new report from Cox Automotive<\/a>, CPO sales are up 9 percent, 112,799 units, from the first nine months of 2022.<\/p>\n\n\n\n\u201cClearly, CPO sales show demand is there, partly due to the affordability challenges that persist in the new market,\u201d said Chris Frey, senior manager of Economic and Industry Insights at Cox Automotive. \u201cThe only factor holding back CPO is limited supply.\u201d<\/p>\n\n\n\n
In September sales were up 14 percent from the same month in 2022, with 254,976 vehicles sold. That followed August\u2019s strong sales of approximately 266,000 CPO units sold.<\/p>\n\n\n\n
\u201cCPO sales over the last three months have been the highest in any month since July 2021,\u201d Frey said. \u201cWe are still waiting for the expanded eligibility programs noted earlier this year to fully bear fruit. Some brands have looked stronger recently, and those could be the early signs of success. At the same time, improving new-vehicle inventory levels and higher sales incentives are keeping some buyers in the new market \u2013 not in CPO.\u201d<\/p>\n\n\n\n
CPO sales are expected to remain strong through the end of the year. Cox has upgraded its forecast for CPO sales to finish at 2.7 million units.<\/p>\n\n\n\n
NIADA offers Certified 360 to help independent dealers take advantage of the CPO market and compete with the franchise dealers\u2019 programs.<\/p>\n\n\n\n
NIADA developed the program by working with the top administrators in the industry AUL, GWC Warranty, ProGuard and Southwest Dealer Services. NIADA also partnered with Carketa to provide a completed digital 200-point inspection to help dealers streamline their inspection process.<\/p>\n\n\n\n
\u201cWe put together highly respected administrators known for their claims and customer service experience,\u201d said Jeremy Beck, NIADA Vice President of Dealer Development. \u201cThey provide a level of confidence for the independent car shopper. These administrators are respected by dealers and known by customers.\u201d<\/p>\n\n\n\n
The program is easy to implement and affordable. The NIADA Certified 360 covers vehicles up to 10 years old with up to 125,000, offering three term and mileage offerings:<\/p>\n\n\n\n
\u2022 3 months or 3,000 miles for $199<\/p>\n\n\n\n
\u2022 6 months or 6,000 miles for $299<\/p>\n\n\n\n
\u2022 12 months or 12,000 miles for $399<\/p>\n\n\n\n
For information about the NIADA Certified 360 Program and connect with an administrator, visit niada.com\/certified-360.<\/p>\n","protected":false},"excerpt":{"rendered":"Certified pre-owned sales have topped 2 million units for the year. According to a new report from Cox…\n","protected":false},"author":1,"featured_media":3264,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[28,33,3],"tags":[],"class_list":{"0":"post-4336","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-independent","8":"category-cpo","9":"category-industry","10":"cs-entry","11":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=4336"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/3264"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=4336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=4336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=4336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}