Tesco cars, launched in April last year, has ceased business after the company claimed it could not offer a satisfactory range of cars to customers.
The site, a joint venture with Carsite, was hoping to advertise around 3,000 cars a month when it first went live last year.
According to reports, however, the site was selling just 150 cars a month and has now stopped trading following a review by the two companies as it failed to secure a decent supply of cars.
The cars were meant to be sourced from fleet and lease companies, with a range of different models including people-carriers, large saloons and small hatchback models. Tesco also offered finance, insurance and car servicing via 1,000 independent garages while an incentive of 2,000 clubcard points were available.
The closure means that you can no longer buy cars from the site. If you have pre-ordered a car then you have the choice of a refund of the £99 handling fee or continuing with the purchase, as long the cars is in stock.
Customers who have already paid for their car, and have a handover/deliver date, then the sale can be completed. If you have cancelled the order, then costs like the £149 delivery charge will be refunded.
At the same time, if the buyer is not satisfied with the car the seven-day return guarantee is still valid. Anyone that already owns a car bought through the site will still be covered by the warranty as this is provided by a separate company.
If any customers do have any problems than they can call the company on 0800 072 3627.
