3659 9 дней назад
Great insights Matt. Interesting ad too btw, ground news. Will definitely check it out
@apanda1662
@apanda1662 10 дней назад
Cinch will be following them soon, followed by “we buy any car” and “ car wow” all robbing entities.
@sIightIybored
@sIightIybored 10 дней назад
WBAC will be fine, it's owned by British Car Auctions, where the vast majority of auctioned cars get sold so there's a lot of market capture. As far as I know CarWow is a marketplace/platform and don't have much capital risk.
@nickw8071
@nickw8071 10 дней назад
Think car wow is a connecting system ? Link sellers to traders and buyers to commercial sellers ?
@computerbob06
@computerbob06 10 дней назад
​​@@sIightIyboredCinch is also BCA, they sell the better cars gained from WBAC through Cinch, the rest go to auction!
@Rob-gj8rg
@Rob-gj8rg 10 дней назад
Car Wow shouldn't be included in the list. They just pass details to third parties. It's up to the seller to accept the offer.
@thesilentgametestr
@thesilentgametestr 10 дней назад
With all the car reviews and drag races carwow do I'm pretty sure they will be fine financially. Their YT revenue would be quite high.
@JimT-RCT
@JimT-RCT 10 дней назад
I am one of those who bought a car from Cazoo, it was only because the car I wanted, I couldn't find anywhere else, it was the same as the car it was going to replace, but a newer model, so I ordered it, and come delivery day, they phoned and said they would not be delivering, as they found a fault and were waiting for parts, this was nearly 4 weeks after ordering, I asked when the parts would be there, and they said they would call me as soon as they arrived, 5 days later, they called and said they had fitted the part, and the next delivery slot was in another 3 1/2 weeks. I needed the car when I ordered it, so really didn't want to wait that long, so ended up having to go and pick it up myself, it took them another 2 months to refund the delivery fee. The car was in good condition, and I really have no complaints about that, but to take the best part of 8 weeks for them to be able to get it too me, was unacceptable. I had already come to the conclusion I would not take that route again when buying my next car.
@Hugo-ie4cp
@Hugo-ie4cp 10 дней назад
Not the kind of content I expected, but still amazing. Also Ground news is a great sponsor I have been using them for years.
@jooglecoogle1926
@jooglecoogle1926 10 дней назад
Thanks for the video Didn’t seen easy to have a look around last week because your colleagues couldn’t be arsed showing me the vehicle I was interested in.
@mandrill81
@mandrill81 10 дней назад
Brought from Cazoo just before collection advised they found an issue with steering column so provided me a hire car for week whilst I waited for fix.On pick up found a chip in windscreen they said they hadn't noticed ( on checking on MOT it was advised).They had windscreen replaced. Some further issues ( paint work ,non matching tyres , faulty blindspot ) all fixed all third parties .So in the end they spent 10 to 15% value of the car on repairs.I will say they did fix everything so I cant complain with that and they were prepared to take car back for refund but if that was a regular occurrence for them can see why it went wrong for them
@gwheregwhizz
@gwheregwhizz 10 дней назад
Working from home becoming the norm after Covid made a difference. My mileage dropped 10,000 miles per year so I don't feel the need to change so often.
@robgibbsofficial
@robgibbsofficial 10 дней назад
Excellent video, Matt. Brilliantly narrated. The comments are very interesting too
@jonathanpierce51
@jonathanpierce51 10 дней назад
You really nailed this one Matt. I could not believe that this concept could work - for all the reasons that you give.
@TonyJvideos
@TonyJvideos 4 дня назад
Cazoo was a great idea. We bought one from them. The amount of photos, details and description given online were second to none, was much more in-depth than a typical dealer's ad. The point you're making about lack of test drive is null, you had 7 days to test drive it and investigate every aspect of the car at your leisure at home, backed by a full 7-day money back guarantee. This is much better than only spending a couple of hours looking at the car and a quick test drive with the dealer. And delivered to your door so you don't have to trek many miles to see a car at any specific appointment time. I think it's the perfect way to buy. Just a theory here but I think their downfall was rising interest rates. The cars they had in stock they were buying on "dealer finance". When they sold the car the finance would be settled and the differential was their profit. That business model worked well when interest rates were virtually zero percent. When interest rates rapidly rose to 5% that business model became untenable.
