A glut has used-car depreciation accelerating

Re:A glut has used-car depreciation accelerating by aianus on Wednesday August 23, 2017 @12:24AM (#15078510)

Costco is 20% cheaper than all other stations in Toronto. So either Costco is selling at a loss (unlikely) or there's plenty of profit in gas for gas stations.

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Re:A glut has used-car depreciation accelerating by kspaans on Wednesday August 23, 2017 @02:42AM (#15079075)

Given that you have to pay an annual membership fee to get access to that gas, it's likely subsidized by the fee and used as a loss-leader to bring people to shop at Costco.

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Re:A glut has used-car depreciation accelerating by Baeocystin on Wednesday August 23, 2017 @03:36AM (#15079379)

Costco does not subsidize its gas sales. It makes money from them:

https://www.fastcompany.com/60019/tiger-costcos-tank

It's an older link, but they still do much the same. There have been court cases brought against them by consortiums of other gas stations here and there, but AFAIK Costco has emerged victorious so far.

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Re:A glut has used-car depreciation accelerating by colejohnson66 on Wednesday August 23, 2017 @01:23AM (#15078715)

Or they buy a lot in bulk when the price is low.

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