Certified pre-owned sales were strong in August for
the European automakers, with one luxury brand, in particular, touting its best
August ever for CPO sales.
With the last day of August coming as part of Labor
Day weekend, CNW Research tabulated that the used-vehicle sales figure for the
month jumped 5.6 percent year-over-year.
Toyota Canada recently announced it has come to an
agreement to settle economic loss litigation in Canada related to Toyota recalls
in 2009 and 2010 regarding unintended acceleration.
As used supply remains hard to obtain for many
Canadian dealers, it looks like this tight pre-owned environment pushed
wholesale prices up slightly one again in July.
There will likely be at least a quarter million
new-car intenders this year who decide at the 11th hour not to buy, according to
estimates from CNW Research, which studied the reasons these shoppers choose
this path.
It might sound like a broken record, but four of the
first five used models researched the most on Kelley Blue Book’s website last
month came from either Honda or Toyota.