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Hyundai’s Certified Pre-Owned Success: A Closer Look
As of March 2024, the landscape of certified pre-owned (CPO) sales in the U.S. has brought significant attention to several Hyundai dealerships that are leading the charge in this ever-growing market. CPO vehicles offer consumers a blend of quality and warranty coverage that appeals to both budget-conscious buyers and those looking for reliable vehicles. In this article, we explore the top dealerships for CPO sales, their sales figures, and the advantages of Hyundai’s CPO program.
The Top CPO Performers of 2024
This year, Hyundai has their top 10 dealerships shining, with phenomenal CPO sales across various states. Leading the pack is Hyundai of New Port Richey in Florida, which achieved an impressive 1,023 CPO sales. This is followed closely by Universal Hyundai in Orlando with 949 sales, and Rick Case Hyundai in Plantation, also in Florida, with 723 sales.
| Dealership | City | 2024 CPO Sales |
|---|---|---|
| Hyundai of New Port Richey | New Port Richey, Fla. | 1,023 |
| Universal Hyundai | Orlando | 949 |
| Rick Case Hyundai | Plantation, Fla. | 723 |
| Rick Case Hyundai | Davie, Fla. | 707 |
| Norm Reeves Hyundai Superstore Cerritos | Cerritos, Calif. | 689 |
| Freehold Hyundai | Freehold, N.J. | 649 |
| Lester Glenn Hyundai | Toms River, N.J. | 645 |
| Jenkins Hyundai | Ocala, Fla. | 645 |
| Hyundai of Fort Myers | Fort Myers, Fla. | 645 |
| Atlantic Hyundai | West Islip, N.Y. | 643 |
The Benefits of Hyundai’s CPO Program
Hyundai's certified pre-owned program stands out because it provides a host of benefits that add value for consumers. According to Edmunds, the typical CPO Hyundai comes with a remainder of the original five-year/60,000-mile bumper-to-bumper warranty and a much-lauded 10-year/100,000-mile powertrain warranty. These warranties provide buyers with peace of mind, knowing they have a safety net if any issues arise post-purchase.
CPO Market Overview and Trends
The CPO market is thriving as more consumers turn to certified vehicles for reliability and warranty coverage. Hyundai’s competitive position is bolstered by the increasing acceptance and demand for pre-owned vehicles, particularly among first-time buyers or those looking to avoid the rapidly escalating prices of new cars. With approximately 14 automakers providing CPO options, Hyundai's emphasis on quality and consumer support places it in a favorable position among competitors. This also aligns with broader trends indicating that CPO vehicles are becoming more popular due to the value they offer compared to new vehicles.
Final Thoughts and Opportunities for Dealership Owners
For dealership owners and general managers, understanding the success of top CPO dealers can provide actionable insights into their operations. By enhancing customer experience, focusing on quality inventory, and leveraging solid warranty programs, dealerships can elevate their CPO sales and overall profitability. As consumer preferences continue to sway towards certified vehicles, examining and adapting strategies from the leading dealerships can ultimately yield substantial benefits.
As the market evolves, staying ahead of the curve by implementing the best practices observed from top-performing dealers like those listed here can be an effective strategy for both improving sales and customer satisfaction.
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