VINCENTRIC BEST CPO VALUE IN AMERICA AWARDS

2024 BEST CPO VALUE IN AMERICA PRESS RELEASE

Vincentric Announces 2024 Best CPO Value in America™ Awards:

Ford Takes Top Honors; Audi & Subaru are Close Behind

BINGHAM FARMS, MICHIGAN – November 7th, 2023 – The 11th annual Vincentric Best Certified Pre-Owned (CPO) Value in America™ Awards were announced today, with Ford claiming more awards than any other brand. Ford earned six model-level awards and two brand-level awards, including a fourth time win for Best CPO Value Truck Brand, and an outstanding eighth win in a row for Best CPO Value Van Brand. Audi and Subaru both had three winning models, with Audi claiming its sixth victory for Best CPO Value Luxury Car Brand, and Subaru earning Best CPO Value SUV Brand for the third consecutive year and fourth time overall. Rounding out the brand-level winners were Toyota with its fourth win in the Passenger Car category, while Cadillac was victorious in the Luxury SUV category.

Ford’s Transit vans demonstrated their CPO-market strength and were key players in leading the brand to the top spot on the podium. The Transit Connect passenger and cargo vans both won their segments for the seventh and fourth year in a row, respectively. The E-Transit 350 also triumphed in the Large Cargo Van segment, following in the footsteps of its gasoline counterpart which has won this segment six previous times. Similarly, the F-150 Lightning earned the F-150’s eighth overall win for Full-Size 1/2-Ton Pickup. Additional winners from Ford were the Maverick Hybrid and the Expedition.

Audi’s frontrunner was the A3, which took home its second consecutive and fourth win overall for Luxury Compact. The A6 Allroad and the e-tron GT were also winners in their segments. For Subaru, the Outback impressed with its seventh victory in a row for Mid-Size SUV, while the Legacy won the Mid-Size segment for the fourth time and the Crosstrek won the Compact SUV segment for the second consecutive year.

The Toyota Avalon maintained its winning streak in the CPO market for an outstanding tenth consecutive win in the Large Sedan segment, and the Corolla Hybrid conquered the Compact segment, making this the third overall win for the Corolla. Finally, the results showed that the Cadillac XT5 provided the best CPO value in the Luxury Mid-Size SUV segment.

The GMC, Kia, Lexus, and Volvo brands also had multiple winning models. Other brands with an award-winning CPO vehicle were BMW, Chevrolet, Dodge, Hyundai, Lincoln, Mazda, and Mercedes-Benz.

“CPO vehicles can be a smart way for car shoppers to save on costs, but there can also be an overwhelming number of options to choose from,” said David Wurster, Vincentric President. “The Vincentric Best CPO Value in America Awards can help consumers make an informed vehicle purchase decision. And with most of this year’s winners being repeat winners in their segments, consumers can have confidence that buying an award-winning CPO vehicle will likely deliver consistent value over time.”

To determine the 2024 Vincentric Best CPO Value in America™ Award winners, Vincentric conducted a statistical analysis to reveal which vehicles had lower than expected ownership costs given their market segment and price. Vincentric analyzed over 18,000 vehicle configurations using eight cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The costs were measured after incorporating the specific CPO warranty offered by the manufacturer while also applying mileage requirements necessary to be authorized as an OEM CPO vehicle. Each CPO vehicle was evaluated in all 50 states plus Washington DC, with the assumption that each would be driven 15,000 miles annually over five years.

ABOUT VINCENTRIC

Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Vincentric, LLC is a privately held automotive data research organization headquartered in Bingham Farms, Michigan.

Each month the organization measures cost of ownership, including depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs, for over 75,000 vehicle configurations for vehicles from 2008-2024 model years in the US and 2010-2024 model years in Canada. Vincentric data is published on major websites and used by a wide variety of organizations, including the Canadian Automobile Association, Automotive Fleet Magazine, Volkswagen, Mercedes-Benz, and many others. Vincentric data is available to its client base through a variety of APIs (Application Program Interfaces), including the New Vehicle API, Used Vehicle API, Fleet Vehicle API, and EV API.

