Tesco to sell cars in the future ?
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Tesco is dipping its toe in the new car retail business with a leasing service for its employees.
Tesco Cars was launched as a pilot website last week and marks the latest stage of the supermarket giant’s handle on the services industry, where it already sells finance, insurance and warranty.
Tesco employees will be able to lease cars over a two to four year period, gaining 1,000 Tesco club card points for each year of the lease.
Cars, sourced from dealers across the UK, will be delivered to employees’ doors in the same way as Tesco delivers its groceries.
The leasing service is handled by Lombard Vehicle Management, which is part of the Royal Bank of Scotland Group.
A spokesman from Lombard Vehicle Management said: “It’s in its embryonic stage at the moment.
It will be piloted to a very select number of Tesco’s 300,000 UK employees before it goes live next year.
“Going live with the public market is not on the agenda at this stage.”
Tesco recently bought itself out of its personal finance joint venture with RBS for £950 million.
It revealed that it expects to make £1 billion from services this year, up from last year’s £400 million.
Sir Terry Leahy, Tesco chief executive, recently hinted at the retail giant’s future growth areas, saying: “Services are bigger and faster-growing markets than food.”
Tesco was looking at entering the online car retail market back in 2000, with plans at an advanced stage.
However, the idea was abandoned in the wake of the Block Exemption review in 2002.
Tesco is dipping its toe in the new car retail business with a leasing service for its employees.
Tesco Cars was launched as a pilot website last week and marks the latest stage of the supermarket giant’s handle on the services industry, where it already sells finance, insurance and warranty.
Tesco employees will be able to lease cars over a two to four year period, gaining 1,000 Tesco club card points for each year of the lease.
Cars, sourced from dealers across the UK, will be delivered to employees’ doors in the same way as Tesco delivers its groceries.
The leasing service is handled by Lombard Vehicle Management, which is part of the Royal Bank of Scotland Group.
A spokesman from Lombard Vehicle Management said: “It’s in its embryonic stage at the moment.
It will be piloted to a very select number of Tesco’s 300,000 UK employees before it goes live next year.
“Going live with the public market is not on the agenda at this stage.”
Tesco recently bought itself out of its personal finance joint venture with RBS for £950 million.
It revealed that it expects to make £1 billion from services this year, up from last year’s £400 million.
Sir Terry Leahy, Tesco chief executive, recently hinted at the retail giant’s future growth areas, saying: “Services are bigger and faster-growing markets than food.”
Tesco was looking at entering the online car retail market back in 2000, with plans at an advanced stage.
However, the idea was abandoned in the wake of the Block Exemption review in 2002.
Why support Tesco??
Because of the destruction they have brought on society in this country.
Our culture is based around 24hr/7day shopping. Tesco was the leading protagonist in getting the govt to allow 24/7 deregulation, dragging J.Sainsbury along kicking and screaming behind.
It now means that we don't have Sunday dinners properly, we have to put up with poxy football, or going down to the local retail park on a sunday when we should be at the circuit watching some motor racing, or sitting in front of our three television channels inspecting our eyelids after a gutfull of roast beef, and a few pints down the local.
It also means that Saturday afternoon, once the bastion of men doing DIY/gardening/car tinkering/down the pub, is now taken up with flying around the shopping centre looking for something that we don't need.
Bring back the old rules. Shops closed on Saturday afternoons & Sundays. No 24/7 supermarkets.
It could save the planet, oh yes, their lights would be off, the power saving would be enormous, and we'd all live happily ever after. You know I'm right!
Because of the destruction they have brought on society in this country.
Our culture is based around 24hr/7day shopping. Tesco was the leading protagonist in getting the govt to allow 24/7 deregulation, dragging J.Sainsbury along kicking and screaming behind.
It now means that we don't have Sunday dinners properly, we have to put up with poxy football, or going down to the local retail park on a sunday when we should be at the circuit watching some motor racing, or sitting in front of our three television channels inspecting our eyelids after a gutfull of roast beef, and a few pints down the local.
It also means that Saturday afternoon, once the bastion of men doing DIY/gardening/car tinkering/down the pub, is now taken up with flying around the shopping centre looking for something that we don't need.
Bring back the old rules. Shops closed on Saturday afternoons & Sundays. No 24/7 supermarkets.
It could save the planet, oh yes, their lights would be off, the power saving would be enormous, and we'd all live happily ever after. You know I'm right!
thunderbelmont said:
Why support Tesco??
Bring back the old rules. Shops closed on Saturday afternoons & Sundays. No 24/7 supermarkets.
Oh dear.Bring back the old rules. Shops closed on Saturday afternoons & Sundays. No 24/7 supermarkets.
Well were now in a working environment where we are (well me at least leaves the house at 6am and dont get beck home until gone 8pm), only in emergencies do we go shopping on an evening as basically I want to eat & have some relaxing time during the day.
Sat & Sunday are the only days where I can have any sort of sleep in. If you plan to go out for a day out on the Sat (which we do do) then by your principles I'd just run out of food & I couldnt go out on the Sunday as everything would be shut.
No thanks.
Welshbeef said:
Not sure why so many people are against Tesco it is a british company which has been very shrewed.
Rule 1: Never buy anything from any company thatis #1 in it's marketplace.
Buy from #1 and you exacerbate their #1 position.
Much better to encourage competition by buying
from #2 or #3.
So don't buy from Tescos, get from Asda or Sainsburys.
Similar, don't buy Intel, buy AMD.
Plenty of other examples in other marketplaces.
dcb said:
Welshbeef said:
Not sure why so many people are against Tesco it is a british company which has been very shrewed.
Rule 1: Never buy anything from any company thatis #1 in it's marketplace.
Buy from #1 and you exacerbate their #1 position.
Much better to encourage competition by buying
from #2 or #3.
So don't buy from Tescos, get from Asda or Sainsburys.
Similar, don't buy Intel, buy AMD.
Plenty of other examples in other marketplaces.
thunderbelmont said:
Why support Tesco??
Because of the destruction they have brought on society in this country.
Our culture is based around 24hr/7day shopping. Tesco was the leading protagonist in getting the govt to allow 24/7 deregulation, dragging J.Sainsbury along kicking and screaming behind.
It now means that we don't have Sunday dinners properly, we have to put up with poxy football, or going down to the local retail park on a sunday when we should be at the circuit watching some motor racing, or sitting in front of our three television channels inspecting our eyelids after a gutfull of roast beef, and a few pints down the local.
It also means that Saturday afternoon, once the bastion of men doing DIY/gardening/car tinkering/down the pub, is now taken up with flying around the shopping centre looking for something that we don't need.
Bring back the old rules. Shops closed on Saturday afternoons & Sundays. No 24/7 supermarkets.
It could save the planet, oh yes, their lights would be off, the power saving would be enormous, and we'd all live happily ever after. You know I'm right!
This is incorrect.Because of the destruction they have brought on society in this country.
Our culture is based around 24hr/7day shopping. Tesco was the leading protagonist in getting the govt to allow 24/7 deregulation, dragging J.Sainsbury along kicking and screaming behind.
It now means that we don't have Sunday dinners properly, we have to put up with poxy football, or going down to the local retail park on a sunday when we should be at the circuit watching some motor racing, or sitting in front of our three television channels inspecting our eyelids after a gutfull of roast beef, and a few pints down the local.
It also means that Saturday afternoon, once the bastion of men doing DIY/gardening/car tinkering/down the pub, is now taken up with flying around the shopping centre looking for something that we don't need.
Bring back the old rules. Shops closed on Saturday afternoons & Sundays. No 24/7 supermarkets.
It could save the planet, oh yes, their lights would be off, the power saving would be enormous, and we'd all live happily ever after. You know I'm right!
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