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• Lexus, Chrysler to join GM in adding CPO fleet to eBay

  Filed under: Car Buying , Auction Action , Marketing/Advertising , Chrysler , GM , Lexus Way back in February, General Motors announced it would be listing all of it Certified Pre-Owned vehicles on eBay Motors, and it took until now to actually make that happen. To go along with GM, Chrysler and Lexus have also joined up, with eBay Motors making a special section of its website specifically for CPO vehicles. The new site, which can be found here , went live yesterday and is sponsored exclusively by Lexus. It's also provided at no cost to any dealer looking for another outlet to advertise its inventory. A quick check of the new hub shows that both eBay's classic auction-style listings and regular classified ads are listed together. The site's search functionality allows users to find vehicles located near their zip code, meaning it should prove awfully easy to find that brand-spanking-used Chrysler Sebring you've been foaming at the mouth for. [Source: Automotive News - sub... Posted Jun 13 2008, 12:31 PM by Autoblog Filed under: Auction Action, GM, Lexus, Car Buying, Chrysler, ebay, Marketing/Advertising, general motors, GeneralMotors, EbayMotors, ebay motors, certified pre-owned, CertifiedPre-owned, lexus cpo, certified pre-owned ..., CertifiedPreownedV..., GmCpo, ChryslerCpo, GmCertified, EbayCpo, lexus certified, ChryslerCertified, chrysler certified, certified preowned v..., certified pre owned, certified preowned, gm cpo, CertifiedPre-owned..., ebay cpo, chrysler cpo, LexusCertified, gm certified, CertifiedPreowned, LexusCpo

• GM to continue weaning itself off fleet sales

  Filed under: Car Buying , Chrysler , Ford , GM Even after posting a $3.25 billion loss , General Motors won't resort to fleet sales to ease their pain. In the automotive industry, fleet sales typically represent the lightly equipped, and heavily discounted, vehicles sold to rental companies or corporations. The numbers are significant , and fleets sales of a particular model may even exceed the volume sold at retail. Often laden with special financing incentives, the sales are less profitable for the automaker, and they hurt the used-vehicle market when a large number of the same model are dumped into the marketplace simultaneously. Last year, GM sold about 700,000 units to fleet sales. In 2008, that number is projected to drop to about 575,000 units. By 2009, it will decline even further with a sales projection of just over 500,000 fleet units. GM isn't the only automaker following this path. Ford's sales to rental companies are down 16 percent from the same quarter last year... Posted May 19 2008, 11:02 AM by Autoblog Filed under: Ford, GM, Car Buying, Chrysler, general motors, GeneralMotors, FleetSales, fleet sales, company cars, RentalCompanies, wholesale, rental companies, CompanyCars