Tesco closes second-hand car business

Tesco's chief executive Philip Clarke has closed its second-hand online car business after a year of trading to concentrate on the retailer's core business.

Tesco Cars: second-hand site shuts down
Tesco Cars: second-hand site shuts down

Tesco launched the joint venture with Carsite to great fanfare a year ago and held a 25% stake.

The website offered thousands of used cars for sale. It is thought that Tesco was unhappy with the supply of second hand cars.

Another part of the Tesco empire, Tesco Home Services, which offered handyman services, has also closed.

Tesco's website 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.

The closure comes at a difficult time for Tesco, which issued its first profit warning in January.

The business has also recently parted with UK boss Richard Brasher.

Follow John Reynolds on Twitter @johnreynolds10

Subscribe to Campaign from just £57 per quarter

Includes weekly and quarterly print issues, plus unrestricted online access.


Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
BBH deputy ECD Caroline Pay exits

1 BBH deputy ECD Caroline Pay exits

Bartle Bogle Hegarty has parted company with its deputy executive creative director Caroline Pay and has promoted Ian Heartfield, creative managing partner, and Anthony Austin, chief executive of Black Sheep Studios, to take over as joint deputy ECDs.

Agencies' anger at failure of Stronger In campaign

1 Agencies' anger at failure of Stronger In campaign

"We failed the country, we could and should have done better." So says one senior advertising executive involved in the Britain Stronger In Europe campaign.

Just published