Friday, May 26, 2017 3:43:49 AM
New or pre-owned? Is that your question ?
As with most things fueling the US economy, 2017 is proving very interesting for the auto industry. With annual sales volume cut almost in half by the economic downturn in 2009 and 2010, the last few years have seen new car and truck sales rebound to around 17,000,000 per year, a robust figure that most experts agree cannot last. But many carmakers want to maintain that sales rate, attempting to perpetuate those volumes even when actual consumer demand mandates a lower figure. This push for new sales necessitates a greater focus on pre-owned sales, including the selling of certified pre-owned (CPO) cars, trucks and SUVs.
We’ve compiled an inventory of options, new versus CPO, at a variety of price points. ‘New’, of course, gives you all of the benefits of first-time ownership, but also saddles you with the vehicle’s initial depreciation – typically calculated at almost 30%. In virtually all certified pre-owned programs, the manufacturer and its partner/dealer complete a comprehensive inspection (Mercedes has 165 checks, Porsche 111), and once completed supply the car, truck or SUV with enough warranty to overcome your insecurities and, ideally, outlast your payment schedule.
Here, then, are some options, whether your budget is at $25,000 or $55,000.
http://www.autoblog.com/photos/weighing-the-benefits-of-new-versus-cpo/
Buy the book: Weighing the benefits of new versus CPO (Certified Pre-Owned)
As with most things fueling the US economy, 2017 is proving very interesting for the auto industry. With annual sales volume cut almost in half by the economic downturn in 2009 and 2010, the last few years have seen new car and truck sales rebound to around 17,000,000 per year, a robust figure that most experts agree cannot last. But many carmakers want to maintain that sales rate, attempting to perpetuate those volumes even when actual consumer demand mandates a lower figure. This push for new sales necessitates a greater focus on pre-owned sales, including the selling of certified pre-owned (CPO) cars, trucks and SUVs.
We’ve compiled an inventory of options, new versus CPO, at a variety of price points. ‘New’, of course, gives you all of the benefits of first-time ownership, but also saddles you with the vehicle’s initial depreciation – typically calculated at almost 30%. In virtually all certified pre-owned programs, the manufacturer and its partner/dealer complete a comprehensive inspection (Mercedes has 165 checks, Porsche 111), and once completed supply the car, truck or SUV with enough warranty to overcome your insecurities and, ideally, outlast your payment schedule.
Here, then, are some options, whether your budget is at $25,000 or $55,000.
http://www.autoblog.com/photos/weighing-the-benefits-of-new-versus-cpo/
Buy the book: Weighing the benefits of new versus CPO (Certified Pre-Owned)
The posts contained on my (gotmilk) account are my own opinions and are not recommendations or advise to buy or sell any security, stocks or other investments. These posts are for entertainment purposes only and are not considered to be facts or truth.
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