DEARBORN, Mich. (Aug. 15, 2012) — Ford Motor Company is on track to realize a 29 percent growth in Certified Pre-Owned (CPO) vehicle sales this year versus 2011.
The rise in sales comes on the heels of a major revamp of the CPO program, and according to John Felice, general manager, Ford and Lincoln Sales, it represents a win-win-win for Ford Motor Company, its dealers and, most importantly, its customers.
“A robust CPO program keeps more vehicles in the dealer network. It improves residual values, enhances dealer profitability, brings more customers to Ford and Lincoln lots, and ultimately results in lower vehicle costs for consumers,” Felice said. “As sales of our new products continue to grow, so will the demand for high-quality, low-mileage pre-owned Ford and Lincoln vehicles. That’s why we work very closely with our dealers to invest in our CPO program and make it even more competitive.”
Customers who buy CPO Ford Motor Company vehicles now receive a 12-month/12,000-mile comprehensive limited warranty coverage, compared to the three-month/3,000-mile warranty coverage previously offered. And the powertrain warranty has been improved from a six-year/100,000-mile to a seven-year/100,000-mile limited warranty coverage. Customers receive seven years of Roadside Assistance and free Sirius Radio for three months on equipped vehicles.
Lincoln CPO customers now receive a six-year/100,000-mile comprehensive limited warranty coverage. They also receive six years of Roadside Assistance and free Sirius Radio for three months on equipped vehicles.
Marc Cross, owner of Jordan Ford in San Antonio, Texas, is one of the top 25 Ford CPO volume dealers in the country. His dealership just set an all-time CPO record in July for selling 94 vehicles in one month.
“When most people buy a used car, their biggest fear is what’s going to happen later,” Cross said. “The new enhanced warranty helps alleviate some of that apprehension.”