Tesco to sell used cars
* Supermarket giant poised to enter used-car market * Thought to be online sales only * Already sells car insurance and tyres...
Tesco is poised to start selling used cars.
Although there are no firm details of how the supermarket giant plans to sell used cars, reports suggest it has registered the Tescocars.com domain name.
This may point towards Tesco selling cars solely online, giving it the ability to keep overheads low and sell cars at ultra-competitive prices.
However, it is is also possible it could be planning to link with a conventional dealer, or sell from supermarket sites.
Tesco has been active in the car market in recent years, selling car insurance as well as personal loans, and tying in with tyre seller Blackcircles.com.