The UK’s biggest retailer Tesco has launched a new website selling used cars, the company confirmed today.
Tescocars.com will advertise up to 3,000 vehicles every week with fresh stock added to the website daily, with money spent on the site earning Tesco customers up to 2,000 Clubcard points.
Each car is guaranteed to have undergone a RAC check before sale and Tesco is working with 1,000 independent garages to offer after-purchase servicing work.
Andrew Higginson, CEO of Retailing Services at Tesco, said: “Trust, value and service are at the heart of the Tesco Cars experience.
“We are offering a wide choice of the most popular models– from small hatchbacks to executive saloons to family-sized MPVs. Each and every vehicle will have passed a 167-point RAC inspection.
“By supplying directly to customers, there is no middle man, no expensive showroom and no salespeople on commission.”
Today’s announcement marks the first new market explored by Tesco since Philip Clarke became Group CEO last month.
After previously moving into mobile, banking and fuel services and operating in such diverse industries as film-making and music producing, moving into used car selling looks set to further increase Tesco’s dominance of Britain’s consumer sector.
Customers of Tescocars.com will be offered insurance, loans and breakdown cover through Tesco’s financial services at the point-of-sale and bought vehicles can be delivered directly to people’s homes.
Sir Trevor Chinn, Chairman of Tesco Cars, added: ‘Consumers want to know they can trust the information supplied about a used car, that they are getting value for money and good customer service.
“Importantly they also want to be able to take their time to make the right purchase for them. We are delivering a positive new experience for today’s car buyer.”
Recent results from The Co-operative, Sainsbury’s and Morrisons have shown how difficult Tesco’s primary business the grocery market is at present, however recent Kantar Worldpanel data showed that the retailer still holds over 30 per cent of that market.