Back in January, analysts from the National Automotive Dealers Association predicted that the prices of used cars are poised to drop and approach their historical average after a so-called inventory drought. Three months hence, Automotive News reporter Arlena Sawyers writes in a recent article that an estimated 2.1 million vehicles coming off lease are expected to swell the used car inventory, thereby driving prices down. Such a turn of events is no doubt welcome news to any consumer in search of affordable used cars in Slidell, LA.

On the other hand, new car buyers face the prospect of lower vehicle trade-in values as a result of the increased supply of used cars. At the same time, such a development creates an opportunity for auto dealers to offer even more affordable and high-quality used vehicles by means of certified pre-owned programs. In another article, Sawyers illustrates the kind of strategy the industry is likely to adopt:
"Certified pre-owned" programs feed on off-lease vehicles. They provide another profit center for dealers, introduce consumers to a brand and bolster residual values. The industry sold 2.1 million certified pre-owned units in 2013 -- up 15 percent compared with 2012 -- exceeding the number of units that came off lease. In 2003, the industry sold 1.5 million certified pre-owned units, equal to less than half of the units that came off lease that year.
At any rate, analysts agree that the industry is ready for the changes expected to take place. Meanwhile, consumers would do well to consider the benefits that a certified pre-owned program has to offer.
Among other things, certified pre-owned (CPO) or used cars near Baton Rouge, LA typically enjoy manufacturer support beyond the original warranty. Edmunds.com adds that any true CPO vehicle is likely to have undergone a 100-point inspection in the hands of factory-trained technicians before it is deemed fit to be sold as such. In addition, CPO vehicle owners get to enjoy perks otherwise reserved for new car owners--e.g. emergency roadside assistance, shuttle pick-up and drop-off, and free maintenance.
In addition to these privileges, clients can expect no less than exceptional service from a reputable certified pre-owned dealer such as Baldwin Subaru. From the initial inquiries all the way to after-sales support services, such a dealer will ensure that each client's needs are met.
(Source: What can industry do to boost leases, residuals?, Automotive News, April 21, 2014)




