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Evening Standard
Evening Standard
Business
Simon Hunt

Cazoo sales hit £250 million despite turbulence

Cazoo Alex Chesterman SPAC United States

Cazoo was listed in New York via a special purpose acquisition company or SPAC, in 2021 for $8 billion.

(Picture: Cazoo)

Online used car retailer Cazoo has seen its quarterly revenues top £250 million for the first time as it faced off challenging market conditions and a decline in consumer spending.

The UK start-up, founded by serial entrepreneur Alex Chesterman, sold 19,700 cars in the first quarter of 2022, more than double what it did this time last year. Wholesale vehicle sales tripled to 6,460.

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