CPO Sales Up But Have Room to Run
Cox says expanded eligibility results not yet fully manifested.
Cox says expanded eligibility results not yet fully manifested.
The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
The Dealership Advantage Program is a vehicle merchandising and protection package designed to help dealers present fresher, more appealing inventory and deliver a better customer experience.
The new offering places two years of unlimited mileage warranty coverage on the hoods of all vehicles sold under the Officine Maserati Certified Pre-Owned program. Buyers also get a free three-month trial of SiriusXM.
Wholesale used-vehicle prices in January averaged $10,945, a 6.7% increase from a year ago and a 2.8% rise from the prior month, according to ADESA Analytical Services.
Particularly hard hit in September were mid-size cars, while the luxury car segment experienced a nice bounce in its average wholesale price, according to ADESA Chief Economist Tom Kontos. Mini-vans also experienced solid price growth during the month.
Town & Country Ford has become the exclusive Motor Trend Certified Dealer in Evansville, Ind.
As of April 17, First Acura has become the exclusive Motor Trend-certified dealer in Seekonk, Mass.
Sales of certified pre-owned vehicles hit an all-time high of 2.3 million units sold in 2014, according to the latest Used Vehicle Market Report from Edmunds.com.
Bob Wade Autoworld has become the exclusive MOTOR TREND Certified Dealer in Harrisonburg, Va.
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