Automotive News - September 29, 2008 - (Page G3) Guide to INTRODUCTION CERTIFIED PRE-OWNED VEHICLE PROGRAMS A Contents Certified pre-owned vehicle checklist and vehicle sales, 7 months 2008 4 Acura, Audi, Bentley, BMW, Cadillac 5 Chrysler LLC, Ford and Mercury, GM, Honda Division, Hummer 6 Hyundai, Infiniti, Jaguar, Kia, Land Rover 7 Lexus, Lincoln, Mazda, Mercedes-Benz, Mitsubishi 8 Nissan Division, Porsche, Saab, Saturn, Subaru 9 Suzuki, Toyota Division, Volkswagen division, Volvo 10 Glossary of terms 10 Certified pre-owned vehicle sales, 2007 by month 11 Sponsored by reports. They get data from state departments utomakers, dealers and consumers agree: You can predict the future of a of motor vehicles, dealership ser vice used car or truck by studying its past. depar tments and insurance companies. That’s why vehicle history reports have Experian Automotive reported this month become staples of car companies’ certified that in the first half of 2008, about 1.3 million used vehicle programs. vehicles got branded titles. Of those vehicles, nearly 15 percent now have clean titles that Each of the 29 certified programs covered in don’t identify their damage, Experian says. this guide requires documentation that the Mark Mathews, director of General Motors’ vehicles it sells have not had major damage. used-vehicle activities, says histor y repor ts The reports reassure certified customers, allow dealers to avoid those cars and trucks. says Glenn Burke, Ford Motor Co.’s certified “We require that the repor t is run and that pre-owned manager. the dealer give that repor t to the consumer,” The reporting “is integral to our program,” he says. Burke told Automotive News. “It tells consumers Knowledge is power that the vehicle they’re buying has been a Vehicle histor y repor ts give consumers great vehicle up to that point, with no issues more control over their or problems.” used-vehicle purchases, Norm Olson, sales “We don’t waste time if it doesn’t says a 2007 study by J.D. operations manager of pass the Carfax report” Power and Associates. Half Toyota Cer tified Used of the buyers of non-luxur y Vehicles, says getting a NORM OLSON cer tified vehicles and 58 vehicle histor y from Car fax SALES OPERATIONS MANAGER percent of buyers of luxur y Inc. is the first step Toyota TOYOTA CERTIFIED USED VEHICLES cer tified vehicles got histor y dealers should take when repor ts, the study says. they seek to cer tify used Nearly two-thirds of buyers who took part in cars and trucks. the certified study said they would not have “We don’t waste time if it doesn’t pass the purchased their vehicles without the history Carfax report,” Olson says. The Toyota brand report. About 15 percent rejected a vehicle has required dealers to obtain history reports based on its history report, Power says. on all certified used vehicles since 2005. “People are buying used vehicles because Reliance on vehicle histor y repor ts is not they feel they can get a high-quality vehicle, the only thing that manufacturers’ cer tified almost like new, at much better prices,” says Jon Osborn, Power’s research director. “But programs share. To qualify for cer tification, they’re always worried about how the vehicle used vehicles must be late-model. They was treated and maintained by the previous undergo inspection and rigorous mechanical owner. and cosmetic reconditioning. They are covered “Vehicle history reports alleviate and by factory warranties. address head-on any concerns about how the History lesson vehicle was treated in the past,” Osborn says. A vehicle history report tells how many owners Carfax guarantees it will buy back any vehia car or truck has had. It indicates whether a cle it reports as having a clean title, but for vehicle was issued a title brand because of which a state department of motor vehicles major damage in a collision, bad weather or a issued a branded title. The company offers to fire. A branded title disqualifies a vehicle from pay as much as 10 percent over Kelley Blue factory certification. Book retail value when it buys back a used Proponents say vehicle histories also vehicle. discourage odometer tampering and identify Says Carfax spokesman Chris Basso: cars and trucks that state lemon laws define “We’ve bought back 12 vehicles in 4½ years. as defective. Considering that millions of people buy Carfax and Experian Automotive are among Car fax reports every year, we think our record the major suppliers of used-vehicle history is pretty solid.” 3
Table of Contents Feed for the Digital Edition of Automotive News - September 29, 2008 GM, Ford and Chrysler place new-product bets Credit freeze could mean cash crisis Mr. Big Volume reaches the end of the line Korea's revolving door Mazda quits Ford Credit for Chase Mitsubishi, UAW reach tentative agreement Volt could break feds' 100 mpg ceiling Chase cuts back on auto leasing Target for Traverse: No. 1 in large crossovers BMW's new 7 series: Timing may be all wrong Tucson revisited Can Ford light fire under Fiesta? Lithia puts brakes on used-car stores Revived Mercury will focus on 3 segments VW taps 'zealots' to promote diesels Farley, Leuliette will kick off World Congress The new Soul (and nose) of Kia Hyundai: Drivetrain key to more mpg Taxpayers at risk if firms get fed loans - then fail GM plans high-tech small engines for Volt and Cruze Buick looks upscale Denso