CPO

Nissan offers pre-owned LEAFs through Quebec EV incentive program

MONTREAL and MISSISSAUGA, Ontario - 

Nissan recently announced that as part of Quebec’s Drive Electric program, it will now offer select pre-owned Nissan LEAF vehicles for purchase or lease in the province, complete with a $4,000 provincial incentive.

Canadians can purchase a previously owned fully-electric vehicle and also take advantage of a provincial incentive for the first time, according to Nissan. The automaker said this new program signals “a giant leap forward in electric vehicle accessibility.”

“The Nissan LEAF Qualified Pre-Owned Program is another demonstration of Nissan's pledge to create intelligent mobility solutions, by broadening the accessibility and practicality of electric vehicles,” Nissan Canada president Joni Paiva said in a new release. “The Nissan LEAF Qualified Pre-Owned Program, matched with existing Nissan efforts to develop provincial infrastructure, will be instrumental in growing interest and acceptance toward the broad benefits of zero emission mobility. We look forward to continued growth of the EV market in Quebec.”

Nissan said to qualify for the program, the pre-owned LEAFs must be both registered outside of Quebec, and either from the 2013 or 2014 model year.

Vehicles coming from the U.S. will be modified to meet Canadian regulations. Changes include an added OEM harness for the daytime running lights, and a conversion of units to metric.

Certified Nissan LEAF dealers will also be swapping the 2.5L windshield washer fluid tank on the U.S.-sourced LEAFs for a 4.5L tank, according to Nissan.

Additionally, Nissan Canada Finance will offer qualifying customers a 3.99 percent lease rate on 36 months for the LEAF SV and LEAF SL, as well as a special loan program starting as low as 1.99 percent for both the SV and SL trims on 48- and 60-month terms.

“The Nissan LEAF Qualified Pre-Owned Program contributes to the Quebec government's objective of increasing the number of electric and plug-in hybrid vehicles in the province to 100,000 units by 2020,” Nissan added.

Quebec recently established a pilot project promoting the purchase of used-cars; a total of 1,000 rebates will be granted under the program until March 31, 2018, according to the government website. Click here for more information.

Note: Corrected to clarify headline. 

More automakers report April CPO sales

CARY, N.C. - 

BMW Canada’s pre-owned division, which includes both certified and non-certified used cars, had its strongest April ever, the company said. 

It moved 2,007 pre-owned vehicles for the month, pushing the year-to-date total to 7,018.

The year-to-date pace is up 11 percent from the first four months of 2016.

April followed what was the best-ever month for BMW Canada pre-owned sales, when the company moved 2,070 units for a 14-percent gain.

“Increased demand for pre-owned 3 series contributed to our strong growth in April,” said Robert Staffieri, national pre-owned manager at BMW Canada. “Our targeted Certified Pre-Owned 3 series marketing campaign is certainly resonating with consumers looking for a premium and worry-free driving experience.”

Over at Hyundai Auto Canada, which retooled its certified pre-owned program last year, there were 805 CPO sales in April. That’s up from 423 in the same month of 2016.

In four months, it has sold 2,619 CPO units, up from 1,497 a year ago.

As reported previously, Porsche had its best April ever for CPO sales in Canada, moving 179 vehicles. That’s up from 155 last April, which was the prior record. Through four months, Porsche has sold 599 certified vehicles, up from 522 last year.

Just before last month began, Porsche Cars Canada announced that as of March 1, all Porsche Approved Certified Pre-Owned vehicles and Extended Warranty programs sold from that day forward included unlimited mileage throughout the two-year term.

“We are confident that offering unlimited mileage coverage to our Porsche Approved Certified Pre-Owned vehicles and Extended Warranty will further increase the consideration of our quality products,” Porsche Cars Canada president and chief executive officer Alexander Pollich said in a news release.

“Drivers will continue to enjoy every kilometre travelled behind the wheel with this industry leading protection plan, regardless of distance travelled,” Pollich said.

Getting back to April results, there were 2,929 certified sales for the month at Toyota, pushing the year-to-date tally to 9,547. A year ago, Toyota sold 2,525 certified vehicles in April and had year-to-date sales of 7,221 CPO units.

Next up, Volkswagen’s CPO sales were down 1 percent year-over-year in April with 1,321 certified sales. But year-to-date sales through four months are up 1.3 percent at 4,957 units.

Mercedes-Benz reported 1,245 certified sales for the month, which was off 3.9 percent from last April. It reported 4,275 CPO sales in the first four months of 2017, which is up 4.2 percent year-over-year.

Volvo sold 161 certified vehicles last month (down 17.1 percent). Through four months, it has moved 650, a 10.5-percent increase.

 

Rundown of Canadian CPO car sales in April

CARY, N.C. - 

The U.S. certified pre-owned market followed its second-strongest month on record with modest year-over-year gains in April, according to Autodata Corp. And reports from automakers in Canada are showing positivity, as well. 

Porsche, for example, had its best April ever for CPO sales in Canada, moving 179 vehicles. That’s up from 155 last April, which was the prior record. Through four months, Porsche has sold 599 certified vehicles, up from 522 last year.

Just before last month began, Porsche Cars Canada announced that as of March 1, all Porsche Approved Certified Pre-Owned vehicles and Extended Warranty programs sold from that day forward included unlimited mileage throughout the two-year term.

“We are confident that offering unlimited mileage coverage to our Porsche Approved Certified Pre-Owned vehicles and Extended Warranty will further increase the consideration of our quality products,” Porsche Cars Canada president and chief executive officer Alexander Pollich said in a news release.

“Drivers will continue to enjoy every kilometre travelled behind the wheel with this industry leading protection plan, regardless of distance travelled,” Pollich said.

Getting back to April results, there were 2,929 certified sales for the month at Toyota, pushing the year-to-date tally to 9,547. A year ago, Toyota sold 2,525 certified vehicles in April and had year-to-date sales of 7,221 CPO units.

Next up, Volkswagen’s CPO sales were down 1 percent year-over-year in April with 1,321 certified sales. But year-to-date sales through four months are up 1.3 percent at 4,957 units.

Mercedes-Benz reported 1,245 certified sales for the month, which was off 3.9 percent from last April. It reported 4,275 CPO sales in the first four months of 2017, which is up 4.2 percent year-over-year.

Volvo sold 161 certified vehicles last month (down 17.1 percent). Through four months, it has moved 650, a 10.5-percent increase.

More results to come as they are reported. 

How Q1 certified car sales fared in Canada

CARY, N.C. - 

The certified pre-owned market in Canada appears like a healthy one for those reporting monthly and quarterly sales to Auto Remarketing Canada.

Starting with Audi, not only was March its best-ever month, the first quarter was Audi’s best-ever start to a year, the company said.

Audi’s CPO sales climbed 38.5 percent year-over-year, with 727 units moved in March. Through three months, Audi’s numbers are up 16.3 percent with 1,624 sales.

BMW, which includes both CPO and non-CPO in its numbers, said it sold 2,070 pre-owned units for the month (up 14 percent) and 5,011 (up 13 percent) in Q1.

“March represents the best pre-owned sales month on record for BMW Canada,” said Robert Staffieri, national manager, pre-owned sales at BMW Canada. “Strong CPO market messaging, along with the ability of our retailer network to deliver an exceptional buying experience continues to resonate with consumers.”

Next up, Toyota sold 2,594 certified vehicles in March, up from 1,921 a year ago. In the first quarter, it moved 6,618 CPO units, up from 4,696 in Q1 2016.

Volvo had 179 certified sales in March, up from 159 a year ago. It moved 490 CPO vehicles in Q1, up from 394.

Mercedes-Benz reported CPO sales climbing 5.2 percent year-over-year in March, reaching 1,379 units. It sold 3,030 CPO units in Q1 (up 8.0 percent).

 

Strong start to year for Canadian CPO market

CARY, N.C. - 

The certified pre-owned market in Canada appears to be fairly healthy in starting 2017, at least among those reporting sales to Auto Remarketing Canada.

Mercedes-Benz Canada moved 878 certified pre-owned vehicles in February, which beat year-ago figures by 7.5 percent.

Through two months, Mercedes has lifted CPO sales 10.5 percent, having sold 1,651 certified units year-to-date.

