2. Guide to INTRODUCTION
hundred grand: That has become the to competing brands, one way to do that is to
CERTIFIED A mileage norm for powertrain warranties underwrite your problems,” he says.
on certified used vehicles.
For its annual guide to certified pre-owned
Star ting in the 2007 model year, Ford
Motor Co. extended the power train warranty
vehicle programs, Automotive News reviewed on Ford and Mercur y cer tified vehicles to
PRE-OWNED the 29 programs operated by automakers. Of
them, 23 offer warranties that cover used
vehicles’ powertrains for as much as
6 years/100,000 miles. Cer tified Lincoln
cars and trucks get the same warranty
bumper to bumper. Previously, power train
100,000 miles, starting from the time the car coverage on the company’s certified vehicles
VEHICLE or truck was sold as new.
There’s greater variation in the length of
time the owner of a certified vehicle has to
was for 6 years/75,000 miles.
‘Rosy’ forecast
Last February, the GM Certified program
PROGRAMS accumulate those miles. This year, Hyundai
Motor America stretched its 100,000-mile
powertrain coverage to 10 years. Previous
coverage was for
extended its limited powertrain warranty from
3 years/36,000 miles to 5 years/100,000 miles.
GM Cer tified Manager
6 years/75,000 miles. The longer warranty is paying off. “Consumers Paul Pejza says the longer
are responding, our dealers are responding, warranty is paying off.
Tom Libby, senior director
Since it took effect, he
of industry analysis for the and our sales are up.”
Contents Power Information Network,
says longer warranties
says, the brand has
signed up 553 new dealers,
PAUL PEJZA bringing enrollment to nearly
Certified pre-owned vehicle checklist reassure certified customers
MANAGER, GM CERTIFIED PROGRAM 3,900 dealers.
that the factory is standing
and vehicle sales, 7 months 2007 .....................4 behind their purchases. They also strengthen
A July survey showed a
70 percent increase from a survey in
new-vehicle sales by boosting residual values,
Acura, Audi, Bentley, BMW, Cadillac ......................5 he says.
February in the number of GM Certified owners
who cited the extended warranty as a primary
“Manufacturer support is credible to a lot of
Chrysler Motors LLC, Ford division, GM, consumers,” Libby says.
reason for their purchase, Pejza says.
From January through August, GM Certified
Honda Division, Hummer ..................................6 A vehicle’s powertrain typically encompasses
sold 317,398 certified cars and trucks, nearly a
its engine, transmission and driveshaft.
6 percent increase from the year-ago period.
Hyundai, Infiniti, Jaguar, Land Rover, Lexus ...........7 These components rarely fail in later-model
“Consumers are responding, our dealers are
cars and trucks. But when they do, they can
responding, and our sales are up,” Pejza
Lincoln, Mazda, Mercedes-Benz, Mercury, bring hefty repair bills.
says. “The overall picture is pretty rosy.”
Mitsubishi ........................................................8 Quality focus Toyota Motor Sales U.S.A. Inc. increased
Richard Spitzer, global managing partner of its cer tified-vehicle power train warranty to
Nissan Division, Porsche, Saab, Saturn, the automotive practice at the consulting firm 84 months/100,000 miles two years ago. Its
Accenture, says longer warranties can previous warranty was for 72 months/100,000
Subaru ............................................................9 enhance an automaker’s reputation for quality. miles.
Or, Spitzer says, the warranties can be a Norm Olson, sales operations manager of
Suzuki, Toyota Division, Volkswagen division, stopgap fix for companies that sell vehicles Toyota Certified Used Vehicles, notes that the
Volvo ..............................................................10 with reliability problems. program’s warranty is longer than Toyota’s
Studies show that a consumer’s experience new-vehicle powertrain warranty, which is for
Glossary of terms ...............................................10 with a vehicle in the last few months of 5 years/60,000 miles.
ownership greatly influences his or her decision “Even if you buy a cer tified car that is six
Certified pre-owned vehicle sales, to buy that vehicle’s brand again, Spitzer says. months old, you still get two years more
“If you have issues with reliability and durability warranty and an extra 40,000 miles,” Olson
2006 by month ...............................................11 with your product, and you want to prevent losses says. “The warranty is very important.”
