The retail giant will start selling new and used vehicles via a partnership with auto-buying program CarSaver.
You might soon find yourself driving out of the Walmart parking lot with a trunk full of groceries in a brand-new car.
The retail giant has partnered with auto-buying program CarSaver to start selling new and used cars to consumers, Automotive News reports.
Walmart plans to roll out CarSaver’s online auto retail platform at 25 of its big-box stores beginning in April, Consumerist reports. Select Walmart stores in Houston, Dallas, Phoenix and Oklahoma City will also offer one-stop shopping for car purchases and financing through CarSaver.
The CarSaver platform allows a shopper to choose, finance and insure a vehicle through its website or a touch-screen kiosk. Automotive News explains how Walmart’s new car-buying program will work:
Customers will be able to select a new, used or certified pre-owned vehicle and apply for financing and auto insurance on the kiosk at the CarSaver Center, on their mobile device via CarSaver’s website or by calling an 800 number.
Then CarSaver will connect customers with an AutoNation dealership or other local dealership, where buyers can complete the purchasing paperwork and drive away in a new car. If a car deal is successful, the dealer will pay CarSaver a “success fee” of approximately $350.
According to Consumerist, Walmart tested the new car-buying program at one of its Florida stores in 2016. It was wildly successful.
“[Eighty] percent of appointments set by Walmart customers resulted in a sale that averaged more than $3,000 in savings for buyers,” Consumerist explains.
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