VINCENTRIC BEST CPO VALUE IN AMERICA AWARDS

Once per year Vincentric performs a cost of ownership analysis at the model level to determine Vincentric Best CPO Value in America™ awards. Vincentric measures cost of ownership using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. Using a statistical model, winners were identified by measuring which vehicles had lower than expected ownership costs given their market segment and price. Each vehicle was evaluated in all 50 states plus DC using a range of annual mileage intervals and insurance profiles. A full list of winners is shown below.

Defining Value – Learn more about how Vincentric defines value for the certified pre-owned consumer market.

Press Release – Read the full press release announcing the 2024 Vincentric Best CPO Value in America Awards.

Lowest Cost to Own Awards – See the full list of vehicles that earned 2024 Vincentric Lowest CPO Cost to Own in America awards.

2024 AWARD WINNERS
BRAND AWARDS
Passenger Car Brand		Toyota won the Best CPO Value Passenger Car brand award for the fourth time, with wins for the Corolla Hybrid and Avalon leading the way to victory.
Luxury Car Brand		Returning to the winner's circle for the sixth time overall and the second year in a row, Audi earned the Best CPO Value Luxury Car brand award, led by wins for the A3, A6 Allroad, and e-tron GT.
SUV Brand		Subaru received its third consecutive and fourth-time overall win for Best CPO Value SUV brand, aided by wins for the Crosstrek and Outback.
Luxury SUV Brand		Cadillac took home the Best CPO Value Luxury SUV brand award, due in no small part to the XT5 triumphing in the Luxury Mid-Size SUV segment.
Truck Brand		Ford returned as the Best CPO Value Truck brand award winner for the fourth time with wins for the Maverick Hybrid and F-150 Lightning.
Van Brand		For an outstanding eighth year in a row, Ford claimed the award for Best CPO Value Van brand, led by wins for the Transit Connect cargo and passenger vans, and the E-Transit 350.
PASSENGER CAR
Subcompact		Kia Rio Contributing factors: 4.9% below expected ownership costs Lowest Operating Cost in its Class Lowest Maintenance Cost in its Class Lowest Repair Costs in its Class Outperformed 5 Competitor Models
Subcompact
Subcompact Hatchback		Kia Rio Contributing factors: 7.3% below expected ownership costs Outperformed 6 Competitor Models
Subcompact Hatchback
Compact		Toyota Corolla Hybrid Contributing factors: 2.6% below expected ownership costs Lowest Maintenance Cost in its Class Outperformed 9 Competitor Models
Compact
Compact Hatchback		Hyundai Ioniq Contributing factors: 9.8% below expected ownership costs Outperformed 15 Competitor Models
Compact Hatchback
Mid-Size		Subaru Legacy Contributing factors: 7.5% below expected ownership costs Outperformed 23 Competitor Models
Mid-Size
Large Sedan		Toyota Avalon Contributing factors: 3.6% below expected ownership costs Best Fuel Economy in its Class Lowest Insurance Cost in its Class Lowest Repair Costs in its Class Outperformed 3 Competitor Models
Large Sedan
Sports Car		Mazda MX-5 Miata Contributing factors: 6.2% below expected ownership costs Lowest Operating Costs in its Class Lowest Cost of Ownership in its Class Outperformed 8 Competitor Models
Sports Car
LUXURY CAR
Luxury Compact		Audi A3 Contributing factors: 9.4% below expected ownership costs Lowest Operating Costs in its Class Lowest Maintenance Cost in its Class Outperformed 10 Competitor Models
Luxury Compact
Luxury Coupe		Lexus RC Contributing factors: 2.3% below expected ownership costs Lowest Insurance Cost in its Class Lowest Repair Costs in its Class Outperformed 4 Competitor Models
Luxury Coupe
Luxury Mid-Size		Lexus ES Hybrid Contributing factors: 15.5% below expected ownership costs Outperformed 22 Competitor Models
