Fleet News

Tesco Cars closes

Tesco Cars has shut up shop exactly one year after launching its car retailing service on the back of the established Carsite.co.uk infrastructure.

The supermarket giant said: “We started Tesco Cars in good faith and we always aim to do a good job for customers.

"However, following a review of the business model we and Carsite, our partner, have decided that we cannot offer customers a satisfactory range of vehicles and as a result, have decided it is right to close the business.”

When it launched Tesco Cars in April 2011, it said it would be advertising up to 3,000 cars every week with fresh stock added to the website daily, offering a range of models between six months and three years old.

However, it now appears it was unable to source the stock required to make the division a success, especially considering the dearth of used cars in the market.
 


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Comments

  • Patriot - 03/04/2012 22:12

    Tesco's attempt to enter the used car sales market was bound to fail.Their business model was flawed from day 1. Stick to groceries is my advice,it is what they do best.

  • LINGsCARS.com - 04/04/2012 10:29

    Surely someone can find a successful online method to sell cars?... that is profitable and that customers love?... oh, ahem :) That's me :) Ling

  • devon - 04/04/2012 10:35

    Ling, your self promotion is, as always interesting to read. However you miss the point in your 'advert/comment'.....Tesco was trying to sell Used cars like a large UC retailer. I am not sure this is your business?

  • John Deeley - 18/03/2016 16:21

    Complete joke! funny when they closed the business they had cars of a stock value of 2 Million pounds. The people who lost out were the companies who provided them with the services. Tesco could of and should of traded out their position instead of pulling the funding from Carsite Ltd and making the said company go into administration owing smaller companies lots of money and then paying them back a proportion of the debt.

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