Sponsored by
3
3. CERTIFIED PRE-OWNED CE RTI FI E D PR E-OWN E D VE H ICLE SALES
VEHICLE CHECKLIST 7 M O N T H S ’ 07 VS ’ 0 6
7 mos. 7 mos. Percent 7 mos.’07
Interior 2007 2006 change share
airbags vent head restraints dashboard GM Certified* 277,493 262,082 5.9 27.6
safety belts AC power windows illumination
antenna defogger security codes vanity mirror Cadillac 22,726 23,571 –3.6 2.3
steering wheel defrost moonroof sun visor Hummer 692 494 40.1 0.1
audio lighter sunroof fuel and trunk Saab 4,666 4,927 –5.3 0.5
alarm & navigation power outlets convertible top release
systems trim horns odors Saturn 10,305 11,804 –12.7 1.0
carpet mats interior lights GENERAL MOTORS 315,882 302,878 4.3 31.4
floor mats headliner ashtrays Lexus 28,896 25,695 12.5 2.9
heat seats glove box
Toyota Division 160,594 152,265 5.5 16.0
Underhood TOYOTA MOTOR SALES 189,490 177,960 6.5 18.9
engine fluids and wires radiator alternator Ford division, Lincoln, Mercury 92,449 110,808 –16.6 9.2
filters hoses pumps ignition system Jaguar 5,838 7,576 –22.9 0.6
leaks belts tanks starter
fans mounts battery Land Rover 3,358 4,408 –23.8 0.3
Volvo 13,928 16,555 –15.9 1.4
Underbody FORD MOTOR CO. 115,573 139,347 –17.1 11.5
frame differential bushings calipers Acura 23,752 21,002 13.1 2.4
chassis transfer case suspension cylinders
shafts tires and wheels steering pads Honda Division 124,923 107,270 16.5 12.4
exhaust system joints brakes shoes AMERICAN HONDA 148,675 128,272 15.9 14.8
transmission clutch hoses rotors Chrysler group** 74,644 69,332 7.7 7.4
transaxle bars lines drums
Mercedes-Benz 30,475 27,261 11.8 3.0
Exterior DAIMLERCHRYSLER 105,119 96,593 8.8 10.5
major damage brackets trim wipers BMW 49,563 51,412 –3.6 4.9
from rust or doors roof rack exterior lights Audi 15,088 14,527 3.9 1.5
natural disaster hood wheels door locks
paint deck wheel covers remotes Bentley† 352 226 55.8 –
body panels tailgate windows and Volkswagen division 20,831 23,369 –10.9 2.1
bumpers/fenders molding windshield VOLKSWAGEN OF AMERICA 36,271 38,122 –4.9 3.6
hinges grille outside mirrors
Infiniti 1,588 1,216 30.6 0.2
Vehicle history Nissan Division 32,975 27,465 20.1 3.3
VIN match service bulletins recalls scheduled NISSAN NORTH AMERICA 34,563 28,681 20.5 3.4
maintenance PORSCHE 3,845 3,589 7.1 0.4
Road test MAZDA 3,138 3,754 –16.4 0.3
engine noise and vibration transmission and brakes/ABS SUBARU 1,698 1,282 32.4 0.2
performance squeaks and clutch operation MITSUBISHI† 709 1,018 –30.4 0.1
indicator lights rattles steering and SUZUKI 23 45 –48.9 –
gauges cruise control suspension HYUNDAI 603 136 – 0.1
Trunk/luggage compartment TOTAL CERTIFIED
*Includes Buick, Chevrolet, GMC, Oldsmobile and Pontiac
1,005,152 973,089
**Includes Chrysler Division, Dodge and Jeep
3.3 100.0
carpet weatherstripping jack tool kit †Estimate Source: Automotive News Data Center and Autodata Corp.
