Luxury vehicle marques generally benefited from financially healthier dealerships, better leasing and certified pre-owned programs and loyal customers, so sales are expected to rebound more quickly than mass market cars.
The company's third-quarter income included a reported $39 million in sales of government-awarded zero-emissions vehicle credits as well as $33 million in sales of pre-owned cars.
Refurbished products are normally tested for functionality and defects before they are sold, and thus are the approximate equivalent of certified pre-owned cars.
