Page 30 - On The Move - Volume 18, Issue 1

Ford, Toyota, Honda Stand Out for CPO Value

Ford’s model-level strength helped it perform Vincentric also said Ford vans showed a best- Mercedes-Benz, Nissan, and Volvo Brands were the
well in the eighth annual Vincentric Best Certified in-class performance that helped it win the Best CPO brands with one model-level winner.
Pre-Owned Value in America Awards. Although Ford Value Van brand award. That was the fifth consecu- In determining the award winners, Vincentric
won more model-level awards than any other brand tive win in that category for Ford. conducted an analysis to show the vehicles with
with eight, Toyota and Honda also had a strong Because of a strong performance from the Civ- lower-than-expected ownership costs given their
showing with four model-level awards each. ic sedan and hatchback, Honda won the category of market segment and price. Vincentric used eight
Vincentric president David Wurster said many Best CPO Value Passenger Car brand. Audi won Best cost factors in analyzing more than 15,000 vehicle
people in the United States are looking to save mon- CPO Value Luxury Car, with wins for the TT and S5. configurations. Those factors were depreciation,
ey in the current uncertain economic times by pur- Lincoln won the category of Best CPO Value fees and taxes, financing, fuel, insurance, mainte-
chasing used vehicles. “Consumers looking to buy a Luxury SUV & Crossover brand. nance, opportunity cost and repairs.
certified pre-owned vehicle want to know that their Toyota was the final brand winner for Best CPO “Our awards can guide consumers and help
choice will give them the value they need for their Value SUV & Crossover brand. It was aided by wins them make decisions with confidence, especially
money,” Wurster said in a news release. for the C-HR and Highlander Hybrid that led Toyota with so many brands showing strong CPO value by
Ford also earned two brand level awards. to its second brand award in this category. winning Best CPO Value brand awards on a consis-
Helped by what Vincentric said were strong show- Lexus was another brand with multiple mod- tent basis,” Wurster said.
ings from the Ranger and F-350, Ford won the Best el-level victories with three. Subaru took home two Source: Auto Remarketing
CPO Value Truck brand award for the second time. awards. Dodge, GMC, Infiniti, Kia, Maserati, Mazda,

Manley Gives U.S. Dealers a Voice in Merged Company

"He was very good at listening," Lutz said. arrange the merger, which is expected to close be-
"We're doing a third-row seat in the Grand Chero- fore April. Stellantis will be the fourth-largest global
kee, which is something we needed. It's going to be automaker by volume, based on 2019 sales.
an awesome product for us." Manley succeeded the late Sergio Marchionne
Manley, 56, has always been "a product guy," as FCA's CEO in July 2018, after leading Jeep from
said Steve Kalafer, CEO of Flemington Car & Truck 2009 to 2018 and Ram from 2015 to 2018. Under
Country in New Jersey. He's not warm and fuzzy, Manley, Jeep quadrupled its global sales.
but he's passionate, Kalafer said. And he's an expert "The fact that as FCA we are entering this new
in multiple aspects of the business. "He knows the and exciting era in such very strong, robust shape
dealer body very, very well across North America," is a great tribute to him and his leadership style,"
Kalafer said. "I think he will be very helpful in get- FCA Chairman John Elkann, who will be chairman of
ting [Stellantis] started with an efficient, first-class Stellantis, said in a letter to employees.
After Fiat Chrysler Automobiles merges with PSA distribution system immediately." FCA's U.S. light-vehicle sales fell 21 percent in
Group, FCA dealers are eager to have a Jeep force David Kelleher, president of David Auto Group the first three quarters of 2020 compared with an
at the helm in Mike Manley. Manley, FCA's CEO, will in Glen Mills, Pa., called Manley a "hard charger" 18.4 percent decline for the industry. FCA and other
become head of Americas for the new company, with a deep understanding of the North American automakers are still trying to restock after closing
called Stellantis, FCA said last month. business. Kelleher is confident Manley will ensure North American plants for two months in the spring
"Most of the dealers would attribute the explosion the needs of U.S. dealers are represented in the new to curb the spread of the coronavirus.
of the Jeep product to Mike Manley," said Wes Lutz, global organization. "If you bring him smart ideas Dealers are optimistic about the merger, prod-
president of Extreme Chrysler-Dodge-Jeep-Ram in that happen to be good for the dealers and he also uct pipeline and Manley's continued leadership,
Jackson, Mich. "He has done an outstanding job sees something for the entire FCA entity, he'll act on Lutz said. "The dealers in general are really excited
with Jeep. He is leading at a time when we have them," he said. "You don't go to Mike with some- about the next chapter."
three tremendous products in the pipeline." The thing that's good for only one party." Source: Automotive News
new Jeep Wagoneer and Grand Wagoneer and a Manley will lead Stellantis' operations in the
redesigned Grand Cherokee are slated go on sale U.S.,Canada, Brazil and Argentina. He has worked
in 2021. with PSA CEO Carlos Tavares for more than a year to
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