@chrisbaete5842
@chrisbaete5842 Час назад
I would never part with cash for a car without a test drive - the hassle of getting the car back and waiting for a refund, even if it goes smoothly can still take 1-2 weeks and I would then be without a car.
@oliversdouglas
@oliversdouglas 10 дней назад
We literally bought our car from Cazoo in January - was a pretty good experience, great car, very chill experience for my socially anxious soul..! Was the first time I'd bought car and I fully understood my rights in terms of distance selling and being able to give it back if we didn't like it. I'd happily go to a dealership next time now I've owned a car and understand what I'm looking for, though
@Jack-rj1dq
@Jack-rj1dq 9 дней назад
Great video, saw you leaving Ardwick Esso last night! Would have said hi if i wasn’t driving last past!
@flemmingsorensen5470
@flemmingsorensen5470 10 дней назад
Great video - hope to see more of these 👍
@paulriggers1558
@paulriggers1558 10 дней назад
44yrs in trade tech here, another thing is, modern cars are so unreliable now, you need to have an affordable garage to repair them in, whereas they have to use main dealers [who aren't going to give a competitor a discount] as you know, a simple engine-light on situation can easily exceed £3K to fix these days most of their cars came from previous owners who part exed them in cheap [because they have underlying faults] so they were buggered from the start...
@ResevoirGod
@ResevoirGod 8 дней назад
Eh? Modern cars are so unreliable now? What on earth are you talking about, cars are now more reliable than ever 😂😂😂
@matterhorn1975
@matterhorn1975 7 дней назад
​@ResevoirGod to be honest and IMO a new car is more 'reliable ' than a 1984 vauxhall cavalier BUT if you do have an issue, it tends to be an issue the normal owner can not resolve, so requires so called expertise computer equipment to diagnose the fault.
@MarkHewitt1978
@MarkHewitt1978 4 дня назад
@@ResevoirGodI think what he means is that when modern cars break - and they still do - that they are such a ball ache to get fixed.
@MikeSmith-tx2lp
@MikeSmith-tx2lp 4 дня назад
Don’t buy an unnecessarily complicated vehicle. All mates with Mercedes have their car at the dealership more often than on their drive. Mostly software and sensor issues. As an earlier post said the car is just the bait, the money is made on the finance and servicing now and most people under 40 don’t ever consider maintenance themselves.
@paininthepatoot
@paininthepatoot 10 дней назад
I bought my Toyota Tacoma sight unseen by ordering from a Toyota dealer. It was my only option which made me very unhappy. I had enough information to know it wasn't a bad truck but still wanted to be able to test drive or at least sit in it first. Maybe its my age but their are certain things I want to be able to buy in person and a vehicle is one. Carvana is having the same problems in the US.
@mp3bbb
@mp3bbb 10 дней назад
Bought a car from Cazoo and another from Cinch, great cars and a great service from both companies. Being out in the sticks it was a great way to get a broad range of cars from across the country.
@orchidopus
@orchidopus 10 дней назад
Superbly researched and presented video.. I never quite understood their business model from the start and distinctly remember you voicing your doubts about it. Ultimately Cazoo banked on too many customers viewing car purchasing as any other domestic appliance or commodity. However, for most people, car buying will be their most expensive purchase only second to their house, so buying a used car unseen is simply too risky, clinical and emotionally unattached.. It was an ambitious idea that failed because they presupposed how customers were going to buy cars in the future. Will be nice to see Autotrader searches back to normal...
@retroadventurer
@retroadventurer 10 дней назад
I got a cracking car from cazoo 2 years a go... ill have to preserve my cazoo goody bag now😂
@GrahamReid34
@GrahamReid34 10 дней назад
Same, even got that tile Bluetooth key finder lol 😂
@retroadventurer
@retroadventurer 10 дней назад
@@GrahamReid34 living the dream🤣👍i didn't get one of those 😵
@michaelr4573
@michaelr4573 10 дней назад
I am still very happy with the car I bought from Cazoo in December 2020 and would have been happy to use them again.
@ferrumignis
@ferrumignis 10 дней назад
My Cazoo umbrella and ice scraper are still in the glovebox 😁
@Dan23_7
@Dan23_7 10 дней назад
@@ferrumignisHot property now mate 😂
@stevehasler9538
@stevehasler9538 10 дней назад
Cazoo's dying breath was to pivot to an online marketplace for traders to sell through. (a disaster given how poorly Cazoo spoke of the industry when starting out). Their best bet would have been to take that huge amount of money and create that online marketplace from the start... Autotrader has the monopoly, it's a powerhouse of a business that can name its price and dealers just have to suck it up and pay because it's proven to work. No one has come close to building a strong competitor yet BUT if Cazoo had gone that route and run the sponsorship deals and huge ad campaigns for THAT platform, I think it'd still be here today and Autotrader would have to be a bit more competitive
@deniscb3244
@deniscb3244 10 дней назад
An extremely well prepared and insightful video from someone uniquely qualified to present it.👍👍👍
@BrianSEllison
@BrianSEllison 9 дней назад
Thanks for a really interesting video - great journalism.
@aacmove
@aacmove 10 дней назад
What you can do, which is what I've done three times in France, is look at the models you like. Take a test drive at the main dealer, then buy the one you want online. I loathe dealers, dislike the patter, and saved thousands on three brand new cars by going online with Aramis, which I think is more or less the same as Cazoo. Just looked online, got the car delivered to a center nearby and drove off without any hassle. That's how I like to buy cars.
@jimmyccam
@jimmyccam 9 дней назад
The new car market is not the same as the used car market, which is what Cazoo did! ... and went bust!
@aacmove
@aacmove 9 дней назад
@@jimmyccam that's why I've bought second hand cars from them too. I believe, pre-covid Aramis got their cars from ex rental and bulk directly from the factories. Now I wouldn't buy a car more than a year old, and the web suits me fine.
@iainrobinson4280
@iainrobinson4280 10 дней назад
"Hey Cazoo, it's the SEC. Why haven't you filed your accounts?" "We...we have massively overspent"
@DavidEades-dp9nw
@DavidEades-dp9nw 10 дней назад
Thanks for that video. I found it very interesting, especially to gain an understanding from someone who knows the nuts and bolts of the industry. Some things just don't work completely online.
@Asiaddicted
@Asiaddicted 10 дней назад
Very informative and well executed, thanks !
@peterowen4456
@peterowen4456 9 дней назад
I think I read somewhere that the people behind the Cazoo enterprise borrowed massively to get the show on the road. The other thing that's interesting is the survival of, say, Cinch. What have they got right? Will they go the same way as Cazoo? The other thing I thought is they may have started too soon. The success of Amazon shows that there is a whole cohort of people who don't want interaction with sales staff and these might be younger people with older buyers still preferring bricks and mortar outlets. Really interesting video Matt.
@ah97165
@ah97165 9 дней назад
They will all follow like a domino affect. Just a matter of time really.
@MrDuncl
@MrDuncl 5 дней назад
Cinch is owned by the same company as We Buy Any Car and British Car Auctions. So they get first Dibs on vehicles to sell from both of those. At first Cazoo thought they would get BCA to prepare their cars for them ! As someone once said, selling is easy. It is getting stock in at the right price that is difficult. How many people remember that Tesco briefly tried selling used cars? They ran into the same problem with the only cars they could source to sell being ex lease Fords and Rovers.
@MarkHewitt1978
@MarkHewitt1978 4 дня назад
Cinch has the supply chain sorted with We Buy Any Car and as far as I can tell doesn't have the same degree of physical presence.
@philipedwards439
@philipedwards439 10 дней назад
I recall the very video in which you questioned online car sales. I agree with you about the need to see, feel and drive a new car.
