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The used vehicle market has always been a significant part of the automotive industry. When a vehicle as intricate and advanced as a car is produced, it's expected to remain functional for many years, and companies are only now beginning to fully explore this potential. Toyota has consistently led the way by manufacturing dependable and long-lasting vehicles. Last week, they achieved a milestone that no other automaker had ever reached.
Toyota celebrated the sale of its three millionth Certified Pre-Owned (CPO) Toyota vehicle. These used Toyotas are far from ordinary; each CPO vehicle undergoes rigorous testing, inspection, and refurbishment to ensure they meet the highest resale standards. Toyota parts are either repaired, genuine Toyota original equipment manufacturer (OEM) parts are replaced, or Toyota accessories are added to make these CPO vehicles as good as new models right out of the box.
According to Toyota's press release on their website, "This record-breaking sale followed a landmark year in 2010 when Toyota became the first single brand to surpass the 300,000 mark in certified used vehicle sales. In 2010, unit sales reached 315,418, marking an 18.6% increase over the previous year."
Lexus, one of the largest and most successful luxury brands globally, was among the first to establish its own CPO program. Vehicles sold through this program are meticulously inspected with a detailed 161-point checklist. They are thoroughly reconditioned so that they are virtually indistinguishable from new models. Additionally, they come with a confident backing, offering coverage for three years from the date of purchase or up to 100,000 total vehicle miles.
The buyer of the three millionth used Toyota CPO was a mother of two children living in Chicago, Illinois. She was reimbursed for the exact amount she paid for the vehicle, and Toyota made a matching donation to the NorthShore University HealthSystem Foundation.
In related news, there are several insightful articles available on our blog. One discusses how to save extra cash on auto repairs, another explores how to identify if your mechanic might be a con artist, and yet another explains why purchasing a Toyota Certified Used Vehicle is always a better option. There are also posts about hybrid vehicles and the future of Toyota under Akio Toyoda's leadership, as well as information on the availability of replacement Toyota parts.
As the used vehicle market continues to grow, Toyota's commitment to quality and customer satisfaction remains unwavering. Their efforts have not only set a new standard in the automotive industry but have also reinforced their reputation for excellence and reliability. Whether you're looking for a luxury Lexus or a dependable Toyota, their CPO programs offer peace of mind and exceptional value.