Luxury Mid-Size
Luxury Large Sedan		Volvo S90 Plug-In Hybrid Contributing factors: 11.5% below expected ownership costs Outperformed 19 Competitor Models
Luxury Large Sedan
Luxury Wagon		Audi A6 Allroad Contributing factors: 5.2% below expected ownership costs Outperformed 4 Competitor Models
Luxury Wagon
Luxury Sports Car		Audi e-tron GT Contributing factors: 10.9% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Maintenance Cost in its Class Outperformed 14 Competitor Models
Luxury Sports Car
Luxury Convertible		BMW Z4 Contributing factors: 5.1% below expected ownership costs Best Fuel Economy in its Class Lowest Insurance Cost in its Class Outperformed 5 Competitor Models
Luxury Convertible
SUV
Subcompact SUV		Chevrolet Trailblazer Contributing factors: 6.2% below expected ownership costs Outperformed 21 Competitor Models
Subcompact SUV
Compact SUV		Subaru Crosstrek Contributing factors: 9.1% below expected ownership costs Lowest Insurance Cost in its Class Outperformed 36 Competitor Models
Compact SUV
Mid-Size SUV		Subaru Outback Contributing factors: 9.1% below expected ownership costs Lowest Insurance Cost in its Class Outperformed 27 Competitor Models
Mid-Size SUV
Large SUV		Ford Expedition Contributing factors: 4.9% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Cost in its Class Lowest Maintenance Cost in its Class Outperformed 7 Competitor Models
Large SUV
LUXURY SUV
Luxury Compact SUV		Volvo XC40 EV Contributing factors: 11.6% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 30 Competitor Models
Luxury Compact SUV
Luxury Mid-Size SUV		Cadillac XT5 Contributing factors: 8.8% below expected ownership costs Outperformed 34 Competitor Models
Luxury Mid-Size SUV
Luxury Large SUV		Lincoln Navigator Contributing factors: 2.8% below expected ownership costs Lowest Repair Costs in its Class Outperformed 9 Competitor Models
Luxury Large SUV
TRUCK
Small/Mid-Size Pickup		Ford Maverick Hybrid Contributing factors: 10.9% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 7 Competitor Models
Small/Mid-Size Pickup
Full-Size 1/2-Ton Pickup		Ford F-150 Lightning Contributing factors: 13.8% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Cost in its Class Lowest Maintenance Cost in its Class Outperformed 6 Competitor Models
Full-Size 1/2-Ton Pickup
Full-Size 3/4-Ton Pickup		GMC Sierra 2500 Contributing factors: 2.6% below expected ownership costs Best Fuel Economy in its Class Outperformed 3 Competitor Models
Full-Size 3/4-Ton Pickup
Full-Size 1-Ton Pickup		GMC Sierra 3500 Contributing factors: 4.5% below expected ownership costs Lowest Repair Costs in its Class Outperformed 3 Competitor Models
Full-Size 1-Ton Pickup
VAN
Minivan		Dodge Grand Caravan Contributing factors: 2.2% below expected ownership costs Lowest Total Cost of Ownership in its Class Outperformed 4 Competitor Models
Minivan
Small Commercial Passenger Van		Ford Transit Connect Contributing factors: 1.9% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Maintenance Cost in its Class Outperformed 2 Competitor Models
Small Commercial Passenger Van
Small Commercial Cargo Van		Ford Transit Connect Contributing factors: 1.8% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Maintenance Cost in its Class Outperformed 2 Competitor Models
Small Commercial Cargo Van
Large Passenger Van		Mercedes-Benz Sprinter Contributing factors: 0.5% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Cost in its Class Lowest Maintenance Cost in its Class Outperformed 3 Competitor Models
Large Passenger Van
Large Cargo Van		Ford E-Transit 350 Contributing factors: 14.7% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 5 Competitor Models
Large Cargo Van
<Back to Vincentric Best Value in America Awards