@peterwhite3302
@peterwhite3302 7 дней назад
As a retired businessman I often looked at the Cazoo model and couldn't see how it could work. It seemed too good to be true. A great video Matt. You told it just as it was!
@andymoore9977
@andymoore9977 5 дней назад
As a retired accountant I concur!
@nigelbond4056
@nigelbond4056 10 дней назад
I’ve bought a car from Cazoo. The service was perfect, the trade in (cost to change) was competitive, the delivery was seamless and the vehicle I bought was everything I wished for. I couldn’t understand how Cazoo made their money.
@andrewwaller5913
@andrewwaller5913 10 дней назад
Well they didnt make money clearly 😂
@767corp
@767corp 10 дней назад
CEO has 2bil of his own to burn through. So when that run out, there's a results.
@simonwood9028
@simonwood9028 10 дней назад
Interestingly I brought a car from Cazoo in Early January of this year. Had no problem with buying online (in fact it made it easier as I was unable to view anything due to heavy work commitments) but the after sales experience was horrendous, took 60 mins each and every time to get through to anyone and even then it was never a satisfactory answer to the problem, ultimately been moved onto the next call centre op who seemingly just read from a script. There sad demise was no surprise given my experiences, that said the car is great once its issues were resolved…
@malgf4145
@malgf4145 9 дней назад
@@simonwood9028 What sad demise? they are still trading .
@manfredarcher645
@manfredarcher645 9 дней назад
@@767corpplus he made a shedload more with the Cazoo IPO
@Petelmrg
@Petelmrg 10 дней назад
We used Cazoo as we knew exactly what we wanted and their p/x offer was way more than anyone else's; after sales however was non-existent.
@jordanplatt3916
@jordanplatt3916 8 дней назад
Same here sold my car to them for 2k more than I paid for it 3 years previous somehow 😂 bought from them too and yeah aftersales was non existent
@dghackett58
@dghackett58 9 дней назад
I bought a new (2nd hand) car 3 years ago and checked reviews and looked at photos online. I had a Mondeo MK4.5 auto at the time and got my fingers burnt with the box. I thought a Passat auto looked a good bet BUT when looking at it from drivers seat I hated it very plain and bland but sitting beside it was a Mk5 manual Mondeo liked inside and out and had a six speed manual. Test drove it, bought and apart from n/s wheel bearing nothing has gone wrong. Glad I never bought online 👍. Love watching your video's on the tube. Shame your up north and I'm a southerner as I like your honesty.👍👍👍
@alistairpickup6456
@alistairpickup6456 9 дней назад
You are spot on...Ive been in the industry for over 30 years and seen it before..we are a touch n try industry..people sell to people and I cant see it changing..
@Tom.G.Wright
@Tom.G.Wright 9 дней назад
Working in the car rental industry I have had plenty of customers who bought cars from Cazoo and Cinch that developed mechanical issues referred to us. Rather than a used car dealer like Matt giving them perhaps a pool car while his chosen local mechanic rectifies the issue promptly, Cazoo would pay good money for weeks on end for one of our courtesy cars while the customer's car is transported to and from their home to main dealers/established service providers. Hire bills alone could rack up hundreds or even thousands of pounds depending on the severity of the issue which would undoubtedly wipe out any profit they made on the sale
@yordizgz
@yordizgz 10 дней назад
My dad and I brought a car in Cazoo. My dad a 2018 Toyota Auris Hybrid in Spain. No problems at all, he still have the car very happy. Me, a 2014 C4 Picasso here in the UK. A nightmare. Since day one lots of problems. Looks like no one check the car before delivery. Noises in the rear axle, no heating in drive side and after few thousands miles, head gasket gone. In 10 months the car were more time in the garage than with me. I sold it to Arnold Clark before it cost me more money 😞
@Xiv2022
@Xiv2022 10 дней назад
The biggest difference here is Japanese Vs French.
@mrjones9915
@mrjones9915 10 дней назад
Don’t buy French/Italian cars - that’s my rule. Japanese cars are the best, generally speaking in my opinion.
