Comparing Cazoo to the top car retail businesses in the UK and USA
Why I Chose To Look at Cazoo
Alex Chesterman (founder of LoveFilm and Zoopla) is making big strides to see if he can change the way consumers view buying cars online through this venture Cazoo. They’ve been making huge strides, recently raising £240m. In 2 years they have raised £450m valuing their company at £2Bn. They are the fastest-ever UK start-up to hit a $1bn. I want to see how they compare to existing car retail companies and why exactly investors are flocking to them. Does their customer experience hold up to the competition?
Why Am I Even Writing This?
I’ve been hustling for jobs or new business opportunities. Anything that pushes and intellectually stimulates me. The challenge is that the companies I’m most interested in don’t have an open position that fits my background and level of experience (Wide range of experience growing businesses. Dealing with nearly every area you can think of. In the car sales and car parts sectors. Both e-commerce and traditional business sides too.) As part of my hustle, I’ve been setting up meetings with people I would consider successful in the industry. Those who have positions related to where I’d love to work at.
I can spot weaknesses in companies and know how to implement changes so the company grows.
I have created a few outlines showing people some ideas on how I could add value to their business and transform their operations. This blog post is just one idea I had to prove that I can add value.
In this post I have focused on discussing Cazoo, since it’s a company I’ve determined I would really like to work with.
Key Areas of Focus
The way I will be going about this analysis of Cazoo is by choosing certain key areas I feel should be the staple of any super successful online car retail business.
- Money Back Guarantee
- Test Drives
- Online Search Capabilities
- Vehicle Documents
- Content Marketing
- Brand Cohesion
- Home Delivery
Comparing The Best Companies
In order to truly understand how Cazoo operate and how they will fare in the marketplace. I have gone ahead and ran an analysis of the very best businesses involved in car retail. See the chapters below for the full detailed analysis of each company.
- Top 5 UK Car Dealer Groups (by revenue)
- The largest USA online car retail start-ups
- The largest car classified ad companies in the UK
- Online focussed car retail start-ups in the UK
- Well known car supermarkets in the UK