At a recent Las Vegas conference, IntelliChoice announced the winners of its 13th annual ranking of manufacturer Certified Pre-Owned (CPO) programs.
IntelliChoice is regarded as the leading provider of cost of automotive ownership data and is part of the Motor Trend Automotive Group.
At its awards, it declared that for the fifth straight year, Volvo had earned the top ranking among Premium manufacturers, while Hyundai was ranked highest among Popular brands.
Each year, IntelliChoice issues the industry’s only independent report card comparing Certified Pre-Owned programs offered to consumers through franchise dealerships.
Certified Pre-Owned Vehicles (CPOs) consist of cars, trucks and sport utility vehicles that have come off lease or been resold to dealers, and are thoroughly inspected prior to re-sale.
“In 2008, Hyundai had placed third overall in the Popular category, but was finally able to break into the top spot, overtaking the two previous winners, Mini and Volkswagen,” said Eric Anderson from IntelliChoice. “While Volvo was able to retain its top ranking in the Premium category, with Cadillac and Porsche not far behind.”
Tyler Schulze from IntelliChoice, added, “The Certified Pre-Owned segment continues to be very important to manufacturers and dealers alike. The ability for dealers to certify their best used cars and trucks under a program sponsored by the manufacturer is a clear win for both the consumer and the dealer.”
IntelliChoice originally developed its CPO analysis methodology to address the growth of manufacturer CPO programs and to provide consumers with comprehensive automotive analysis and advice. It investigates and analyzes 26 manufacturer programs, which are divided into two major classes: Premium and Popular. Programs are then rated on nine criteria that consumers have identified as being most valuable to their decision-making processes, including extended warranties, title verification, return/exchange policies and used cost of ownership.
The 2012 Winners Include:
- Overall Winner - Volvo
- Best Warranty - Porsche
- Used Cost of Ownership - Lincoln
- Overall Winner - Hyundai
- Best Warranty - Mini
- Used Cost of Ownership - Toyota
Top 5 Popular Programs:
Top 5 Premium Programs: