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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.
Canada Drives is a Canadian online vehicle retailer founded in 2010 and based in Vancouver. [ 3 ] [ 4 ] The company allows customers to buy certified used cars online. [ 5 ] Customers can also sell their vehicle to Canada Drives or trade it in. [ 6 ]
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.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
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By the close of 2021, Kia Canada had surpassed previous records, selling 79,198 vehicles in a year which was otherwise challenging for the industry, with June 2021 as its best sales month in the company's history at 8,850 vehicles delivered including 779 certified pre-owned vehicles. [3]
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