For the second consecutive year, drivers agree that Costco is good for more than buying a year’s supply of hummus and multivitamins in one trip.
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If you need another reason to buy a Costco membership (as if supersized quantities of products wasn’t enough), here’s one more: members will save 15 percent discount on parts, labor and accessories when they have vehicles serviced at participating auto dealerships.
This just isn’t a great deal for members – dealers will have access to 44 million members who, in 2010, bought more than 250,000 new and certified used vehicles through Costco.
“It’s an adjunct to the certified pre-owned business,” said Jim Newbery, executive vice president of Costco’s auto program. “Those cars from the get-go have mileage on them, so you’re not talking about just doing warranty work. There is immediate business. When cars are new or used you have the accessories business. Our members come first but we want the dealer to increase his revenue opportunity.”
Costco has offered no-haggle, new-vehicle prices with participating dealerships for its members since 1989, and in 2008, factory-certified used vehicles were added to its auto arsenal. In total, Costco’s auto program includes 2,500 dealerships, with around 50 percent of them taking part in the new parts and service discount plan. You can expect that number to include all of the dealerships by the end of 2012.
Would you buy a Costco membership to take advantage of this new deal? And if you already have a membership, are you going to use this service? Let us know in the comments section below.
[Source: Automotive News]
You’ve probably heard of Costco members getting incentives to buy new vehicles at dealers on your local radio. However, one automaker; General Motors is taking things a step further, teaming up with the wholesale giant to sell select Chevy/GMC pickups and SUVs through a number of authorized retailers for a no haggle “preferred price.”
In addition, eligible buyers will also receive a $500 Costco Cash Card for further savings on the price of a new truck. As part of the program, GM will display vehicles at Costco outlets across the country, which according to a company spokesman for the General; Jim Cain, enables the automaker to “reach people in a unique setting outside of a dealership.”
The “preferred” price actually varies from vehicle to vehicle, though according to Cain, will be similar to incentives offered to employees of GM suppliers, who currently receive discounts on new cars and trucks.
Eligible vehicles in the Costco program include the 2011/2012 Chevy Silverado, Tahoe and Surburan as well as the Traverse, plus their GMC equivalents, Sierra; Yukon, Yukon XL and Acadia.
In order to participate, Costco members have to register online with the Costco Auto Program or call a special phone number. They must also complete surveys and redemption forms after purchasing a vehicle in order to receive the $500 Cash Card.
[Source: Automotive News]
Costco is one of the great wonders of our society, enabling the average consumer to buy massive quantities of everything from hand lotion to olive oil to alcohol. At some point, company execs decided to expand the Costco business model – to include cars.
An astute poster on VWVortex discovered that one of the cars being offered by the chain was none other than the Hyundai Genesis luxury sedan. Poster “adrew” of Forth Worth, Texas, found that the car was being offered in his area for about $29,000, a significant discount from the MSRP of $33,000. Just think, not only will you be able to get a Korean luxury car (already a bargain of a price) at an eve bigger bargain, but just think of the story you’ll be able to tell your friends and family: “Guess what? I bought a Korean luxury car from Costco.” Then again, you might want to think twice, as you’re sure to be met with the nauseating yet obligatory “Did you buy it in bulk” jokes.