A familiar name has once again topped U.S. News & World Report’s CPO brand rankings. And it also continues a win streak on the pre-owned awards circuit.
U.S. News Best Cars has named its Best Certified Pre-Owned Program award winner for 2020, and taking top honors for the fourth year is Lexus.
(U.S. News Best Cars is the automotive arm of U.S News & World Report.)
The award, announced here Tuesday by U.S. News & World Report, each year recognizes the program with the most benefits for consumers, utilizing U.S. News Best Used Cars rankings data as well as program information from the CPO brands.
Lexus, specifically, was recognized for the length of its warranty, among other benefits, the publication said in a news release. That warranty coverage lasts for up to two years and has no mileage limit or deductible.
Lexus was also lauded for program amenities like roadside assistance, complimentary loaner cars and four free factory maintenance service visits within the first two years/20,000 miles of owning the car. Moreover, Lexus earned points for its used-car dependability.
"Lexus offers used-car buyers an excellent CPO warranty, as well as a long list of CPO program benefits, like free maintenance visits and a free loaner car," U.S. News Best Cars executive editor Jamie Page Deaton said in the release.
"As an added bonus, Lexus' reliability record means that while their CPO warranty is long, and the program has a lot of perks, owners may never need to use either,” she said.
Lexus also picked up honors in the Vincentric Best Certified Pre-Owned Value in America Awards, which were handed out last week at Used Car Week.
Lexus picked up five segment-level awards in that program, while also winning the Luxury Car brand award for the third straight time.
What’s more, Lexus was the top premium brand in the 2020 Pre-Owned Value Awards from ALG, honors that were also handed out at Used Car Week.