trim spare tire
Sponsored by
4
4. No. of dealers Dealer Vehicle Is there a Is the Dealer
in program/ fees Independent history warranty warranty return/
Total new- per Dealer third-party report deductible?/ transferable?/ exchange
Program name/Top executive/Web address car dealers vehicle criteria Vehicle criteria inspection Warranty details provided cost fee program
Acura
Acura Certified Pre-Owned Vehicles 268/ $415 Dealers sign a • 150-point inspection Yes • 60 months/62,000 miles from original in-service date Yes No/$0 Yes/$0 3 day
Dan Crowe 268 participation • 6 model years or newer • Powertrain 84 months/100,000 miles from original in-service date exchange
national remarketing manager agreement • Less than 80,000 miles • 12 months/12,000 miles comprehensive after new-car only
www.acura.com/pre_owned warranty expires
• Powertrain 36 months/50,000 miles after new-car warranty expires
Audi
Audi Certified Pre-Owned 265/ $1,150- Audi franchised • 300+ point inspection Yes • Remainder of new vehicle limited warranty Yes Yes/$50 No/$0 None
Mark Ilijanic 265 $1,675 dealer in good • 5 model years or newer • 24 months/50,000 miles comprehensive after new-car
national certified pre-owned manager standing • Less than 60,000 miles warranty expires
www.audiusa.com/certified • In service for at least • Total vehicle miles not to exceed 100,000 miles
4 months or 4,000 miles • Roadside assistance
Bentley
Bentley Certified Pre-Owned 36/ $2,590 Trained and • 154-point inspection No • 4 model years receive one year comprehensive warranty Yes No/$0 Yes/$50 Varies
Patrick Clifford 36 certified staff, • 7 model years or newer • 4-7 model years receive one year limited warranty by dealer
director of operations meets CSI with full benefits of new vehicle and invitation to factory warranty
www.bentleycertified.com standards, must • Roadside assistance
pass all car audits
BMW
Certified Pre-Owned by BMW 338/ $850- Dealers sign a • Comprehensive inspection No • 24 months/50,000 miles comprehensive after new-car No Yes/$50 Yes/$0 Dealer
Bill Bates 338 $1,195 participation • 5 model years or newer warranty expires option
manager, pre-owned sales agreement • Less than 60,000 miles • Roadside assistance
www.bmwusa.com/cpo
Cadillac
Cadillac Certified Pre-Owned Vehicles 1,083/ $1,000 Available to all • 110+ point inspection No • 6 years/100,000 miles comprehensive, bumper to bumper from Yes No/$0 Yes/$0 None
Jeffrey C. Edwards 1,500 Cadillac dealers, • 48 months from original original in-service date
director of sales & retail development, Cadillac participation is in-service date • 2 years/50,000 miles comprehensive after new-car warranty expires
www.cadillac.com voluntary • Less than 50,000 miles • 6 months of OnStar at no additional cost
• Trip interruption and roadside assistance
Note: Total new-car dealers as of September 2007. Dealer fees may include Sponsored by Source: Automotive News Data Center
per-vehicle certification fees, advertising fees and warranty fees.
