Cadillac Upgrades CPO Program to be More Competitive in Market

Cadillac’s Certified Pre-Owned program is going through improvement, including vehicle offering a new bumper-to-bumper warranty for up to six years or 70,000 miles – whichever comes first. Cadillac Certified Pre-Owned vehicle owners will also be offered complimentary 24-hour roadside assistance, courtesy transportation along with a three-month subscription to OnStar, and SiriusXM Satellite Radio. Also, most […]

 

April Used Vehicle Price Performance Depends on Who You Ask

While overall used vehicle prices were down in April, for the sought-after late-model cars on lots at dealers affiliated with a major automaker, the average retail price was down a scant 0.5% in the first quarter from the quarter a year ago, says Edmunds.com. Prices are “edging downward (but) they are still pretty high,” says […]

 

Off-Lease Sales Helped by Certified Pre-Owned Popularity, Edmunds.com Says

As Autodata has been reporting for quite a while, certified pre-owned (CPO) vehicle sales are surging. A new report from Edmunds.com sees it becoming more popular than ever – 21% of all used vehicle sales in the US, the largest share ever. The report, which evaluates the landscape of America’s used car market through the […]

 

Art Spinella on Must Replace Sales in Decline

Art Spinella President CNW Research “Must Replace” used vehicle purchases are down with much of industry growth leaning now to “Add On” sales to people who are buying a vehicle for personal rather than purely transportation reasons. Must Replace has grown about 3% this year – slowest year-over year growth since 2006 when it was […]

 

Wholesale and Retail Used Vehicle Sales Down in April

Tom Kontos Executive Vice President & Chief Economist ADESA Analytical Services Softening of the wholesale used vehicle sales and pricing environment stayed on course – rising seasonally but falling annually in April. It was similar to market conditions in March. Retail sales also were down year-over-year for the first time this year. Dealers were still […]