30/10/2022
Remember Cazoo?
This was the company promising to remove car dealers from the market by selling cars online, like you would buy a TV or a sofa.
When they hit the markets in December 2020 the investors went mad, some who invested at the start made around 20% on their investments by only February 2021.
Madness, incredible - representing a 120% per annum return - what a promising business!
If I put £10,000 in, within a year it could be £22,000 because this is surely the future…
So in reality, say you invested £10,000 at the start. Any idea what it would be worth today?
*£274.*
Yep, £274 plus a few pennies. That’s MINUS - £9,726.
THIS, represents exactly why doing what we do, and doing it properly, adds tangible and credible value for our customers.
In a digital world, we want people, we want face to face honesty, and we want value for our hard earned money.
For this reason, long shall live and thrive the customer facing industries - such as the humble car dealership.
We look forward to welcoming customers both old and new, to show why we add value.
Happy Sunday evening.
