Costco Wholesale Corporation (NASDAQ: COST) has been in the car sales business for years. It occasionally runs the equivalent of a “sale”. The most recent sale promotes many of the models in the Chevy lineup, and niche cars made by small and troubled Volvo.
The Costco Auto Program is available to the big-box retailer’s members. Unlike most other retailers, Costco charges customers for the privilege to shop in its stores. The program sets prearranged prices with manufacturers, which in theory saves Costco members money. The plan covers new and pre-owned cars. Its car maker partners have to be thrilled with the results. Last year, members bought over 600,000 vehicles via the plan.
Costco said it picked Volvo and Chevy because they are the most popular cars in their classes. The Volvo XC90 falls into the luxury SUV category. The Chevrolet Silverado is the top