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5. No. of dealers Dealer Vehicle Is there a Is the Dealer
in program/ fees Independent history warranty warranty return/
Total new- per Dealer third-party report deductible?/ transferable?/ exchange
Program name/Top executive/Web address car dealers vehicle criteria Vehicle criteria inspection Warranty details provided cost fee program
Chrysler Motors LLC
Brand Spankin Used Certified 2,043/ $375- Must be a • 125-point inspection Yes • Powertrain 8 years/80,000 miles from original in-service date Yes Yes/$100 Yes/$150 Yes
Pre-Owned Vehicles 3,669 $405 Five Star dealer • 6 model years or newer • 3 months/3,000 miles Maximum Care from CPO date of sale
Darryl R. Jackson • Less than 65,000 miles • 3 months/3,000 miles comprehensive after new-car warranty expires
vp, U.S. sales • Roadside assistance and rental car allowance
www.brandspankinused.com
Ford division
Ford Quality Checked Certified 2,497/ $395 Compliance test • 115-point inspection Yes • Powertrain 72 months/75,000 miles from original in-service date Yes Yes/$100 Yes/$0 None
Pre-Owned Program 3,641 required, • 4 model years or newer and 36 months/39,000 miles after new-car warranty expires on
Glenn Burke $500-$1,500 • Less than 50,000 miles 2003-06 models
manager, certified pre-owned Ford/Lincoln Mercury annual fee • Powertrain 72 months/100,000 miles from original in-service date and
www.fordcpo.com according to dealer 12 months/40,000 miles after new-car warranty expires on 2007 models
planning volume • Roadside assistance
GM
GM Certified Used Vehicles 3,900/ $399 Dealers sign a • 117+ point inspection Yes • Powertrain 5 years/100,000 miles from original in-service date Yes No/$0 Yes/$0 3 days/
Mark Mathews 7,000 participation • 6 model years or newer • Powertrain 36 months/36,000 from CPO date of sale 150 miles
director, GM used vehicle activities agreement • Less than 60,000 miles • 3 months/3,000 miles extended warranty after new-car customer
www.gmcertified.com, www.gm.com warranty expires satisfaction
• Courtesy transportation and roadside assistance guarantee
Honda Division
Honda Certified Used Cars 1,001/ $359 Dealers sign a • 150-point inspection Yes • 48 months/48,000 miles from original in-service date Yes No/$0 Yes/$0 None
Dan Crowe 1,021 participation • 6 model years or newer • Powertrain 84 months/100,000 miles from original in-service date
national remarketing manager agreement • Less than 80,000 miles • 12 months/12,000 miles comprehensive after new-car
www.hondacars.com/certified warranty expires
• Powertrain 48 months/64,000 miles after new-car warranty expires
Hummer
Hummer Certified Pre-Owned Vehicles 117/ $1,000- Available to all • 110+ point inspection No • 6-years/100,000-miles comprehensive bumper-to-bumper Yes No/$0 Yes/$0 None
John Roth 171 $1,800 dealerships, • 48 months from warranty from original in-service date
director of sales, Hummer participation is original in-service date • 24-month/50,000 mile comprehensive beyond new-car warranty
www.hummer.com voluntary • Less than 50,000 miles • Trip interruption protection, 6 months of OnStar at no additional
cost and roadside assistance
Note: Total new-car dealers as of September 2007. Dealer fees may include Sponsored by Source: Automotive News Data Center
per-vehicle certification fees, advertising fees and warranty fees.
6
6. No. of dealers Dealer Vehicle Is there a Is the Dealer
in program/ fees Independent history warranty warranty return/
Total new- per Dealer third-party report deductible?/ transferable?/ exchange
Program name/Top executive/Web address car dealers vehicle criteria Vehicle criteria inspection Warranty details provided cost fee program
Hyundai
Hyundai Certified Pre-Owned 380/ $449 Dealer must • 150-point inspection No • Powertrain 10 years/100,000 miles from original in-service date Yes Yes/$50 Yes/$0 None
Kimberly Walker 754 enroll and sign • 5 model years or newer • Trip interruption services and roadside assistance
national manager, Assurance Products a participation • Less than 60,000 miles
www.hyundaiusa.com agreement
Infiniti
Infiniti Certified Pre-Owned 182/ $895 Dealers sign a • 142-point inspection Yes • 72 months/100,000 miles from the original in-service date with an Yes Yes/$50 Yes/$0 None
Mark Igo 182 participation • 4 model years or newer optional 1-year service contract
vp and general manager, Infiniti division agreement • Less than 60,000 miles • 24 months/40,000 miles comprehensive after new-car warranty expires
www.infiniti.com • Powertrain 12 months/30,000 miles after new-car warranty expires
