Why There is Increasing Demand for Certified Used BMW Cars

May 23
14:16

2024

Brett Michael

Brett Michael

  • Share this article on Facebook
  • Share this article on Twitter
  • Share this article on Linkedin

The demand for certified used BMW cars in the United States is surging like never before. This trend is driven by a combination of economic factors and the enduring allure of BMW's promise of superior performance and an unparalleled driving experience. Even pre-owned, BMW vehicles continue to offer the same high-quality driving experience as their new counterparts.

The Economic Context

The economic recession had a significant impact on various sectors,Why There is Increasing Demand for Certified Used BMW Cars Articles including the automotive industry. However, the need for reliable transportation remained constant. As a result, many consumers turned to more economical alternatives without compromising on quality. This shift in consumer behavior has led to a notable increase in the market for used cars. According to a report by Edmunds, the sale of used cars in the U.S. increased by 4.1% in 2020 compared to the previous year.

BMW's Strategic Move

Recognizing this opportunity, BMW expanded its certified pre-owned (CPO) program, thereby broadening its consumer base. This strategic move has allowed BMW to reach a wider audience, including those who might not have considered purchasing a new luxury vehicle. A certified used BMW offers buyers the chance to own one of the world's most prestigious car brands while ensuring they receive excellent value for their money.

Reliability and Assurance

Certified pre-owned BMWs undergo rigorous inspections by highly skilled BMW technicians. These inspections ensure that all parts are in optimal condition, all buttons and levers function correctly, and all fixtures are intact, mirroring the condition of a brand-new car. This meticulous process guarantees that BMW maintains its reputation for quality, even in its pre-owned vehicles.

After passing these stringent checks, the car is awarded a certification, entitling the buyer to benefits such as an extended company warranty and maintenance or assistance for a specified period or mileage. This level of assurance is rarely matched by other manufacturers. According to BMW USA, their CPO vehicles come with a 1-year unlimited mileage warranty, which can be extended up to 6 years.

Changing Social Norms

In the past, social status often dictated the type of car one drove. Today, however, the focus has shifted to finding the best value for money. With the variety of options available in the market, consumers are more inclined to choose a used car that offers reliability and performance. BMW's commitment to quality ensures that even their pre-owned vehicles meet these criteria.

Interesting Statistics

  • According to a study by iSeeCars, BMW ranks among the top 10 brands for the longest-lasting cars, with an average lifespan of over 200,000 miles.
  • The global market for certified pre-owned cars is expected to grow at a CAGR of 5.1% from 2021 to 2028, according to Grand View Research.
  • BMW's CPO sales accounted for approximately 25% of their total sales in the U.S. in 2020, highlighting the growing consumer trust in their pre-owned program.

Conclusion

The increasing demand for certified used BMW cars is a testament to the brand's enduring commitment to quality and performance. By offering a reliable and economical alternative, BMW has successfully expanded its reach and maintained its reputation for excellence. Whether new or pre-owned, a BMW continues to be a symbol of luxury and reliability.

For more information on the benefits of certified pre-owned vehicles, you can visit BMW USA's official CPO page or check out Edmunds' comprehensive guide on CPO programs.

Sources:

  1. Edmunds
  2. BMW USA
  3. iSeeCars
  4. Grand View Research

Article "tagged" as:

Categories: