Two good articles from the last few days discussing how the automotive sector is evolving in response to recent new entrants Cazoo and Cinch.
The first describes the challenge to the ‘traditional’ used car providers.
The second describes tactics to compete with that new challenge.
In my view, it’s important to look at other sectors where very well funded new entrants are prepared to play the long game. They are prepared to lose money for a substantial length of time, confident of big profits when they hit scale.