VINCENTRIC BEST CPO VALUE IN AMERICA AWARDS
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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 |
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BRAND AWARDS |
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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.
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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.
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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.
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Luxury SUV Brand |
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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.
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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. |
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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 |
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Subcompact | ![]() |
Kia Rio Contributing factors:
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Subcompact Hatchback |
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Kia Rio Contributing factors:
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Compact |
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Toyota Corolla Hybrid Contributing factors:
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Compact Hatchback |
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Hyundai Ioniq Contributing factors:
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Mid-Size | ![]() |
Subaru Legacy Contributing factors:
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Large Sedan | ![]() |
Toyota Avalon Contributing factors:
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Sports Car | Mazda MX-5 Miata Contributing factors:
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LUXURY CAR |
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Luxury Compact | ![]() |
Audi A3 Contributing factors:
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Luxury Coupe | ![]() |
Lexus RC Contributing factors:
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Luxury Mid-Size | ![]() |
Lexus ES Hybrid Contributing factors:
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Luxury Large Sedan | ![]() |
Volvo S90 Plug-In Hybrid Contributing factors:
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Luxury Wagon | ![]() |
Audi A6 Allroad Contributing factors:
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Luxury Sports Car | ![]() |
Audi e-tron GT Contributing factors:
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Luxury Convertible | ![]() |
BMW Z4 Contributing factors:
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SUV |
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Subcompact SUV | ![]() |
Chevrolet Trailblazer Contributing factors:
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Compact SUV | ![]() |
Subaru Crosstrek Contributing factors:
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Mid-Size SUV | ![]() |
Subaru Outback Contributing factors:
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Large SUV | ![]() |
Ford Expedition Contributing factors:
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LUXURY SUV |
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Luxury Compact SUV | ![]() |
Volvo XC40 EV Contributing factors:
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Luxury Mid-Size SUV | ![]() |
Cadillac XT5 Contributing factors:
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Luxury Large SUV | ![]() |
Lincoln Navigator Contributing factors:
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TRUCK |
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Small/Mid-Size Pickup | ![]() |
Ford Maverick Hybrid Contributing factors:
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Full-Size 1/2-Ton Pickup | ![]() |
Ford F-150 Lightning Contributing factors:
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Full-Size 3/4-Ton Pickup | ![]() |
GMC Sierra 2500 Contributing factors:
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Full-Size 1-Ton Pickup | ![]() |
GMC Sierra 3500 Contributing factors:
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VAN |
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Minivan | ![]() |
Dodge Grand Caravan Contributing factors:
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Small Commercial Passenger Van | ![]() |
Ford Transit Connect Contributing factors:
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Small Commercial Cargo Van | ![]() |
Ford Transit Connect Contributing factors:
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Large Passenger Van | ![]() |
Mercedes-Benz Sprinter Contributing factors:
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Large Cargo Van | ![]() |
Ford E-Transit 350 Contributing factors:
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