Certified pre-owned vehicles have been around long enough to see the ranking manufacturer-sponsored CPO programs. It’s the only award ranking out there like it – to the extent that some manufacturers have developed their CPO programs using the IntelliChoice inspection and ranking criteria as benchmarks, according to the company.
Here’s the six winners for this year and reasons for their recognition:
Best Premium CPO Program Award: Volvo Certified Pre-Owned
The Volvo Certified Pre-Owned Program has been IntelliChoice’s top Premium Program for the last eight years and has achieved a 100% Inspection Score since 2008, which speaks to the thoroughness of its inspection process. Volvo has sold over 10,000 certified pre-owned vehicles in the first three quarters of 2014, which represents a 34% increase over the same time period in 2013. All of Volvo’s 307 dealerships participate in the program.
Best Popular CPO Program Award: Hyundai Certified Pre-Owned
For the fourth-consecutive year Hyundai received the distinction of “Best Popular Program” in IntelliChoice’s annual Certified Pre-Owned (CPO) Car Awards. Hyundai secured the top spot amongst 14 popular brands due to its strong used car brand value and CPO sales market penetration. Hyundai’s pre-owned program, Hyundai Certified Pre-Owned sees 782 dealerships enrolled, which is 95% of available dealerships. Hyundai has sold over 71,000 certified pre-owned vehicles in the first three quarters of 2014, which represents an increase of about 24% over the same time period in 2013.
Best Premium CPO Warranty Award: Volvo Certified Pre-Owned
Here’s the certified pre-owned warranty: 84-Month/100,000-mile comprehensive from original in-service date. As for the benefits beyond the new car warranty: 24-month/50,000-miles comprehensive for 2012 models; 24-month/40,000-miles comprehensive for 2010 and 2011 models, and 36-month/50,000-mile comprehensive for models 2007–2009.
Best Popular CPO Warranty Award: MINI NEXT Certified Preowned
MINI has had the best Popular Brand Warranty since 2008. As for its CPO warranty: 24-Month/50,000-mile named exclusion warranty after the new car 4 Year/50,000 mile warranty expires. Benefits beyond the new car warranty: 24-month/50,000-mile named exclusion warranty.
Best Premium Brand Used Ownership Costs Award: Lincoln Certified Pre-Owned
Lincoln Certified Pre-Owned, has sold over 19,000 certified pre-owned vehicles in the first three quarters of 2014, an increase of 18% over the same time period in 2013. Based on the annual IntelliChoice Certified Program Analysis, Lincoln was the top Premium Brand in Used Car Ownership Costs for the last four years, as well as receiving a 100% Inspection Score.
Best Popular Brand Used Ownership Costs Award: Honda Certified Used Cars
Honda’s pre-owned program, Honda Certified Used Cars sees 1,034 dealerships enrolled, which is 98% of available dealerships. Honda has sold over 174,000 certified pre-owned vehicles in the first three quarters of 2014, which represents a decrease of about 8% over the same time period in 2013. The Honda CPO program was the best Popular Program from 2000 to 2004 and has been in the Top Five for the 14 out of 16 years of our analysis. Honda also won Best Popular Brand in Used Car Ownership Costs for 2013 and 2015.