A rising inventory of Certified Pre-owned (CPO) vehicles from historical highs means great deals for car shoppers looking for used cars in the coming months. AutoTrader.com data shows CPO vehicle inventory has risen 6 percent since March. Non-luxury vehicles comprise 80 percent of that inventory, or 380,758 vehicles, giving consumers a smorgasbord of vehicle choices at reasonable prices.
"The last quarter of 2014 will be a great time to get a good deal on a used or Certified Pre-owned vehicle," said Michelle Krebs, AutoTrader.com senior analyst. "Leasing has surged in recent years with thousands of those cars coming back to dealerships as used cars. The abundance of returned lease cars should result in used cars coming off their historical highs of recent years, representing good buys for consumers."
AutoTrader.com released a list of great used and Certified Pre-Owned (CPO) vehicles for each segment:
- 2011 Ford Fusion.
- 2011 Honda CR-V.
- 2010 Toyota Highlander.
- 2011 Toyota Corolla.
Each of these vehicles is a top seller within their brand meaning there are a lot of them out there, according to AutoTrader.