UCW panel offers insights on CPO trends, tactics
The Modern CPO Trends, Tactics for Optimal Profit panel at Used Car Week. Photo by Jonathan Fredin.
The Modern CPO Trends, Tactics for Optimal Profit panel at Used Car Week. Photo by Jonathan Fredin.
One thing that never changes in the used-car business is change. Which means dealers must always be ready to adapt.
That, of course, includes the certified pre-owned sector.
The supply of used vehicles suited for certification is shrinking. Costs have risen for both new and used cars, making affordability a critical issue for consumers. And the rise of used electric vehicles begs the question of how they can find a way into the CPO mix.
During Used Car Week 2024 in Scottsdale, Ariz., four industry experts assembled to discuss those issues, their effect on the CPO sector and ways dealers and other stakeholders can ...
October 29, 2026
Succession and post-retirement plans are a big part of the dealership buy-sell landscape. That played in two sales announced recently. Starting in New York, the Mangino family has sold its Chevrolet and Buick GMC stores to Georgica Auto Holdings, LLC, according to Dave Cantin Group, which advised the sellers on this transaction. Mangino Chevrolet in […]
Read More
October 29, 2026
Lithia & Driveway’s used-vehicle sales in the third quarter were a somewhat bright spot as new-vehicle sales showed some weakness. “In used vehicles, our pricing strategy continues to deliver,” chairman and CEO Bryan DeBoer said on group’s latest earnings call, “and it’s a great example of our ecosystem, technology and people all working together as […]
Read More
October 29, 2026
The revamp of Cars.com’s top-level executive team keeps evolving. The newest move came on Thursday when Cars.com appointed Mausam Bhatt as chief product officer, effective on Monday. Bhatt will join the company after it has already hired a new chief financial officer, who is set to start next Friday, as well as a new chief […]
Read More