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Building Your Business NIADA CPO Certified Pre-Owned Program

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Presentation on theme: "Building Your Business NIADA CPO Certified Pre-Owned Program"— Presentation transcript:

1 Building Your Business NIADA CPO Certified Pre-Owned Program
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2 Who Is NIADA? The National Independent Automobile Dealer Association (NIADA), founded in 1946 has represented quality independent automobile dealers for over 65 years. NIADA is here to assist it’s members in becoming more successful within the used motor vehicle industry. Through membership in NIADA, you join with over 20,000 other professional auto dealer who share your dream of financial prosperity for your business. NIADA is your legislative advocate— protecting your business interests. The association consistently brings you industry education, valuable information, services and benefits designed to prepare members for an ever-changing marketplace. The simple and better way to keep pace in the used motor vehicle industry is to join NIADA…a highly respected organization dedicated to your success! 2

3 NIADA Code of Ethics We will have a general duty of integrity, honor and fair dealing toward the general public. We will comply with all city, county, state and federal laws and shall endeavor to keep ourselves informed of those laws governing our business We will not intentionally injure the business reputation of another member or competitor. We will employ truth and accuracy in advertising and selling. We will stand behind any guarantee given with the sale of a motor vehicle. We will not perform any act which would bring disrepute to motor vehicle industry. We will expose or halt, where found, any scheme designed to deceive or defraud the automobile buying public and aid in prosecuting those guilty of such acts. We will constantly strive to improve business methods to the end that public will be better served. We will encourage the American system of free enterprise. 3

4 Partnership Key Features: Few of Our Partners
NIADA CPO program branded Provides seamless, easy to implement and consistent buyers guides/window label print and digital placement features Enables CPO program dealer to more effectively and efficiently export their CPO inventory to third party digital marketing auto portals including their own web sites. Will provide a national reporting platform for the NIADA CPO program Significantly enhances the positioning and digital market awareness of the dealer’s CPO listings against OEM programs Provides complete inventory management/reporting along with DMS integration and import tools Carfax/AutoCheck integration Will provide NIADA and its CPO dealers with following market insights: Identify high/low demand vehicles Access to competitive pricing analysis Buyer vehicle shopping consideration trends by make/model Where CPO units are performing well by geographic market 4

5 Partnership (Continued)
Dealer Value Proposition: Increased sales/profits/inventory turn due to a more effective digital showroom presence vs. competitive CPO offerings via the major auto portals Increased productivity and compliance via the standardized buyers guide/window label feature Lower costs in managing the CPO program from a reporting, merchandising, inventory management/reporting perspective, majority is now automated Lower investment in exporting CPO inventory listings to third party auto portals 5

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8 Highline Vehicles Class Listing
Understanding the CPO Limited Warranty Guidelines All terms and mileage begin on contract purchase date. Mileage/Term is whichever occurs first. May be subject at anytime for Audit and proof of CPO certification. Failure to comply by the terms of the dealer agreement WILL result in removal of the program Dealer understands this is a Limited Warranty and is given to the customer at no charge This is a non-refundable warranty Excluded Models Land Rover Mercedes 600 Mercedes AMG Corvette ZR1/ZR6/ZO6 Mazda RX-7 Dodge Stealth/Viper BMW Z8 SRT 10 Porsche Turbo Nissan 300ZX Mitsubishi 3000GT Plymouth Prowler Acura NSX BMW 8 Series Cadillac Allante Highline Vehicles Class Listing AUDI BMW Cadillac Jaguar Porsche All Limited Production Vehicles Hummer H2 & H3 Only Mercedes Mini Saab Volvo 8

9 Current Model Year + 14 Years
NIADA CPO Program Rates Current Model Year + 14 Years 0-150,000 Miles • $100 Deductible • No Surcharges • Seals & Gaskets Included Miles at Time of Sale 3 Months/3,000 Miles 6 Months/6,000 Miles 12 Months/12,000 Miles Asian/Domestic Highline 0-50,000k $140 $210 $320 $290 $460 50,001-80,000k $180 $305 $270 $455 $380 $660 80, ,000k $200 $330 $310 $490 $430 $710 100, ,000k $240 $400 $360 $600 $510 $870 125, ,000k $265 $450 $390 $670 $560 $980 9

10 NIADA/Carfax Brochure
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