- Costco sold more than 650,000 cars through its auto program in 2018, an increase of more than 25% from its 2017 sales figures.
- The retailer has a major perk that traditional car dealerships lack: fixed prices, negotiated by Costco Auto Program employees.
- While Costco does not make any money on the auto sales, the retailer is growing the program as a way to attract new members and maintain existing members’ interest.
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Costco is selling more cars than ever before.
Costco members purchased more than 650,000 cars through the Costco Auto Program in 2018. That’s an increase of more than 25% from 2017, when the program sold 520,000 vehicles.
Costco’s auto business has quietly skyrocketed over the past decade. In…