FOR IMMEDIATE RELEASE
Edmunds.com Reveals Least Expensive Compact Certified Pre-Owned Vehicles
Chevrolet Aveo is Best One-Year-Old CPO Value; Chevy Cavalier Best Three-Year Old CPO Value
SANTA MONICA, Calif. — August 21, 2008 — Certified Pre-Owned (CPO) vehicles continue to increase in popularity as consumers look for used vehicles with new-car warranty and service benefits. Edmunds.com, the premier online resource for automotive information, today released a list of the least expensive one-year-old and three-year-old fuel-efficient compact CPO vehicles.
"The uncertain economic environment has created a climate well-suited to CPO vehicles," said Joe Spina, Senior Manager of Remarketing, Edmunds.com. "CPO vehicles give consumers the opportunity to spend less than the cost of a new vehicle and still enjoy the benefits of a factory-backed warranty."
Edmunds.com is the only automotive price guide that provides consumers with average transaction prices for CPO vehicles. Edmunds.com True Market ValueŽ pricing calculations for CPO vehicles take into account dealer inspection and reconditioning costs, the cost of providing a manufacturer warranty, and the cost of additional benefits provided by certain manufacturers, such as roadside assistance and loaner vehicles. To compare CPO programs by manufacturer, visit Edmunds' CPO Comparator.
The following lists of least expensive fuel-efficient one-year-old and three-year-old compact CPO vehicles appear below:
|Three-Year-Old Certified Pre-Owned Vehicles|
|One-Year-Old Certified Pre-Owned Vehicles|
"Consumers still need to do their homework," cautioned Spina. "A late model CPO vehicle could be priced close to a new vehicle. And new vehicles typically have better financing terms available and higher incentives, which could actually make the new vehicle a better value in the long run."
Edmunds.com also cautions consumers against confusing dealer-certified programs — which are offered by individual dealers — with manufacturer CPO programs; dealer programs will likely have more limited benefits, and may not be honored by any other dealer.
About Edmunds Inc. (http://www.edmunds.com/about/)
Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value®, is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site" according to every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site. AutoObserver.com launched in 2007 and provides insightful automotive industry commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.