The used truck market has seen significant price increases over the years, with factors such as high demand, robust build quality, and versatility playing key roles. Additionally, the certification process that trucks undergo to be labeled as “Certified Pre-Owned” (CPO) adds to their value and appeal, making them more expensive than non-certified used trucks. This article explores why used trucks hold their value so well and touches on the certification standards for our popular brands like Chevy, GMC, and Buick.
High Demand and Versatility
Trucks are highly sought after due to their versatility in both personal and commercial use. They are capable of handling tough work tasks while providing comfortable passenger accommodation, making them a practical choice for a wide range of buyers. This high demand across diverse markets keeps resale values strong. Additionally, trucks are often viewed as more durable and capable of withstanding harsher conditions, which sustains their value over time.
Certification Process
A Certified Pre-Owned truck is one that has undergone a thorough inspection and refurbishment process by certified mechanics, usually under the standards set by the manufacturer. This process ensures the vehicle meets a specific quality standard and often comes with an extended warranty and additional benefits, making it more appealing and more expensive than non-certified used trucks.
Examples of Certified Pre-Owned Programs:
- Chevy and GMC: Both brands offer a similar CPO program where vehicles must pass a 172-point inspection to earn the certified status. The benefits include two factory-backed limited warranties, a scheduled maintenance program, and a no-cost CARFAX® Vehicle History Report to ensure transparency about the vehicle’s past.
- Buick: Buick’s CPO process is equally stringent, with vehicles undergoing a 172-point inspection. Buick CPO vehicles come with exclusive benefits like a 6-year/100,000-mile Powertrain Limited Warranty and a 12-month/12,000-mile Bumper-to-Bumper Limited Warranty, enhancing their resale value and cost.
Used trucks are expensive due to their high demand, versatility, durability, and the added value of being certified. The Certified Pre-Owned programs from Chevy, GMC, and Buick illustrate how thorough inspections and additional warranties increase the desirability and market value of these vehicles, justifying the higher prices in the used vehicle market.
If you’re in the market for a pre-owned vehicle, check out our online inventory or call us at 325-200-4143.
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