@Minimal444
@Minimal444 10 дней назад
So basically your father bought a Toyota and you bought a Citroen, got it.
@jam365days8
@jam365days8 10 дней назад
C4 Picasso doesn't have a rear axle
@yordizgz
@yordizgz 10 дней назад
@@jam365days8 I thought every car has two axles 😅
@garethshaw5165
@garethshaw5165 7 дней назад
Great video. I agree I never understood why you would buy a car without looking at it, driving it, and the negotiation.
@ttall3334
@ttall3334 10 дней назад
Insightful video thanks Matt
@Aurorawindu
@Aurorawindu 10 дней назад
I'm probably in the minority, but as a consumer I actually admire Cazoo's business model. I don't mind buying a car without seeing it first - because I've got 14 days to return it FOR WHATEVER REASON. Effectively I've got 14 days of free test drive!!! I'm not sure a lot of people realize this when they go "I'd never buy a car online without seeing it first. What if my pushchair won't fit in the boot?" Well, you've got 14 days to find out after it's delivered! I recently spent about a month to buy a car. I am extremely particular on what I am looking for in terms of the model, year, mileage, trim, spec, colour. So even if I look across the entire country, there might be just 5-7 cars I would actually be interested in buying at any given time. I would call up the dealer and asked about details, but sadly quite a few of those massive car supermarkets out there are horrible in terms of customer service. They would go "We have no idea! We can't take additional pictures! We can't get an on-site salesperson to confirm the details. Just come see the car and buy it if you want." I said I didn't want to travel 4 hours to your forecourt only to discover it's not something I wanted. They said "Yeah we understand. But our on-site salespeople are just too busy. Come see the car if you want." Finally I decided to take the leap on one particular car which seemed to tick all our boxes. I reserved the car, travelled 4 hours by train, only to discover that the car was in awful condition - ripped leather seats, massive scuffs and scratches all over the car, and a pretty big crack on a windscreen. When I pointed out these issues to the salesperson, they simply said "Sorry our business model means we can't prep them properly as our profit margins are thin enough already." Then they had the audacity to offer fixing those issues ONLY IF I decide to purchase their paint protection, extra warranty products etc.. Frankly, I would have been happy to buy the car if the initial asking price was £500-1k higher but the car was properly prepped. Anyway I wasted two more full-day trips travelling around to see cars only to get disappointed. The frustrating thing was all these dealers had extremely positive reviews online, so it was quite shocking. And, no, it wasn't just me being a perfectionist and nitpicky. I shared pictures of those defects to friends of mine with limited car-buying experience, and everybody agreed those defects weren't acceptable. I guess I was quite unlucky - and the dealers were just not very honest in terms of the pictures/ video they posted online. If the dealers had been upfront with the issues, then I could decide whether to make the trip or not. I got so frustrated with my car hunting experience that, towards the end, I was actively looking to buy from dealers who are willing to do a distance sale. The fact that they are willing to do distance sales means they are confident that their car is properly prepped, and in a condition most customers would accept. It may well be the case that Cazoo overspent in terms of advertising costs, or didn't properly factor the extra delivery/ return costs into their prices (you did mention in the video they had very low prices and hence thin margins). But personally as a consumer, I don't mind buying a car without seeing it first because, again, I have 14 days to test drive and return it for a full refund for whatever reason!!! It's well different from buying a house as it would be difficult to "return" a house after moving in! Again, I am well aware I am probably in the minority as I am so fussed with the exact spec. A good friend of mine had to buy a car recently as well. They just went to a used car dealership and stated their requirements - dark-coloured, SUV or hatchback, manual gearbox, within a certain budget, THAT'S IT! Then they bought the first car they saw. This was even though the car was a tad above market value according to autotrader. In some ways, I'm quite jealous - they had a much less stressful experience than me :D
@JackBremer
@JackBremer 10 дней назад
Those flaws sound like things you'd see in the vehicle photos before travelling to view, no?
