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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.
Cadillac Motor Car Division, or simply Cadillac (/ ˈ k æ d ɪ l æ k /), is a division of the American automobile manufacturer General Motors (GM) that designs and builds luxury vehicles. Its major markets are the United States, Canada and China. Cadillac models are distributed in 34 additional markets worldwide.
Honda announced it would partner with General Motors to develop "next-generation" batteries in 2018. [3] The BEV3 architecture was first announced by GM in January 2019, [4] with Cadillac announced as the lead marque, [5] and BEV3 was officially detailed on March 4, 2020, during the GM EV Day briefing in Warren, Michigan, and supports Ultium batteries and Ultium Drive motors.
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.
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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