• Trip interruption coverage and roadside assistance
Jaguar
Jaguar Select Edition Certified Pre-Owned 179/ $1,195- Available to all • 140-point inspection No • 48 months/50,000 miles from original in-service date Yes No/$0 Yes/$0 None
Marti Eulberg 179 $1,495 Jaguar dealers • 5 model years or newer • Powertrain 72 months/100,000 miles from original in-service date
executive vp, marketing and sales • Less than 60,000 miles • 24 months/50,000 miles comprehensive after new-car
www.jaguarusa.com warranty expires
Land Rover
Land Rover Certified 177/ $985- Available to all • 140-point inspection No • 6 years/75,000 miles from original in-service date Yes Yes/$100 Yes/$0 None
Richard Beattie 177 $1,470 Land Rover • 5 model years or newer • 24 months/25,000 miles after new-car warranty expires
executive vp, marketing and sales dealers • Less than 60,000 miles (for vehicles purchased prior to 11/7/05, coverage is
www.landroverusa.com 12 months/12,000 miles after new-car warranty expires)
Lexus
Lexus Certified Pre-Owned 223/ $845 None • 161-point inspection Yes • 100,000 miles from original in-service date Yes No/$0 No/$0 None
Marv Ingram 223 • 6 model years or newer • 36 months from CPO date of sale
national CPO sales manager • Less than 60,000 miles • Warranty varies by model and mileage after new-car
www.lexus.com/cpo/index.html warranty expires
Note: Total new-car dealers as of September 2007. Dealer fees may include Sponsored by Source: Automotive News Data Center
per-vehicle certification fees, advertising fees and warranty fees.
7
7. No. of dealers Dealer Vehicle Is there a Is the Dealer
in program/ fees Independent history warranty warranty return/
Total new- per Dealer third-party report deductible?/ transferable?/ exchange
Program name/Top executive/Web address car dealers vehicle criteria Vehicle criteria inspection Warranty details provided cost fee program
Lincoln
Lincoln Premier Certified Pre-Owned 1022/ $595 Compliance test • 141-point inspection Yes • 72 months/75,000 miles from original in-service date and Yes Yes/$100 Yes/$0 None
Glenn Burke 1,333 required, • 4 model years or newer 24 months/25,000 miles after new-car warranty expires
manager, certified pre-owned $500-$1,500 • Less than 50,000 miles on 2003-06 models
www.fordcpo.com annual fee • 72 months/100,000 miles from original in-service date and
based on dealer 24 months/50,000 miles after new-car warranty expires on 2007 models
planning volume • Roadside assistance
Mazda
Mazda Certified Pre-Owned 386/ $399- Dealers sign a • 100-point inspection No • Powertrain 8 years/100,000 miles from original in-service date Yes No/$0 Yes/$0 None
John Sellers 674 $799 participation • 5 model years or newer • Additional powertrain 36 months/38,000 miles on vehicles
national manager, sales operations profits agreement • Less than 60,000 miles purchased after Jan. 1, 2003
www.mazdausa.com • 12 months/12,000 miles comprehensive after new-car warranty expires
• Powertrain 36 months/38,000 miles after new-car warranty expires
• Roadside assistance
Mercedes-Benz
Mercedes-Benz Certified Pre-Owned Program 340/ $595- Dealers must • Rigorous inspection Yes • 100,000 miles from original in-service date Yes No/$0 Yes/$0 7 days/
Mike Slagter 340 $1,595 meet training and • 6 model years or newer • 12 or 24 months extended limited warranty 500 miles
vp, sales operations performance • Less than 75,000 miles • 12 months after new-car warranty expires exchange
www.mbusa.com criteria
Mercury
Mercury Certified Pre-Owned 1,051/ $395 Compliance test • 115-point inspection Yes • Powertrain 72 months/75,000 miles from original in-service date and Yes Yes/$100 Yes/$0 None
Glenn Burke 1,921 required, no annual • 4 model years or newer 36 months/39,000 miles after new-car warranty expires
manager, certified pre-owned fee if enrolled in • Less than 50,000 miles on 2003-06 models
www.fordcpo.com Ford or Lincoln • Powertrain 72 months/100,000 miles from original in-service date and
CPO program 12 months/40,000 miles after new-car warranty expires on 2007 models
• Roadside assistance
Mitsubishi
Mitsubishi Certified Pre-Owned Program 205/ $199- One-time • 123-point inspection No • 10 years/100,000 miles from original in-service date Yes No/$0 No/$0 None
Dan Kuhnert 491 $499 enrollment • 5 model years or newer
executive vp, sales & marketing fee of $595 • Less than 60,000 miles
www.mitsubishicars.com
Note: Total new-car dealers as of September 2007. Dealer fees may include Sponsored by Source: Automotive News Data Center
per-vehicle certification fees, advertising fees and warranty fees.
