Miami startup lands deal with Wal-Mart to sell cars


Miami-based startup CarSaver has landed a deal with Wal-Mart that will pilot its online platform through on-site kiosks at about 25 Wal-Mart (NYSE: WMT) stores.

Starting April 1, shoppers at Houston, Dallas, Phoenix and Oklahoma City Wal-Marts will be able to choose, finance and insure a car at “CarSaver Center” kiosks. The program — Wal-Mart’s official foray into the auto industry — also partners with Fort Lauderdale-based AutoNation (NYSE: AN), one of the country’s largest new-car retailers as a dealer, and Detroit-based Ally Financial (NYSE: ALLY), the program’s preferred lender.