The (Important) Difference Between Used Cars and Certified Pre-Owned Vehicles
To some car buyers, all used cars are the same. Once a single owner has driven a car, it’s no longer brand-new. For these shoppers, “Certified Pre-Owned” is just a fancy term for “used car.” But, that’s not true. The designation of CPO isn’t just fancy-schmancy semantics to make a used car sound more appealing. […]
Mitsubishi Mirage Earns the ALG Pre-Owned Value Award
The Mitsubishi Mirage has recently earned the 2020 ALG Pre-Owned Value Award. It won for having the lowest forecasted depreciation in the Subcompact segment. Protection on the Drive: A look at Mitsubishi warranties Specifics on the ALG Pre-Owned Value Award Each prestigious 2020 ALG Pre-Owned Value Award went to a vehicle that had the lowest […]
Honda Revamps Certified Pre-Owned Program
Certified pre-owned vehicles typically offer a great opportunity to buy used and still benefit from the advantages of warranty coverage. Though Honda already offers a CPO program at least on par with that of other automakers, it is now rebranding its program and introducing a second tier that covers more recent vehicles. Could the automaker […]
Chevy/GMC Offers One of the 10 Best Non-Luxury Certified Pre-Owned Programs for 2019
When you’re in the market for a used car, Certified Pre-Owned Programs offer greater peace of mind that your purchase decision is a smart one. Most CPO programs have strict rules and requirements for vehicles regarding mileage and repair history. They also typically offer some form of warranty protection, require a multi-point inspection on each […]
Lamborghini Launches Certified Pre-Owned Program
Let’s be real: For 99 out of 100 people who can’t afford a brand-new Lamborghini, the existence of a Lamborghini Certified Pre-Owned program probably isn’t going to help your situation or bring you any close to owning a Lambo. (And, for a brand built around the idea of exclusivity, isn’t that kind of the point?) […]
Infiniti Q50 Drives Home With Award for Certified Pre-Owned Value
While we write about the latest and greatest cars here at The News Wheel, buying a brand new car that suits all of your need might not be in your budget. Certified Pre-Owned cars give you the benefit of the lower price of a used car and the security of a warranty and detailed inspection. […]
IIHS Names 8 Pre-Owned Hondas as Safest For Teens
The Insurance Institute for Highway Safety has recognized a total of eight older Honda models as being among the safest choices for teen drivers. As the leading cause of death among American teenagers is motor vehicle crashes, and as teenagers are more likely to drive used cars, the IIHS strives to find the best used […]
Kia Motors Reports June Certified Pre-Owned Sales as Best-Ever
Two models in Kia’s lineup, the Forte and Sportage, helped boost the automaker’s Certified Pre-Owned sales to its highest number ever. In June, Kia posted a 13.2 percent increase of CPO vehicles compared to last year’s record in June. Overall, 39,954 CPO vehicles were sold during the first half of 2018. Learn More: Which gets […]
The Price of Pre-Owned Sedans Is on the Rise
Due to the fact that consumers are buying far fewer new sedans, the price for pre-owned sedan models is increasing across the board
Sales for new sedan models across the automotive industry are on the decline. As more drivers choose to buy crossovers and SUVs, sedans are beginning to pile up on dealership lots. As such, one might expect the price for pre-owned sedans to be on the decline. However, recent reports suggest that the opposite is true, […]
2018 March Marks Best Sales Month of Certified, Pre-Owned Vehicles for Kia
Thanks in part to the Kia Forte’s popularity, the month of March recorded the highest sales for Certified, Pre-Owned Vehicles for Kia Motors America. A total of 7,698 CPO vehicles hit the streets with the Forte registering a 20.2% increase. March’s CPO total sales also means Kia has earned a 2.5% increase this year over […]
Lincoln Improves SYNC with New Aviator, Announces Expansion of Pre-Owned Subscription Service
Lincoln’s revitalization project focuses on experience as much as it does product. With the reveal of the new Aviator, the luxury brand also announced updates to Lincoln SYNC, the launch of a subscription service pilot, and the expansion of several pre-existing programs. The Pinnacle of Luxury: Lincoln Black Label provides exclusive aesthetics, experiences “Lincoln is developing […]
Kia’s Certified Pre-Owned Car Program Reigns as Most Popular Again
For three years running, the Certified Pre-Owned Car Program (CPO) of Kia Motors America (KMA) has earned IntelliChoice’s award for Best Popular Program. A division of Motor Trend Automotive Group, IntelliChoice leads the market in analyzing car value and the cost of owning a vehicle. To determine the winner of the Best Popular Program competition, […]
Sales Spotlight: Kia Attains the Highest Quarterly Total for Certified Pre-Owned Vehicles in the Brand’s History
Kia Motors America has just achieved its best-ever quarterly total of 20,346 units, thanks to April, May, and June sales results. Year-to-date, Kia has seen 7.8% more pre-owned vehicle sales than it did last year. The Sedona, Sportage, Cadenza, and K900 had double digit increases in sales, compared to other Kia models. These figures put […]
Honda Launches New Website for Certified Pre-Owned Vehicles
Today Honda debuted a completely redesigned Certified Pre-Owned (CPO) vehicle website, www.HondaCertified.com, which has been upgraded to provide an easier and more focused shopping experience for the automaker’s pre-owned vehicles. The revamped site introduces a new inventory alert feature that gives customers the most up-to-date vehicle availability information, and also filters inventory search results by […]
Dealerships May Be Undercharging You for Certified Pre-Owned Vehicles
Are you thinking about buying a used car? Dealers are always touting the advantages of buying certified pre-owned, but it turns out they may have been undervaluing their own offers. According to a Cox Automotive study released earlier this week, dealers are likely undercharging customers for their CPO vehicles. Spotting a CPO sticker on a […]
Kia Reports Record Certified Pre-Owned Vehicle Sales
Kia is all about giving its customers a lot of luxury for as little a price as possible—and this is a philosophy that extends to the brand’s Certified Pre-Owned (CPO) vehicles, too. While Kia’s regular sales are setting records month after month, the South Korean carmaker’s CPO vehicles are also celebrating all-time sales highs this […]
Ford Picks Up Three TrueCar Pre-Owned Value Awards
According to TrueCar, the 2014 Ford F-150, Edge, and Transit Connect will bring in the most bang for one’s buck in their respective segments upon resale in 2016. The three aforementioned vehicles all won awards for their segments in TrueCar’s first-ever Pre-Owned Value Awards, which seeks to determine which vehicles from the 2014 model year […]