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3 economists dissect current CPO market condition

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As one wholesale market economist called the certified pre-owned market one of the “good guys,” another economist specializing in the wholesale space offered a recommendation to make the CPO segment even better, especially for franchised dealerships.

KAR Auction Services chief economist Tom Kontos, NAAA chief economist Ira Silver and Cox Automotive chief economist Tom Webb participated in a panel discussion at the recent Conference of Automotive Remarketing in Las Vegas where the dialogue eventually turned to the CPO market, which generated retail sales of 211,475 units in February, according to Autodata Corp.

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