Ford and Toyota had the most models named as having the best certified pre-owned value across five model years and 37 segments by Vincentric, the vehicle valuation firm announced.
In addition to the individual segments, Vincentric also named top CPO brands for six broader categories. Among those winners, Vincentric included Toyota for passenger car, Audi for luxury car, Honda for SUV and crossover, Lincoln for luxury SUV and crossover, Ram for truck, and Ford for van. Ford has topped the van category for three consecutive years, while Lincoln has done the same in its category. Vincentric studied vehicles in the 2014 to 2018 model years.
Truck-category winners included the Toyota Tacoma, Ford F-150, Ram 2500, and Chevrolet Silverado 3500, while van category winners included the Toyota Sienna, Ford Transit Connect, Ford Transit passenger van, and Transit cargo van.
"Certified pre-owned vehicles continue to have high demand due to their strong warranties and lower transaction prices relative to new vehicles," said David Wurster, Vincentric's president. "The data-driven Vincentric Certified Pre-Owned awards can help buyers identify which of the many CPO vehicles in the market provide the best value."
To determine the 2019 Vincentric Best CPO Value in America award winners, the company conducted a statistical analysis to reveal which vehicles had lower than expected ownership costs given their market segment and price. Vincentric analyzed over 15,000 vehicle configurations using eight cost factors, including depreciation, fees and 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 and Washington, D.C., with the assumption that they will be driven 15,000 miles per year over five years.
Originally posted on Automotive Fleet