Over at Toyota Canada, there were 2,038 CPO sales in February, up from 1,403 a year earlier. Year-to-date sales are at 4,024 units, compared to 2,775 through February 2016.

Volvo sold 166 certified vehicles in February, compared to 108 in February 2016. Year-to-dates sales are at 311, up 29.6 percent.

BMW Canada — which includes both certified and non-certified pre-owned in its reporting — said it sold 1,547 pre-owned units in February, which beats year-ago figures by 14 percent.  The company said it has had 24 consecutive months of growth. Through February, year-to-date pre-owned sales are at 2,941, which is a 12-percent gain.

Volkswagen Canada sold 1,094 CPO vehicles in February for a 5.9-percent gain. Through two months, it has moved 2,215 certified units (up 6.1 percent). 

Update on Canadian CPO vehicle sales

CARY, N.C. - 

 Audi Canada reported its best-ever year for certified pre-owned vehicle sales, selling 6,833 certified units. This marked a 3.1-percent year-over-year increase.

Among other brands sharing Canadian CPO sales results, Volvo Car Canada increase its certified pre-owned sales 39 percent last year, moving 2,324 CPO units.

“In 2016 the Volvo Car brand reported extraordinary growth, with several factors contributing to the success of the certified pre-owned division,” Alexander Lvovich, managing director of Volvo Car Canada, said in a news release. “We have a strong CPO program, quality product available and a committed retailer network; all of these contributing elements have given us the opportunity to introduce new customers to the Volvo Car brand.”

Toyota Canada sold 25,880 certified pre-owned vehicles in 2016, up from 19,475 a year earlier.

Mercedes-Benz Canada moved 12,700 CPO units last year, up 0.3 percent year-over-year. Volkswagen Canada sold 15,340 CPO vehicles in 2016, down from 17,233 a year earlier.

In the U.S., there were 2.64 million CPO sales in 2016, according to Autodata Corp. This marked the sixth straight best-ever sum for this rapidly expanding market.

It also beat year-ago figures by 3.5 percent, according to Autodata.

Early look at Canadian CPO sales

CARY, N.C. - 

How are certified pre-owned sales faring in Canada this year? So far, so good, it seems.

Below is a rundown of a few brands that have shared their latest CPO sales results.

BMW Canada sold 1,674 pre-owned units in August, compared to 1,362 sales a year ago. 

The pre-owned division has moved 12,960 units through eight months of 2016, a 16-percent hike. 

“We continue to see interest in BMW Pre-Owned vehicles increase as more Canadians discover the benefits of our CPO offering.  Our diverse model line-up and product features are certainly attracting a wider range of consumers with varying budgets and tastes” said Robert Staffieri, national pre-owned manager at BMW Canada. 

Toyota Canada sold 2,461 certified pre-owned vehicles in August, compared to 1,657 in the same month of last year.

Through eight months, it has sold 16,779 CPO units, compared to 13,611 through August 2015.

Volkswagen Canada’s CPO sales came in at 1,334 units in August (down 17.3 percent year-over-year), with year-to-date sales at 10,659 (down 11.7 percent).

At Volvo Canada, there were 230 CPO sales in August, which is a 74.2-percent improvement. Through eight months, it has moved 1,376 CPO vehicles for a 28.6-percent hike.

The Mercedes-Benz Pre-Owned division at Mercedes-Benz Canada had 1,379 sales in August (up 5.3 percent). Year-to-date sales are at 10,777, up 3.8 percent.

As far as CPO-specific sales, Mercedes-Benz Canada moved 1,107 units in August, beating year-ago figures by 15 percent. Through eight months, Mercedes-Benz has sold 8,715 certified vehicles, which represents a 2.2-percent year-over-year increase. 

Audi Canada’s 612 certified sales tied its best August ever. Through eight months, it has moved 4,533 CPO units. That sum is a 5.2-percent hike and its best year-to-date sales ever for Audi CPO. 

 

Audi hits best July for CPO

CARY, N.C. - 

Several automakers have reported their latest certified pre-owned sales results to Auto Remarketing Canada, and one of the highlights of the bunch was Audi Canada, which had its strongest July to date.

