Ford and Toyota had the most models named as having the best certified pre-owned value among 37 segments by Vincentric, the vehicle valuation firm announced.
While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?
The third annual Vincentric Best Certified Pre-Owned Value in America awards were announced, with Audi, Ford, Honda, and GMC honored with awards recognizing their superior CPO in key vehicle categories.
Certified pre-owned vehicle sales accounted for 22.7 percent of used sales by dealers, setting a record for a single quarter, according to a report by Edmund's.com. Overall, the sale of used vehicles came in strong in the second quarter of 2015 at approximately $9.6 million, growing at a 5.1 percent year-over-year.
Ford and Toyota each took seven categories in Vincentric's 2014 Best CPO (certified pre-owned) Value awards announced today that covered 41 vehicle segments as well as three affordable brands.
The erroneous perception of a beat-up off-rental car will linger as long as misguided disclosure laws remain.
The key is to understand what is meant by “fleet” — and then separate perception from reality.