PRIMEDIA's IntelliChoice Announces Award-Winning Certified Pre-Owned Vehicle Programs
30 October 2003 - 6:04AM
PR Newswire (US)
PRIMEDIA's IntelliChoice Announces Award-Winning Certified
Pre-Owned Vehicle Programs Jaguar and Honda Top the List for
Program Quality ANAHEIM, Calif., Oct. 29 /PRNewswire/ -- PRIMEDIA's
IntelliChoice announced today the winners of the fifth annual
ranking of certified pre-owned vehicle programs. The list of
winners reveals that manufacturers are responding to consumers'
desire for quality pre-owned cars. Overall, Honda Certified Used
Cars was judged the best Non-Luxury program and Jaguar Select
Edition the best Luxury program. This is the fifth year in a row
that Honda has had the best program in the Non-Luxury class. Jaguar
has achieved this honor in four out of the past five years.
Programs are evaluated based on how well they match up with
consumer preferences. Major areas of analysis include the
inspection lists, warranties, title verification, availability of
special financing, roadside assistance benefits, and
return/exchange policies. Since the target markets are different
between Luxury and Non-Luxury vehicles, the 24 different
manufacturer sponsored programs available have been split into two
classes -- Luxury and Non-Luxury. Top Certified Pre-Owned Programs
By Class Luxury Non-Luxury Ranking Manufacturer Ranking
Manufacturer 1 Jaguar 1 Honda 2 Volvo 2 Volkswagen 3 Lincoln 3
Chrysler/Dodge/Jeep 4 Acura 4 Ford/Mercury 5 Saab 4 Mazda The most
important considerations for consumers shopping for certified
pre-owned vehicles are the warranties and inspections offered by
the manufacturers. In the luxury class, Jaguar has the Best
Warranty, and ties with Land Rover for the best inspection list. In
the Non-Luxury class, Volkswagen has the Best Warranty and Ford and
Mercury tie for the best Inspection. "We continue to improve the
quality of this analysis. This year we've incorporated new consumer
research to better reflect the program attributes that are most
valued by consumers," said Dave Wurster, publisher of PRIMEDIA's
IntelliChoice. In addition to Honda and Jaguar, other notable
performances include: * Chrysler/Dodge/Jeep is the top ranked Non
Luxury domestic program for the second year in a row. * Ford Motor
Company has six brands ranked among the leaders. There are three in
the Luxury class (Jaguar, Volvo, Lincoln) and three in the
Non-Luxury class (Ford, Mercury, Mazda). * Volkswagen, based on the
strength of their warranty and inspection list has moved into the
second spot in the Non-Luxury class. * Both American Honda brands
(Honda and Acura) are among the leaders in their respective
classes. * Saab has moved into the top five for the Luxury class in
the first year that IntelliChoice has included them in its
analysis. According to John Cobb, PRIMEDIA's vice president and
general manager of the automotive and action sports internet group,
"It's very important that consumers understand the value of the
manufacturer sponsored Certified Pre-Owned Programs. This continues
to be a growing trend in the marketplace. We are happy to be able
to provide this information on over 50 sites throughout the
PRIMEDIA Automotive Network including http://www.motortrend.com/
and http://www.automobile.com/." PRIMEDIA's IntelliChoice maintains
a summary of the 24 evaluated programs on its web site at
http://www.intellichoice.com/preowned/pre-main.cfm. About
PRIMEDIA's IntelliChoice Founded in 1986, PRIMEDIA's IntelliChoice
is the first and leading company that develops and distributes
consumer automobile ownership data, ratings of vehicles based on
their consumer value, leasing cost data and Certified Pre-Owned
Program analysis. More information can be found on the
IntelliChoice Web site, http://www.intellichoice.com/. About
PRIMEDIA PRIMEDIA is the leading targeted media company in the
United States, with positions in consumer and business-to-business
markets. Our properties deliver content via print as well as video,
the Internet and live events and offer highly effective advertising
and marketing solutions in some of the most sought after niche
markets. With 2002 sales from continuing businesses of $1.5
billion, PRIMEDIA is the #1 special interest magazine publisher in
the U.S. with more than 250 titles. Our well known brands include
Motor Trend, Automobile, New York, Fly Fisherman, Power &
Motoryacht, Creating Keepsakes, Ward's AutoWorld, and Registered
Rep. The company is also the #1 publisher and distributor of free
consumer guides, including Apartment Guides. PRIMEDIA Television's
leading brand is the Channel One Network and About is one of the
largest sources of original content on the Internet. PRIMEDIA's
stock symbol is: NYSE: PRM. More information about the company can
be found at http://www.primedia.com/. DATASOURCE: PRIMEDIA CONTACT:
David Wurster of PRIMEDIA's IntelliChoice, +1-248-799-2646, ; or
Laura Schramm, +1-212-446-1890, , for PRIMEDIA Web site:
http://www.primedia.com/ http://www.intellichoice.com/
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