SANTA MONICA, California — Edmunds.com is alerting car shoppers to the benefits of certified pre-owned or CPO vehicles as part of "CPO Month" in May.
The outreach effort includes partnerships with title sponsors Toyota and Lexus, along with backing from Mercedes-Benz and Volvo.
"Many automakers have a 'Truck Month' or other sales events for specific segments, but CPO has been largely ignored — until now," said George Kang, Senior Vice President of OEM Business for Edmunds. "Shoppers owe it to themselves to learn more about the benefits of certified pre-owned cars because they're likely to find many of the perks that come with new car ownership, but at used car prices.
A CPO vehicle typically undergoes a minimum 100-point inspection in which any mechanical and body issues are addressed. The vehicles usually feature a manufacturer-backed warranty and other benefits, including free maintenance, 24/7 roadside assistance and low-APR financing.
For example, Lexus CPO vehicles feature an unlimited mileage warranty of up to six years, a two-year/20,000-mile complimentary maintenance plan, 161-point inspection and 24/7 roadside assistance.
Toyota Certified Used Vehicles offer buyers a 12-month/12,000-mile limited comprehensive warranty, seven-year/100,000-mile limited powertrain warranty, one year of roadside assistance and a 160-point quality assurance inspection.
Edmunds.com makes it easy for all shoppers to make side-by-side comparisons for each manufacturer's CPO program at /certified-cars/.
Edmunds says: With a glut of near-new cars coming off lease and back into used car inventory, dealers have more CPO-eligible vehicles to market than ever before — and shoppers are taking notice.