NEW YORK DEALER CREDITS VAUTO FOR PRE-OWNED SALES HONORS
FOR IMMEDIATE RELEASE
NEW YORK DEALER CREDITS VAUTO FOR PRE-OWNED SALES HONORS
QUEENS, N.Y. -- Paragon Honda in Queens, N.Y., and Paragon Acura
in Woodside, N.Y., credit their use of vAuto for leading both of them to
achieve top national status for 2008 deliveries of certified pre-owned
vehicles.
Paragon won Certified Pre-Owned Dealer of the Year for the Honda brand at
the first annual Certified Pre-Owned Forum, sponsored by Auto Remarketing
NewsMagazine, in 2008.
Brian Benstock, co-dealer principal of each dealership, was an
early user of vAuto’s Live Market View system, a revolutionary tool that
allows dealers to better manage their inventory of used cars and trucks.
“With vAuto’s real-time, up-to-the-minute used-vehicle pricing
information, we are able to make better decisions when purchasing pre-owned
cars and trucks, enabling us to price vehicles more accurately for our
market,” said Benstock.
For 2008, Paragon Honda recorded 1,823 certified pre-owned
sales, while Paragon Acura sold 694 certified pre-owned units. For the past
three years, both dealerships have ranked at or near the top of Honda and
Acura dealers nationally for used-vehicle sales. Paragon also has been
listed as one of the top five dealers nationally for Internet sales,
according to Ward’s Dealer Business.
Certified Pre-Owned (CPO) vehicle sales are considered one of
the fastest growing segments of the late-model used-vehicle industry,
according to Auto Remarketing NewsMagazine.
Dealers recondition low-mileage vehicles, achieving an almost new condition,
based on manufacturer standards. Such vehicles are sold with
manufacturer-specified warranties and benefits. In 2007, some 1.7 million
CPO vehicles were sold in the U.S.
“No part of the used-vehicle market is easy now,” said Dale
Pollak, chairman and founder of vAuto. “We are able to help dealers compete
more vigorously and earn greater profits through the industry’s best
stocking, appraisal and pricing tools.”
“If there is a secret to success,” he said, “it’s knowing the
dealer’s market and managing the used-car inventory to position the
dealership for reasonable turnover of cars and trucks. Paragon’s achievement
is even more impressive given the state of the U.S. economy in 2008.”
# # #
About vAuto
Headquartered in the Chicago suburb of Oak Brook, Ill., vAuto
maintains a research and development center in Austin, Texas. The company
provides the auto industry’s only “live, real time” analysis of used-car
markets with up-to-the-minute information about used-vehicle supply, demand
and pricing tailored to specific dealership market areas.
All six of the nation’s highest-volume franchised dealerships by
brand, including Chevrolet, Ford, Honda, Nissan, Lincoln-Mercury and Toyota,
use stocking, pricing and appraisal strategies supported by vAuto software
solutions. Virtually every imported and domestic vehicle brand is
represented on the company’s customer list, including Acura, Audi, BMW,
Hyundai, Infiniti, Kia, Lexus, Mercedes, Porsche and Volkswagen, as well as
all Chrysler and General Motors brands.
Further information about vAuto is available at www.vauto.com.
Insights and discussion on used-car trends can be found on Dale Pollak’s
blog at www.dalepollak.com.
Media Contact Information:
Michelle Black
vAuto
Phone: +1.630.590.2023
E-mail: mblack@vauto.com
Sara Furtwaengler or Larry Weis
AutoCom Associates
Phone: +1.248.647.8621
E-mail: sfurtwaengler@usautocom.com or lweis@usautocom.com
6.Feb.09