8
8. No. of dealers Dealer Vehicle Is there a Is the Dealer
in program/ fees Independent history warranty warranty return/
Total new- per Dealer third-party report deductible?/ transferable?/ exchange
Program name/Top executive/Web address car dealers vehicle criteria Vehicle criteria inspection Warranty details provided cost fee program
Nissan Division
Nissan Certified Pre-Owned 985/ $349 Dealers sign a • 142-point inspection Yes • 84 months/100,000 miles from original in-service date Yes Yes/$50 No/$0 None
Allen Childs 1,071 participation • 5 model years or newer • Powertrain 24 months/40,000 miles after new-car
vp, parts and service division agreement • Less than 60,000 miles warranty expires
www.nissanusa.com/certified • Optional Security+Plus Pre-Owned Preferred WRAP
• Roadside assistance
Porsche
Porsche Approved Certified Pre-Owned 213/ $1,495- Compliance • 100+ point inspection Yes • Up to 6 years/100,000 miles from date of sale Yes No/$0 Yes/$0 None
Vehicle Program 213 $1,595 with CPO policy • 8 model years or newer • Maximum of 24 months/100,000 miles after new-car
Kevin Harvey and procedures • Less than 100,000 miles warranty expires
national manager, pre-owned vehicles • Roadside assistance
www.porschedealer; www.porsche.com/usa
Saab
Saab Certified 232/ $1,195 Dealers sign a • 110+ point inspection No • 72 months/100,000 miles from original in-service date Yes No/$0 Yes/$0 None
Mark Dysarz 245 participation • 4 model years or newer • Extended limited warranty available
retail operations specialist/Saab CPO manager agreement and • Less than 60,000 miles • Roadside assistance
www.saabcertified.com are in good
standing
Saturn
Saturn Certified Pre-Owned* 435/ $115- Participation • 117-point inspection No • Limited powertrain 5 years/100,000 miles Yes No/$0 Yes/$0 3 days/
Ann Campbell 435 $499 included • 5 model years or newer • 39-month/39,000-mile extended warranty if vehicle is within 150 miles
Saturn retail programs in franchise • Less than 60,000 miles manufacture’s base warranty period vehicle
www.saturn.com/saturn/vehicles/preowned agreement • 3 months/3,000 miles after new-car warranty expires exchange
*CPO program scheduled to begin Oct. 15, 2007
Subaru
Subaru Certified Pre-Owned Vehicle 435/ $495 + Dealers sign a • 152-point inspection No • Powertrain 6 years/100,000 miles from original in-service date Yes No/$0 Yes/$35 None
Tim Colbeck 581 surcharges participation • 5 model years or newer • Roadside assistance
vp, sales agreement • Less than 80,000 miles
www.subaru.com
Note: Total new-car dealers as of September 2007. Dealer fees may include Sponsored by Source: Automotive News Data Center
per-vehicle certification fees, advertising fees and warranty fees.