@Aurorawindu
@Aurorawindu 10 дней назад
@@JackBremer That's precisely the problem, mate - the pictures were taken in particular angles such that the flaws weren't at all visible, and they refused to take a walkaround video when requested. When I phoned them, they were like "Yeah the car's immaculate. All properly prepped in our state-of-the-art workshop!" If the dealers were honest and upfront, then I'd just decide whether it's still a car I want to travel/ buy for that particular price. If the price was cheap, I might consider buying a car even though it's in average condition and get the issues repaired myself (although one might question why I'd need to buy from a dealer rather than a private individual/ through an auction in that case). And to add insult to injury, when I demanded why they said on the phone the car was in immaculate condition when it clearly wasn't, the salesperson said "Yeah well... they're the call centre team who chatted with you on the phone... they never actually get to see the cars... so of course they'd need to say... you know... " Basically throwing their co-workers under the bus! Again, it might well be me just being very very unlucky. :(
@markpashley1831
@markpashley1831 10 дней назад
So you’ve done the deal with Cazoo. You take delivery, they take your part X and you have the new car. 10 days go by and you think, don’t like it, sending it back. That’s all fine. They come and collect your car, refund the money and all sorted. Only issue is you now have no part x and no car to use. 🤷‍♂️
@Aurorawindu
@Aurorawindu 10 дней назад
@@markpashley1831 might well be a very fair point - although I never part x with the dealer I’m buying from as I found I tend to get the worst value in return. When I sell, I try to sell independently. Besides, you might well run into the same issue even if you did a test drive and bought the car the traditional way - if the car worked fine when you bought it but then the engine goes flat ten days later, presume you’d have to put up an even bigger fight to return the car and get your money back? Not sure if you could get your px back as well? Also, we are pretty fortunate for being a 2-car household so we are able to live without one car for a short while. So whenever we want to replace a car, we tend to just sell it outright, then go car hunting with cash in hand.
@letter1014
@letter1014 10 дней назад
But they don't work for the business itself. Very convenient for us consumers, but very expensive for the business making it a high risk venture.
@Darkelf7201
@Darkelf7201 10 дней назад
100% Agree Matt. Cazoo, Cinch, Motoway (all those online sellers) look great but.....why on earth would anyone want to buy a car before seeing if it's nice to drive, you fit properly in it, you fall in love with it. Absolutely no surprise it's gone bust. Cinch will be next. I HAVE to drive the car first. Well Done !!
@richardhall2384
@richardhall2384 10 дней назад
Really interesting Matt. Great episode. With something as personal and as expensive as a used car people are always going to want a physical connection and experience. Period. It sounds like you're striking a good balance between the two models. And nothing wrong with being a bit risk adverse, this is how you're running a successful company after all!
@Greig300
@Greig300 10 дней назад
Love how happy you are on the image for this video 😂
@broken12367
@broken12367 10 дней назад
I could never understand how people could buy a car without looking at and driving said car first. One of these online retailers says on their advert you have 7 days to change your mind. So it seems that’s not exactly truthful.
@tadghsmith1457
@tadghsmith1457 10 дней назад
You nearly bought a Tesla? That’d be some step down from your Range-rover in terms of driving experience I’d say.
@ferrumignis
@ferrumignis 10 дней назад
He's got a video up of his test drive, He was very unimpressed with the stupid screen and how much attention it requires to use, which has always been a major criticism of mine. You simply cannot beat separate physical controls IMO.
@MidghamSteve
@MidghamSteve 10 дней назад
I would say it is a step up from many range rovers and older merc/bmers…. A new driving experience that will need learning and not just jump in and think it is like a petrol or diesel….
@jonwroe5968
@jonwroe5968 7 дней назад
Matt, for my sin's I'm in financial services. I've seen online this and that come and go over the last thirty-odd years. We have a saying - "people buy people first, and products second". That personal touch has always served me well. I've been following you for a couple of years now. I sort of feel I know you (obviously I don't), but I see many similarities in the way I think about things. (oh, and you operate out of the village my parents used to live, and you support City-like me). So would I buy a car off you - hell, yes, because I feel an element of trust. This is what Cazoo et al don't (can't) have. So this RU-vid channel is one of your ways of marketing. How many cars (as a %) have you sold in the last year as a direct consequence of this channel?
