British digital auto vertical Cazoo has agreed a long-term partnership with leasing company Ogilvie Fleet to give Cazoo access to vehicles 5,000 vehicles each year when they reach the end of their lease.

The agreement will see Cazoo provide Ogilvie with a range of services, including collections, inspections and technology solutions to help repair damaged vehicles and dispose of over 18,000 vehicles at the end of their contracts.

This will benefit Ogilvie by improving the technology experience customers receive, creating efficiencies for Ogilvie’s remarketing process and give Cazoo access to more cars to improve stock levels.

Earlier this week Cazoo announced the acquisition of Spanish car subscription marketplace Swipcar for €30 million, which supports its plans to expand into Spain and Italy.

“Our acquisitions of SMH Fleet Solutions & SFS have given us the nationwide infrastructure and expert team to offer a full end-to-end service to fleet owners across the UK,” said Cazoo CEO Alex Chesterman.

“This is a significant partnership for us and will see Cazoo handling a large number of vehicles during this long-term contract and we’re delighted to be working with Ogilvie Fleet.”

In September Cazoo announced its financial results for the first half of 2021 which revealed a £69 million adjusted EBITDA loss in the period. Earlier this month in the first accounts for Cazoo Holdings Ltd, the group reported a loss of £102.7 million ($138.6 million U.S.) for 2020.

“Our new relationship with Cazoo significantly enhances our customer and driver interactions with more streamlined processes, as well as many new add-in service benefits, such as Amazon-style delivery and collection notifications direct to a driver’s phone with live ETA’s.” said Gordon Stephen, Ogilvie Fleet’s MD.

 

 

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