After just one year, Tesco closes second-hand car website
You'd be forgiven for thinking that everything Tesco touches, turns into vast profit. However, this slop of news shows that they're utterly hopeless sometimes. Basically, after just a year of trading, the supermarket monster has decided to close down their second-hand car website.
Tesco have said the site had come to the end of the road (geddit?) after it “couldn’t procure a good supply of cars”. Ah see? It wasn't Tesco's fault. They're brilliant but no-one wanted to give them nice things to sell.
A source behind the Tesco Cars launch said that, at the back end of last year, Tesco was selling just 150 vehicles a month, adding there were “clearly not enough customers”. Tesco are refuting this claim and saying that the problem actually stems from the supply of cars, not a lack of customers.
This comes on the back of other woes for the retail behemoth who, after a shock profits warning in January, wiped nearly £5bn off their shares. Heads needed to roll which saw director Richard Brasher being handed his P45.
Tesco Cars was launched last April after the retailer bought the Carsite dealership. The industry source told Car Dealer magazine: “There clearly was not enough customers. At the back end of last year Tesco were selling just 150 cars a month. Well, when it was Carsite it was 125 cars a month so the Tesco branding was hardly helping to sell more cars, was it?”
Should Tesco stick to offering us our weekly shopping instead of trying to get a finger in every single pie?