Now comes word that it is creating a marketing division for certified pre-owned vehicles. These are late model cars and trucks that have relatively low mileage, have been vigorously inspected by the car’s manufacturer and is covered with a warranty. In layman's terms, these are used vehicles.
Just about every manufacturer now has a Certified Pre-Owned program. Chrysler claims that its CPOs have set sales records every year since 2002 when it was introduced. The domestic automaker says that it sold 122,000 CPOs in 2007, a five percent increase over 2006.
Anyway, the new ebay category will be sponsored by Lexus but used cars from Chrysler and General Motors will also be sold.