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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.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
A certified used car, often called a certified pre-owned vehicle or CPO, offers the best of both worlds: a promise of reliability and a warranty combined with a lower price than a new vehicle.
Sales of all-electric vehicles and plug-in hybrids rose to 4,720. [3] According to US-based Auto Forecast Solutions, Kia Canada sold 43,598 vehicles in the first eight months of 2022, a 24.7% drop from 2021 as auto dealers struggled with low inventories and semiconductor shortages which left them unable to meet consumer demand. [ 9 ]
Autotrader.com, Inc. is an American online marketplace for car buyers and sellers, founded in 1997. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information. [1]
Green has stated that Canada Drives’ mission is “to be the easiest place to buy or sell your car in Canada.” [9] Co-CEO Michael Galpin joined the company in 2011. [3] In 2014, Canada Drives moved from Saskatoon to Vancouver to be closer to the growing tech sector there. At the time, Canada Drives had six employees. [10]