11:56 am, February 11, 2011
SUPERMARKET giant Tesco is planning an imminent assault on the used car market in the UK, Car Dealer understands.
A source has told us that the conglomerate plans to sell hundreds of thousands of used cars a year – aged between one and four years old – via a website similar in style to Autoquake.
‘The sole aim of this will be for Tesco to up-sell its finance and insurance products to buyers of these used cars,’ said our source. ‘It’s likely they’ll make very little on each sale but instead use it to make lots of revenue from their financial arm.’
So far Tesco has made no comment.
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