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IntelliChoice.com Names Volvo as Having Best CPO Program

Posted By: Park Place Volvo - 2010-02-10

Volvo Ranked Highest on Overall Value

IntelliChoice.com, the leading provider of automotive cost and value analysis and part of Source Interlink Media, today announced the winners of its 11th annual ranking of Certified Pre-Owned (CPO) manufacturer-sponsored programs at the 2010 National Remarketing Conference & Used Car Expo, in Las Vegas. For the third straight year, Volvo took the top ranking among Luxury manufacturers. Volvo continued to dominate the rankings with a focus on consistency and quality in their programs.IntelliChoice.com issues the industry's only report card for Certified Pre-Owned vehicles and many OEMs have developed their programs using the IntelliChoice.com inspection and ranking criteria as benchmarks. "While the CPO market has seen both gainers and losers over the past twelve months, CPOs are showing slower sales declines versus new car sales. GM brands represent 24 percent of all CPOs sold in the US--and the rankings show they take the CPO programs seriously. These programs allow buyers looking for value to buy a great car without taking the hit on depreciation from day one," said Eric Anderson, senior analyst, Intellichoice.com.

IntelliChoice.com 2010 CPO Winners

IntelliChoice.com investigates and analyzes 32 manufacturer programs. Certified Pre-Owned Vehicles (CPOs) are cars, trucks and sport utility vehicles that have come off lease or have been resold to dealers, and have been thoroughly inspected prior to sale. IntelliChoice.com's Best Certified Pre-Owned Awards are presented in two major classes: Luxury and Non-Luxury.

Methodology

IntelliChoice.com initiated its Certified Pre-Owned awards program ten years ago to address the significant growth of the CPO offering and consumer demand for comprehensive analysis. Programs are rated on a set of eight criteria that consumers identify as having the most value:

• Extended manufacturer warranties

• Title verification • Certification inspection process

• Roadside assistance--Special financing

• Return exchange policies

• Program/dealer compliance

• Brand value

About IntelliChoice.com and Source Interlink Companies, Inc.IntelliChoice.com, part of Source Interlink Media, LLC., is the market leader in automotive ownership cost and car values analysis. Founded in 1986, IntelliChoice.com is committed to empowering consumers to make better purchase decisions by providing independent and essential automotive information and tools.