says U.S. woes will cut its profits Denso: No plans to make hybrid parts in U.S. Bailouts are a bad idea Chic small cars? Check them out at the Paris show Credit's no problem, but a weak brand is Helping dealers helped GM Ford field rep didn't help at all Who knew? Electric cars are fun to drive Where is the power going to come from? Hyundai shifts its U.S. ad agency Hyundai, Kia mold separate identities Behind on hybrids, Hyundai sets high goals Dealers Flashes of genius, years of turmoil No cop-out; car designed for police use PICTURE THIS: A trip to the bank RV sales drop 31.9% in June Mexico sales off 4.8% in Aug., 1.2% for 8 mos. Suzuki to aim pickup at motorcycle owners Experts: Learn Korean hierarchies Readers' comments on Bill Heard's collapse Bill Ford sells some Ford stock CarMax net income falls ArvinMeritor raises forecast Toyota plans CNG concept Chrysler cuts 250-300 salaried workers Minority supplier drops stamping business Will Cerberus buy up Chrysler to wave bye-bye? Rioters kill supplier exec in India No pickup seen for pickups Piech's ploy was masterstroke in war with Porsche Honda's highway groove music: It sounded better on vinyl St. Louis dealer to paper that outsourced typesetters: 'Deal me out' Automotive News - September 29, 2008 Automotive News - September 29, 2008 - (Page Intro) Automotive News - September 29, 2008 - (Page Bellyband1) Automotive News - September 29, 2008 - (Page Bellyband2) Automotive News - September 29, 2008 - Mr. Big Volume reaches the end of the line (Page 1) Automotive News - September 29, 2008 - Mr. Big Volume reaches the end of the line (Page 2) Automotive News - September 29, 2008 - Volt could break feds' 100 mpg ceiling (Page 3) Automotive News - September 29, 2008 - Tucson revisited (Page 4) Automotive News - September 29, 2008 - Tucson revisited (Page 5) Automotive News - September 29, 2008 - The new Soul (and nose) of Kia (Page 6) Automotive News - September 29, 2008 - The new Soul (and nose) of Kia (Page 7) Automotive News - September 29, 2008 - Buick looks upscale (Page 8) Automotive News - September 29, 2008 - Buick looks upscale (Page G1) Automotive News - September 29, 2008 - Buick looks upscale (Page G2) Automotive News - September 29, 2008 - Buick looks upscale (Page G3) Automotive News - September 29, 2008 - Buick looks upscale (Page G4) Automotive News - September 29, 2008 - Buick looks upscale (Page G5) Automotive News - September 29, 2008 - Buick looks upscale (Page G6) Automotive News - September 29, 2008 - Buick looks upscale (Page G7) Automotive News - September 29, 2008 - Buick looks upscale (Page G8) Automotive News - September 29, 2008 - Buick looks upscale (Page G9) Automotive News - September 29, 2008 - Buick looks upscale (Page G10) Automotive News - September 29, 2008 - Buick looks upscale (Page G11) Automotive News - September 29, 2008 - Buick looks upscale (Page G12) Automotive News - September 29, 2008 - Flashes of genius, years of turmoil (Page 9) Automotive News - September 29, 2008 - Denso says U.S. woes will cut its profits (Page 10) Automotive News - September 29, 2008 - Denso says U.S. woes will cut its profits (Page 11) Automotive News - September 29, 2008 - Ford field rep didn't help at all (Page 12) Automotive News - September 29, 2008 - Ford field rep didn't help at all (Page 13) Automotive News - September 29, 2008 - Where is the power going to come from? (Page 14) Automotive News - September 29, 2008 - Where is the power going to come from? (Page 15) Automotive News - September 29, 2008 - Hyundai, Kia mold separate identities (Page 16) Automotive News - September 29, 2008 - Hyundai, Kia mold separate identities (Page 17) Automotive News - September 29, 2008 - Behind on hybrids, Hyundai sets high goals (Page 18) Automotive News - September 29, 2008 - Behind on hybrids, Hyundai sets high goals (Page 19) Automotive News - September 29, 2008 - Dealers (Page 20) Automotive News - September 29, 2008 - Dealers (Page 21) Automotive News - September 29, 2008 - RV sales drop 31.9% in June (Page 22) Automotive News - September 29, 2008 - RV sales drop 31.9% in June (Page 23) Automotive News - September 29, 2008 - RV sales drop 31.9% in June (Page 24) Automotive News - September 29, 2008 - RV sales drop 31.9% in June (Page 25) Automotive News - September 29, 2008 - RV sales drop 31.9% in June (Page 26) Automotive News - September 29, 2008 - Mexico sales off 4.8% in Aug., 1.2% for 8 mos. (Page 27) Automotive News - September 29, 2008 - Suzuki to aim pickup at motorcycle owners (Page 28) Automotive News - September 29, 2008 - Experts: Learn Korean hierarchies (Page 29) Automotive News - September 29, 2008 - Readers' comments on Bill Heard's collapse (Page 30) Automotive News - September 29, 2008 - Chrysler cuts 250-300 salaried workers (Page 31) Automotive News - September 29, 2008 - Minority supplier drops stamping business (Page 32) Automotive News - September 29, 2008 - Minority supplier drops stamping business (Page 33) Automotive News - September 29, 2008 - St. Louis dealer to paper that outsourced typesetters: 'Deal me out' (Page 34) Automotive News - September 29, 2008 - St. Louis dealer to paper that outsourced typesetters: 'Deal me out' (Page 35) Automotive News - September 29, 2008 - St. Louis dealer to paper that outsourced typesetters: 'Deal me out' (Page 36)
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