Tesco to sell Used Cars

Tesco to sell Used cars

Tesco are planning to sell hundreds of thousands of used cars using a model similar to Autoquake’s, at small margins with upsold financial services.

Last time we looked, Tesco had broken the £1 billion a week sales barrier. It accounts for something daft like one pound in seven spent in the UK. And we worry about Murdoch?

Having decimated our high streets by finishing off all the grocers, greengrocers, fishmongers, butchers… as we became used to the one-stop shopping experience, Tesco now seem intent on gaining a stranglehold in every area we spend money.

From an attack on the ‘Stuff’ market with Tesco Direct; a plan to quash the last vestiges of local shops by expanding massively their ‘Local’ One-Stop shops; destroying Estate Agents with plans to sell houses and challenging the banks and insurance companies with financial services, Tesco are on a world domination plan.

And it’s a plan we’re all seemingly happy with. Tesco are picking on aspects of business away from their core seemingly by choosing the least popular sectors. Who’s going to care if they stuff the banks? We’d all love Estate Agents to go bust, wouldn’t we? Tesco must be better to deal with than an Insurance Company, surely? And what else do we think is run by wide-boys? Car dealers, of course.

So that seems to be Tesco’s next target. Sell hundreds of thousands of used cars every year with a business model based on Autoquake. Make minuscule margins on every car sold and recover the profit by upselling financial products. Brilliant, we have to admit. And the public will love it.

They’ll love it until Tesco is suddenly taking one pound in every two we spend. And then watch prices go up. There are other factors in play with food price rises in the last few years, but a lack of competition to the big supermarkets is a part of it. Imagine that scenario with banking, houses, insurance, cars… Doesn’t bare thinking about.

And we’re rampant capitalists.