It sold 597 certified cars last month, a 3-percent gain over July 2015.  Through seven months, Audi has sold 3,921 CPO vehicles, a 6-percent hike.

Next up, Toyota Canada sold 2,323 certified vehicles in July, up from the 1,729 it sold in July 2015. 

Through seven months, its CPO sales have reached 14,321 units, compared to 11,954 in the same time frame last year.

Volvo Canada had 217 CPO sales in July, up 42.8 percent year-over-year.

Over at Volkswagen Canada, its dealers posted 1,287 certified sales for the month, down 17.7 percent year-over-year. Year-to-date sales are off 10.9 percent at 9,325 units.

BMW Canada said its pre-owned division sold 1,543 units last month, putting the year-to-date tally at 11,286 (a 15-percent uptick).

Mercedes-Benz Canada moved 931 certified vehicles in July, down from 1,014 in the same month of 2015.

Year-to-date, however, sales are slightly ahead at 7,608, compared to 7,563 CPO sales through seven months of last year. 

CPO rundown: Audi Canada’s best-ever month & more

CARY, N.C. - 

Audi Canada had its best month ever for certified pre-owned sales, moving 662 units for an 8-percent year-over-year gain.

It sold 3,324 CPO units in the first half of the year for a 6.7-percent increase.

Porsche had its best June for CPO, moving 180 units, up from 146 CPO sales a year ago, which had been the best.

Meanwhile, the pre-owned division at Mercedes-Benz Canada had its strongest June ever. It sold 1,550 vehicles, with 1,238 of those being CPO.

First-half overall pre-owned sales are at 8,176 units (up 5.2 percent), with CPO sales at 6,651 units (up 1.6 percent).

Over at Jaguar Land Rover Canada, the Jaguar division sold 56 CPO units in June, compared to 34 a year ago. There were 113 Land Rover CPO sales, up from 102.

Through June, Jaguar has moved 245 certified vehicles this year, up from 168 in the first half of 2015. Land Rover increased its first-half sales from 546 to 700.

Toyota Canada moved 2,402 CPO units for the month, beating last June’s total of 1,747 units. Year-to-date, Toyota has sold 11,998 certified vehicles, compared to 10,225 CPO sales in the first six months of 2015.

Next up, Volkswagen posted 1,211 CPO sales in Canada for June, down 23.7 percent year-over-year. Its first-half sales reached 8,038, down 9.7 percent.

BMW Canada’s pre-owned division reported 1,654 sales in June (up 13 percent year-over-year) and its year-to-date sales are up 18 percent at 9,743.

 

Progress, record months push Canadian CPO

CARY, N.C. - 

At least two brands notched best-ever certified pre-owned sales results in Canada last month, as the market continues to gain traction with several brands.

Subaru reached an all-time high with 249 CPO sales in May, pushing its year-to-date total to 862.

Meanwhile, Volkswagen posted a record 1,935 CPO sales (up 0.1 percent year-over-year). Year-to-date sales are at 6,827 units, down 6.7 percent from the same period of 2015.

Toyota sold 2,375 certified vehicles in May, up from 1,981 a year ago. Through five months, it has moved 9,596 CPO units, compared to 8,478 CPO sales in the year-ago period.

Moving to BMW, the BMW Pre-Owned division — which includes late-model pre-owned and CPO — had 1,774 sales in May, a 9-percent year-over-year increase.

Year-to-date sales have reached a record 8,089 units, a 19-percent increase over the same period of 2015.

“We continue to see strong growth in pre-owned sales as a result of our amplified BMW CPO awareness campaign, as well as the ability for our retailers to deliver an exceptional customer experience,” said Robert Staffieri, national pre-owned manager at BMW Canada. 

Audi sold 651 CPO vehicles in May. It was the second-best CPO month ever for the company — trailing the all-time record (May 2015) by only 0.9 percent.

Through five months, Audi has sold 2,662 CPO vehicles for a 6.4-percent gain.

The Mercedes-Benz Pre-Owned division sold 1,546 units in May. The company said 1,312 were CPO.

Through May, there have been 5,413 CPO sales — which the company called a “steady pace” — and certified has claimed 81.7 percent of pre-owned sales for Mercedes-Benz.

 

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