9
9. No. of dealers Dealer Vehicle Is there a Is the Dealer
in program/ fees Independent history warranty warranty return/
Total new- per Dealer third-party report deductible?/ transferable?/ exchange
Program name/Top executive/Web address car dealers vehicle criteria Vehicle criteria inspection Warranty details provided cost fee program
Suzuki
Suzuki Certified Used Car Program 35/ $889 Dealers sign a • 144-point inspection No • 12 months/12,000 miles from CPO date of sale Yes No/$0 Yes/$0 None
Tim Finley 523 participation • 5 model years or newer • Transferable 7-year/100,000-mile powertrain warranty from
national fleet and remarketing manager agreement • Less than 70,000 miles original in-service date
www.suzuki.com and must meet • Must pass title history • Roadside assistance
minimum dealer check by Carfax
standards
Toyota Division
Toyota Certified Used Vehicles 1149/ $450 Must be a • 160-point inspection Yes • Powertrain 84 months/100,000 miles from original in-service date Yes Yes/$50 Yes/$0 Dealers
Al Smith 1,224 franchised • 7 model years or newer • 3 months/3,000 miles comprehensive warranty at CPO date of sale option
corporate manager Toyota dealer • Less than 85,000 miles • Powertrain 12 months/40,000 miles after new-car warranty expires
www.toyota.com/certified • Roadside assistance
Volkswagen division
Volkswagen Certified Pre-Owned 595/ $450- Volkswagen • 112-point inspection No • 24 months/24,000 miles from CPO date of sale Yes No/$0 Yes/$150 None
Patrick McFall 595 $1,250 dealers • 5 model years or newer • Complimentary membership to VW Club
general manager, CPO and corporate sales in good • Less than 75,000 miles • 2-year roadside assistance
www.vw.com/preloved standing
Volvo
Volvo Certified Pre-Owned 355/ $950- Volvo dealers • 130+ point inspection No • 6 years/100,000 miles from original in-service date Yes No/$0 Yes/$0 None
Johnny Lee 355 $1,195 in good • 5 model years or newer • 2 years/50,000 miles comprehensive after new-car
pre-owned car line manager standing • Less than 80,000 miles warranty expires
www.volvocars.us/tools/CertifiedPreOwned • Roadside assistance Source: Automotive News Data Center
Note: Total new-car dealers as of September 2007. Dealer fees may include per-vehicle certification fees, advertising fees and warranty fees.
G LO S SARY OF C E RTI F I E D P R E -O WN E D V E H I C LE T E R M S
Certified pre-owned vehicle Vehicle history report
A previously owned vehicle sold with the original manufacturer’s certification that the vehicle is in A report generated by using the 17-character vehicle identification number providing information regarding the
optimal condition. The manufacturers select vehicles based on age, mileage and a multiple-point inspection process. Age, history of a vehicle. The type of information that may be available includes salvaged or junk titles, flood damage, accident
mileage and inspection criteria vary by manufacturer. history, odometer readings, lemon history, state emissions results, number of owners, service records, lien activity, or vehicle
Certified warranty details use (taxi, rental, lease, etc.).
Most certified pre-owned warranty programs transfer and extend the existing new-car warranty terms or add Point inspection
additional terms and mileage. Warranty coverage varies by manufacturer. A comprehensive vehicle inspection to ensure that the vehicle is in excellent working order. The point inspection
Warranty deductible is a list of the parts of the vehicle that are examined. Each manufacturer has its own inspection list, but most are similar.
The amount the owner is responsible for when repair work is performed under CPO warranty. All inspections are performed under strict manufacturer guidelines.
Many manufacturers do not require a deductible.
Independent third-party inspection
Transferable warranty A vehicle inspection completed by an outside party that is not affiliated with the dealership.
If the owner of a certified pre-owned vehicle sells the vehicle and it is within the warranty period, the new owner may be eli-
gible for a transfer of the warranty. Some manufacturers require the new owner to pay a transfer fee. Roadside assistance
Most certified pre-owned programs offer free roadside service while the vehicle is under warranty.
Vehicle criteria
To be considered for certification, a vehicle must be a recent model year, have limited mileage and pass a Return/exchange
multiple-point inspection process. Each manufacturer has its own set of requirements. Some manufacturers allow for a limited period of time in which a customer can return or exchange a vehicle.
Sponsored by Source: Automotive News Data Center
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