Used car dealership Cazoo is on the hunt for a buyer as it verges on administration in light of major cash flow challenges.

UK online used car platform Cazoo has announced a strategic shift towards a pure-play automotive marketplace business model. The move is set to capitalise on the company's e-commerce technology ...

The move comes as the company cut its sales forecasts for 2023 from about 65,000 used cars sold in 2022 to just 40,000 this year. Cazoo founder and chief executive Alex Chesterman said despite ...