@philryan7254
@philryan7254 10 дней назад
Hi Matt great video I actually didn't know kazoo had gone bankrupt until now and I completely agree with what you're saying about visiting a showroom to buy a car it's much more visceral than ordering online .I recently purchased two brand new cars this Easter just gone and there's no way I would have done it online I like going into a dealership and test drive in and chatting and drinking coffee I'm talking to the actual salesman for me it's all part of the buying process and yes it worked in lockdown obviously but now you want the Showroom experience it should be fun buying a new car and I had a wonderful experience with Suzuki and you wouldn't get that online just like buying a fridge or washing machine it's just not the same...cheers Phil from Newark
@stevenbrown8857
@stevenbrown8857 10 дней назад
Cazoo offered me £6k for my car ... 4 weeks later, they offered £3k .... they didn't end off with it 😂
@JamesSmith-qs4hx
@JamesSmith-qs4hx 10 дней назад
Founder nose check required.🤨
@stevenbrown8857
@stevenbrown8857 10 дней назад
@JamesSmith-qs4hx I was like how ... why ... they said that's it 🤔
@JamesSmith-qs4hx
@JamesSmith-qs4hx 10 дней назад
@@stevenbrown8857 oiiiii veyyyyyyyyyy
@DaleSteel
@DaleSteel 10 дней назад
Why Cazoo failed? The business model was wrong. People will buy a car online IF they are saving MONEY. There should be a discount. I sell all my cars online and at a DISCOUNT. I can provide discount because I've no salesman or showroom. We have a unit where cars can be viewed and have a test drive BUT no fancy showroom or salesman. That means I can sell cheaper. I have success doing it like this. People are happy because they are making big savings. Trouble with cazoo was they were no cheaper than going to a traditional dealer. They also had showrooms etc. They were no different to a traditional dealer with a showroom. The whole business model was wrong.
@paulmasterson386
@paulmasterson386 10 дней назад
This was a fascinating and informative video . I think that the main problem any mass market seller has is where do they source their vehicles from. They can’t afford to employ dozens of buyers to travel around and carefully source selected vehicles,so they end up buying vehicles from fleets and car hire firms just so they have enough stock. They can’t afford to be choosy because if they are,they run short of stock. Some businesses don’t translate to the mass market. Could you imagine a national chain of antique shops? It just doesn’t work because you can’t find enough good quality products to stock a national chain. The great advantage you have is that you know your vehicles and their history, what can a salesperson in a car warehouse in Manchester say about a car that’s just been shipped up from London along with 60 others? I worked for the biggest Renault garage in North Yorkshire; it was miles away from any big population centre but was successful because it offered great customer service. That is the way to build a successful business,and you have done that!
@TechBaffle
@TechBaffle 9 дней назад
I think you hit the nail on the head - when making a big purchase, you still prefer to see it in person. It's a scary move paying money into something you haven't seen. Especially with cars, they're complicated things, so you want to make sure everything is as it seems.
@ZZR1200ZX
@ZZR1200ZX 10 дней назад
We the general public got lazy over the years online shopping became the norm. I can remember having to get up to change tv channels. Those were the days.
@shanebarnett55
@shanebarnett55 5 дней назад
I use to work for cazoo on the imaging side and oh my god the stuff we use to get around was unreal. Cars missing trim and had parts not fitted until after imagining. I have loads of storys of working there some were bad and some were good but mostly bad and people would not believe what use to happen to get cars out of the door
@davidbarton3106
@davidbarton3106 9 дней назад
A good interesting video Matt,cheers
@robertpowell7672
@robertpowell7672 10 дней назад
Cazoo appears to have been heavily into diversity judging by it's adverts.
@barry5138
@barry5138 10 дней назад
Woke / Broke
@Paratus7
@Paratus7 10 дней назад
You thought buying an EV was a good thing? No, really, you did? You? 😂🤣😂🤣
@geirarnesen6531
@geirarnesen6531 10 дней назад
Excellent video Matt - very informative and well analyzed. No doubt everyone should have a High Peak Autos Dealer to trust their used car purchase from, which would mean fewer headaches and troubles.
