Wal-Mart to Experiment with Used-Car Business
LITTLE ROCK, Ark. - Wal-Mart shoppers in Houston might soon be able to bank, get their hair done, buy groceries, and even purchase a car, all in one location.
Wal-Mart spokesman Jay Allen today said that the retailer is planning to lease property adjacent to five of its stores in the Houston area to a Connecticut-based car sales company for six months, The Associated Press reports.
Wal-Mart and Asbury Automotive Inc. will then evaluate the program, Allen said. Wal-Mart's role will be to lease the property and help Asbury Automotive develop the program.
The companies will announce later which five Wal-Mart locations in Texas will be the first to open the Price 1 Auto Stores. The store name refers to the "no haggle" set price for each vehicle, Allen said.
Each lot will have an assortment of 60 to 100 foreign and domestic cars, pickup trucks and sport utility vehicles, according to the AP.
Advertising would be minimal and consist of posters in area stores, Allen said. "The whole idea is with Wal-Mart's traffic, you don't need to do much advertising," he said.
Wal-Mart spokesman Jay Allen today said that the retailer is planning to lease property adjacent to five of its stores in the Houston area to a Connecticut-based car sales company for six months, The Associated Press reports.
Wal-Mart and Asbury Automotive Inc. will then evaluate the program, Allen said. Wal-Mart's role will be to lease the property and help Asbury Automotive develop the program.
The companies will announce later which five Wal-Mart locations in Texas will be the first to open the Price 1 Auto Stores. The store name refers to the "no haggle" set price for each vehicle, Allen said.
Each lot will have an assortment of 60 to 100 foreign and domestic cars, pickup trucks and sport utility vehicles, according to the AP.
Advertising would be minimal and consist of posters in area stores, Allen said. "The whole idea is with Wal-Mart's traffic, you don't need to do much advertising," he said.