Costco Auto Program aims to partner with automakers to offer more promotions on used vehicles as new-vehicle availability remains limited.
For years, retailer Costco's auto program has worked with several automakers to offer incentives on new cars and trucks to Costco members through a network of more than 3,000 participating franchised dealerships.
In August and September, Costco Auto Program offered a $1,250 discount with Volvo on that brand's certified preowned 2019, 2020 and 2021 XC60 and XC90 vehicles. It marks the "first time an OEM has participated and marketed their CPO offerings" through the program, said Jay Maxwell, the program's general manager of strategic partnerships.
The Costco Auto Program has been trying to land such a CPO partnership for years. A Costco executive told Automotive News in 2019 that talks were ongoing with several automakers about using the program to drive sales of certified and incoming off-lease vehicles.