Costco members can get discounts on new and used cars at participating dealerships via its auto program.
that Costco is expecting used-cars sales through the program to double by 2020. This portion of its business is already achieving rapid growth. In 2018, it sold 104,000 used vehicles, which was a 57% increase from the year before.
"We've had a high concentration of interest from OEMs in the last 14 to 16 months and are currently working through several initiatives with multiple OEMs," Borg said in an emailed statement to Business Insider."If everything goes as planned, we do expect these initiatives to have a tremendous impact on Select Pre-Owned and Certified Pre-Owned sales."
While Costco doesn't currently make money on each individual sale, it does charge dealerships an administrative fee to be included in the program. The biggest perk for members is that the prices are fixed and they don't have to worry about bargaining to get the best deal.Amazon hints that it may return to the smartphone market after its $170 million Fire phone fiasco
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