Among the festivities during Used Car Week 2019, the seventh annual Vincentric Best Certified Pre-Owned (CPO) Value in America Awards were announced.
Leading the way was Ford, which collected six model-level awards. Lexus and Subaru also demonstrated strong CPO value with five and four model-level awards, respectively.
The best in class performance by Ford Vans earned them the Best CPO Value brand award in the Van category for the fourth consecutive year, while a notable showing by Subaru earned the OEM top honors in both the Passenger Car and SUV/Crossover categories.
Lexus took home the Luxury Car brand award for the third time, and Ram won the Truck category brand award for the second year in a row.
Volvo rounded out the brand award winners in the Luxury SUV/Crossover category.
Other brands with multiple model-level victories included Volvo with three awards, while Audi, Ram, Mitsubishi, Toyota, Hyundai, Kia and Nissan showed their strength in the certified pre-owned market with two awards each.
“The Vincentric Best CPO Value in America Awards use a rigorous statistical analysis to determine cost of ownership for competing vehicles,” Vincentric president David Wurster said in a news release.
“Our awards take the guess-work out of shopping for certified pre-owned vehicles by clearly showing consumers which models provide the best value for their money in a variety of segments,” Wurster continued.
To determine the 2020 Vincentric Best CPO Value in America Award winners, Vincentric explained that it conducted a statistical analysis to reveal which vehicles had lower than expected ownership costs given their market segment and price. Vincentric analyzed more than 15,000 vehicle configurations using eight cost factors, including:
—Fees and taxes
The company explained 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 D.C., with the assumption that each would be driven 15,000 miles annually over five years.
Further information regarding the 2020 Vincentric Best CPO Value in America Awards and methodology is available at www.vincentric.com.