The popularity of certified pre-owned (CPO) vehicles is at an all-time high, with 2014 marking the fourth consecutive year of sales growth. And the best news? Consumers are willing to pay a higher premium for the peace of mind CPO delivers. AutoTrader.com estimates that buyers will pay as much as $2,000 more per vehicle, or about 14%, based on the average used car sale price … [Read more...] about Double Your Used Car Profits With Late-Model CPO Inventory
If there is a bright spot in the economy these days, it’s the auto industry. Pent-up demand, lower interest rates, great product, and easing gas prices are driving consumers online and into showrooms, ramping up sales for dealers across the country. But it is not all sunshine—at least for new car dealers, who are feeling increasing pressure on margins … [Read more...] about Enter CPO, Bringing New Profits to All!
For years, buyers have come to know the term ‘As Is’ when it comes to the sale of a used car—and these two words can cover a multitude of vehicle sins. They also serve to instantly put the buyer on their guard. Not so long ago, ‘As Is’ was just the way it was for the used car dealer and the used car buyer, because there was no alternative. Then, along came OEM-sponsored CPO … [Read more...] about Like the Edsel, “As Is” Is No More