Used electric vehicle prices in the UK have fallen sharply, dropping by around £14,000 in just three years as cheaper Chinese models flood the market.
Online car dealership Cazoo has brought in administrators.
Cazoo has entered administration after the once-prominent British tech unicorn succumbed to insolvency, jeopardizing over 200 jobs.
Used car dealer Cazoo is on the brink of administration.
The online car retailer Cazoo faces insolvency after its failure to obtain emergency funds. Share Talk reported in February that Cazoo was desperately seeking financial support as it plunges deeper
Used car dealer Cazoo is searching for a financial rescue to avoid bankruptcy.
The struggling used car giant Cazoo is desperately seeking financial support as it plunges deeper into a fiscal emergency.
Cazoo founder resigns after 97pc’s collapse in value
Cazoo, an online dealer of used cars, has announced that Alex Chesterman, its founder, will be stepping down as chief executive following a collapse in share prices of 97pc.