Is Tesco about to sell used cars?

Time 11:56 am, February 11, 2011

online-shoppingSUPERMARKET 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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James Baggott's avatar

James is the founder and editor-in-chief of Car Dealer Magazine, and CEO of parent company Baize Group. James has been a motoring journalist for more than 20 years writing about cars and the car industry.

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