@limyrob1383
@limyrob1383 10 дней назад
You are spot on to mention how important it is to engage personally. Some things don't work on line - shoes for example - because you have to try them on. Cazoo had to succeed in making cars a commodity but the fatal flaw in that is that "what you see is what you get" doesn't work with cars. Every car is different so you have to be happy with how it drives, the condition and service history and check for concealed faults. Tesla can sell on line because Tesla have made their cars into a commodity, a Tesla is closer to a washmachine than a car (I like Tesla's but they are very different).
@damianleah6744
@damianleah6744 10 дней назад
When purchasing a vehicle I love to search the market online to find the vehicle I want to buy. Then I make arrangements to view and test drive it before I go ahead. I like the idea and convenience of the vehicle being delivered. But you have to see it first. Imho
@johnmorrison27
@johnmorrison27 10 дней назад
Brilliant insight as always 👍👍
@harryged53
@harryged53 10 дней назад
Matt, I'm old school when it comes to car buying, I like to go and see the car, check it out personally and test drive it. Also I find face to face contact important, you can tell a great deal about the company and the dependability of the sales staff through chatting in person. I don't believe online car dealing is something i could ever come to terms with, I enjoy the personal touch and that only comes with face to face contact.
@azizbass
@azizbass 9 дней назад
Great video, very informative.You're a future top.Gear presenter. I love your style of reporting very refreshing.
@HighPeakAutos
@HighPeakAutos 9 дней назад
Wow, thank you!
@rfxtuber
@rfxtuber 6 дней назад
@@HighPeakAutos Deserved, you do tend to strip out the BS, instinctively know what people are probably thinking and strip out all the filler, waffle and fluff.. very hard to do... but you seem to be doing it... bravo HighPeak!!!
@user-ww6zm3qz8x
@user-ww6zm3qz8x 5 дней назад
Got to say, i could listen to you all day :)
@tonycook1858
@tonycook1858 10 дней назад
It was a great option when the only option was to buy a car online, it was the perfect solution at the time, I used cinch, car was good value, perfect spec, everything we wanted for my wife, the car was delivered…… 3 options from the spec list were not on the car!!!! They first try to say cars can be modified by their owner including removing optioned items!!! Honestly who would remove 360 cameras?? After a few emails they gave me compensation, however I wouldn’t use again, really poor aftercare, 3 weeks to respond to emails, so frustrating, great video
@lewistillett206
@lewistillett206 10 дней назад
Lovely put together video
@royanshaw1345
@royanshaw1345 10 дней назад
I think the “old fashioned “ way is best. You need to stand in front of a car to assess whether it’s for you or not. Great channel Matt!! 🤓
@mcsherlocks
@mcsherlocks 10 дней назад
Worked well for me, I had an Hyundai i20. Wanted to upgrade to an i30. My local Hyundai had no good used cars locally. Cazoo had a few and would deliver them. So I did some youtube searches and decided on an i30. Excellent service from Cazoo, worked for some but as you said there model was profitable enough.
@MusicRelatedCandy
@MusicRelatedCandy 10 дней назад
More of this type of video please! Loved it. I thought the same would happen to Just Eat and Uber Eats etc. but they're still going...
@paulwilliams2862
@paulwilliams2862 7 дней назад
I don’t think it could be explained any better, nail and head. They were simply too ambitious too soon, came in, thought they could be the biggest and sell big volumes without a second thought to everything you said. Great video.
@oliverlotus
@oliverlotus 10 дней назад
Great video Matt. I've always thought buying a car like a washing machine was a stupid idea.
@dansmith2930
@dansmith2930 10 дней назад
Matt, you need to sell aftermarket products you may not like them but its additional profit. You can sell them honestly if they are good. Paint protection works if its applied correctly and warranty and gap are no brainers just read the small print!! I really like your work ethic and your moral compass points in the right direction. Keep them coming mate.......
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