Booming Sales Of Certified Pre-Owned Cars Benefit Consumers

With gas prices going up, rebates and incentives being limited and new car sales slowing down, car buyers are turning to one obvious choice: Certified Pre-Owned Cars (CPO). CPO cars are fairly new used vehicles -- 4 to 7 years old -- that have low mileage, are in excellent condition, and pass a strict 100-point inspection.

According to a J.D. Power and Associates study, 41% of all used car sales now involve a CPO. In 2008, while Audi of America has seen their sales for new cars dropping, their COPs sales continue to rise by an increase of 38.7% over 2007.

BMW also reports an increase of 22.7% from last year in its CPO sales.

The success of CPO programs is good news for car companies, but also for consumers, who will soon see these programs improved and expanded.

Toyota - already took the first step[-s] and recently announced it was adding one year and 20,000 miles to the "power train" warranty on its CPOs.

Additional perks of CPO programs include manufacturer's warranty protection, free 24-hour roadside assistance, financing deals, free vehicle history report, and copies of the car's certification test report. This way, both your mind and checkbook get a break.

Email to a friend

Copyright 2009 BuyingAdvice.com, INC. All rights reserved. This material may not be published, rewritten, or redistributed.

Search By Car Type