Portfolio Building Key to Certified Success, Says Top Dealers
At the CPO Forum held this week in San Diego, three top CPO dealers discussed how their dealerships found success in the midst of a recession and extremely low volumes available at auction, stressing importance of a strong client database.
Ford Microvan C-Max Coming to U.S. from Europe in 2011
Ford is re-entering the U.S. small van market with its extended version of the C-Max microvan in 2011. The Grand C-Max is part of Ford's global strategy to sell common vehicles globally instead of to regional markets.
Jennifer Costabile to Head GM Remarketing, CPO Operations
25-year GM veteran Jennifer Costabile has been named to lead the automaker's remarketing and CPO activities as well as marketing for fleet and commercial sales. Costabile has served in a variety of leadership roles throughout the U.S. and GM.
KAR Boss Sees Uptick in Used Market if SAAR Exceeds 12 Million
KAR Auction Services CEO Jim Hallett expects organic growth at six new acquired properties just by hanging out the ADESA shingle. He also says a new facility in Las Vegas will start paying off quicker than normal because of existing resources.
Trio of Automakers Leap Forward in CPO Sales
October 2010 certified pre-owned sales showed double-digit improvement over 2009, with 141,651 CPO units sold and a gain of 23 percent year-over-year, according to Autodata Corp, with 1.37 million vehicles moved Jan-Oct up 4.8 percent over 2009.
