Breakdown of CPO loyalty, listing price & mileage
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
LAS VEGAS –
Consumers who buy certified pre-owned vehicles are loyal to the automaker more than 62 percent of the time, according to a presentation from Experian Automotive at the NADA Convention and Expo here earlier this month.
Their manufacturer loyalty rating (62.2 percent) trails that of new-car buyers (64.8 percent) but is nearly three points higher than non-CPO used buyers (59.5 percent), Experian said.
Likewise, make loyalty is 54 percent for CPO, versus 47 percent for non-CPO used and 57.5 percent for new.
Certified commands 20.9 percent model loyalty, against 26.1 percent for new and 15.1 percent for non-CPO used, their data shows.
Listing price, mileage trends
In its Used Vehicle Market Report – Special Edition released in conjunction with the NADA event, Edmunds.com shared a couple other key differences that make CPO stand out: listing prices and average mileage on the cars.
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
For model-year 2015 vehicles, the average price on a CPO car was $24,941, with the non-CPO coming in at $23,884. Average mileage on a CPO was 14,030, while average mileage on a non-CPO was 17,001.
Among cars from 2014, CPO units listed for $23,632, against $22,012 for non-certified. The mileage for certified vehicles averaged 25,725; for non-CPO, it was 29,175.
In the 2013 class, the average CPO price was $21,607, with the tag on a non-CPO at $19,817. The average CPO unit had 32,392 miles, versus 37,470 on a non-CPO.
Lastly, CPO vehicles in the 2012 model year had an average price of $19,967, compared to $18,563 for the non-certified variety. The miles were 38,499 on certified vehicles and 47,879 on non-CPO.