Many factors point to expanded used inventory for dealers in 2013, says Black Book managing editor Ricky Beggs, especially among dealers selling CPOs.
Find out where inventory is expected to come from.
Many factors point to expanded used inventory for dealers in 2013, and as off-lease vehicle volume is predicted to grow this coming year, stores may find it easier to secure quality, used vehicles. And this may be particularly good news for your certified pre-owned department, says Black Book managing editor Ricky Beggs.
In fact, Black Book expects that come January, the rate of off-lease vehicle returns will start to build again. As a result, more CPO and used inventory will be available to dealers.
“The majority of this additional off-lease inventory is projected to come from domestic models reflecting their re-entrance into the lease pool in 2010,” officials noted.