AutoNews Now: Price-fixing payouts for dealersNov. 13
OFF LEASE, ON THE LOTOct. 23
As profit margins for new vehicles shrink, dealerships are looking to make more money from selling used cars and trucks. The number of U.S. vehicles coming off lease represents a treasure trove of potential inventory.
'Suspense thriller': CPO record sales string in perilAug. 28
CPO sales flat year-over-yearMay 29
Millennials may be fertile market for CPOApril 22
First Shift: GM's Q4 earnings, margins slipFeb. 7
CPO sales poised for another record in '17Jan. 30
CPO buyers stay loyal, study findsJan. 6
CPO has room to grow, but awareness lagsNov. 21, 2016
Off-lease vehicle volume is growing faster than CPO sales, leaving room for those sales to grow, remarketing analysts say. But they add that greater consumer awareness of certified programs is needed for those sales to reach their potential.
Beepi's new service will buy older carsSept. 26, 2016
Beepi, an online used-car marketplace that competes with dealerships, is looking to expand into older used cars. The new service, called Beepi Blue, will buy those cars from private individuals and sell them at wholesale auctions.
Industry-trouncing Kia expects big boost in CPOSept. 26, 2016
Kia expects to sell 75,000 CPO units this year. More off-lease vehicles, more CPO listings online and more full-time CPO reps calling on dealers can make that happen, said Kia's manager of CPO and remarketing.