Cazoo

It seems the attempts to raise funding did not go well.

https://cardealermagazine.co.uk/publish/bombshell-...

Amazing that they think that with no capital and no profitable business they plough the ship on as though they can turn it around. If it looks like a dead duck, doesn't quack, then it's dead. Maybe they think there is some misguided value in the name/brand?

Last party on the Titanic?

Looks like they're about to appoint administrators according to this this thread on Reddit;

https://caseboard.io/cases/48d62ae0-58b6-4244-995b...

https://www.cityam.com/cazoo-preparing-to-enter-ad...

What will happen with the surplus stock?

They don't appear to have stock since March:

https://www.bbc.co.uk/news/articles/c9wz2lw8kgeo#:...

It does not surprise me. A car is typically the second most expensive purchase people make, even second hand, who is going to do that without actually looking at it first?

I bought a BMW motorbike privately a couple of weeks ago completely on a few pics and trust!

I caught two trains to pick it up. All good.

There is definately a place for a remote selling mode, Cinch seem to be doing OK, the issue with Cazoo was their arrogance in thinking and marketing themselves as the definitive buying model, they spent stupid on advertising and sponsorship, paid stupid money for stock with tiny margins, planning to eventually dominate and own the used car selling market, burning through cash along the way.

Their arrogance in thinking they could take over and dominate the used car sales model was their downfall.

Had you fully paid for it before seeing it though. there's a big difference.