Kelley Blue Book has introduced the CPO Price Advisor, which is a new source for certified pre-owned vehicle pricing that has been added to its Price Advisor product suite.
CPO Price Advisor pricing information is based on recent certified vehicle sales transactions and is adjusted for local market conditions and seasonal trends.
The KBB CPO Price Advisor is now available on KBB.com and on participating dealer websites.
“Updated for the needs of a new-age, CPO car shopper, the Kelley Blue Book CPO Price Advisor is utilizing granular data to equip consumers with the most up-to-date information possible when buying a certified vehicle,” KBB general manager Mike Sadowski said in a news release.
In addition to KBB CPO Fair Market Range and CPO Typical Listing Price information, the new CPO Price Advisor presents three different pricing zones by color — white, green and red.
The white zone represents pricing that falls below the KBB CPO Fair Market Range, the green zone reflects current market conditions for a selected vehicle in a buyer’s location and the red zone indicates an exceptionally low supply with high demand and falls above the KBB CPO Fair Market Range.
“CPO sales continue to climb with 2017 marking the seventh consecutive year for sales growth. Cox Automotive estimates sales will continue their record streak in 2018 with 2.7 million CPO vehicles sold for the year, making the need for the latest in CPO vehicle pricing a need more than ever before.”
Autotrader's top CPO deals
In other CPO-related news from Cox Automtoive, Autotrader has come out with its latest list of the top incentive deals available on certified pre-owned vehicle purchases throughout the month, as early-year car shoppers continue to make their way to car lots and showroom floors in search of attractive deals .
Along with Cadillac’s recently upgraded CPO program, this month’s list also features Lexus, which touts a special incentive on CPO versions of the Lexus RX, plus six years of bumper-to-bumper warranty coverage with no mileage limit from the original sale date.
Cadillac’s recently upgraded CPO program boasts six years or 100,000 miles of bumper-to-bumper coverage from the original sale date, along with 2.9-percent interest for up to 60 months on CPO versions of the ATS sedan, Escalade and SRX luxury SUVs.
In addition to seven years or 100,000 miles of bumper-to-bumper coverage from the original sale date, the Jaguar CPO program is also offering the Jaguar XF sedan with 0.9-percent interest for 24 months, 1.9-percent for up to 60 months and 2.9-percent for up to 72 months.
Through the end of February, Lexus CPO program shoppers can get six years of bumper-to-bumper warranty coverage, with no mileage limit from the original sale date. And those interested in the Lexus RX can get 1.9-percent interest for up to 48 months on CPO versions of the model. The offer includes the RX 350 and hybrid RX 450h models.
At Lincoln, CPO buyers are being offered bumper-to-bumper warranty coverage for up to six years or 100,000 miles from the original sale date, and those qualified can get 2.9-percent interest for up to 66 months on their CPO Lincoln through the end of February.
Mazda’s CPO program touts an incentive on CPO versions of the Mazda3 and seven years or 100,000 miles of powertrain coverage from the original sale date this month. Shoppers interested in CPO Mazda3 models from years 2014, 2015 and 2016 can get 0.9-percent interest for up to 36 months or 2.9-percent interest for up to 60 months. Additionally, buyers who finance through Mazda qualify for a free first payment.
This month, Nissan CPO program shoppers can get additional powertrain warranty coverage for up to seven years or 100,000 miles from the original sale date, along with 1.95-percent interest for up to 36 months or 3.99 percent interest for up to 72 months.
At Toyota, in addition to an added year of bumper-to-bumper coverage and up to seven years or 100,000 miles of powertrain protection, buyers of CPO Toyota Camry and Camry Hybrids can get 1.9 percent interest through the end of February.
Volkswagen’s CPO program presents an extra incentive this month. On top of offering five years or 60,000 miles of bumper-to-bumper coverage for most CPO models, qualified shoppers can also get 1.99-percent interest for up to 60 months on all CPO Volkswagen models.