Financing of certified pre-owned vehicles is expected to stay strong this year, even as lower gas prices and attractive incentives keep new-car sales steady. Industry analysts told Auto Finance News that used cars, including certified pre-owned vehicles, will outperform sales and financing levels reported in 2014. Eric Lyman, analyst and vice president of industry insights for TrueCar, said that a large number of three-year-old leased vehicles will be back on the market this year.
”Certified pre-owned vehicles will have the highest mix of financed vehicles due to special interest rates and finance deals offered by captive finance companies,” Lyman said. “Since leasing and CPO sales are most common in the luxury market, and since the transaction prices of luxury vehicles are higher than mainstream vehicles, we will see a higher percentage of used luxury vehicles being financed by consumers.”
