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A certified pre-owned car or CPO [citation needed] is a type of used car.It is also used in references to guns and phones. The term "certified pre-owned was conceived by corporations [citation needed] in order to find a more favorable alternative to marketing products as 'used,' which causes purchasers to impose their cognitive biases associated with 'used' items onto prospective purchases.
1935 Cadillac Series 10, 20, 30 and 452-D Fisher Fleetwood Series 10 – 128 in wheelbase V8; Series 20 – 136 in wheelbase V8; Series 30 – 146 in wheelbase V8; Series 370-D – 146 and 160 in wheelbase V12; Series 452-D or 60 – 154 in wheelbase V16; 1936 Cadillac Series 36–60, 36–70, 36–75, 36–80, 36–85, 36-90 Fisher Fleetwood
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
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In 2002, Sonic acquired the sixteen-location Michigan-based Don Massey Dealerships. This brought the company to 134 total locations, making it the second-largest automotive retailer at the time. The acquisition also brought Sonic to 23 total Cadillac dealerships, representing between 5-7% of the brand's total revenue. [13]
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