BINGHAM FARMS, Mich. –
Ford earned six awards, including Best CPO Value Truck brand, as Vincentric announced its third-annual Best Certified Pre-Owned Value in Canada Awards on Tuesday.
Acura also had a strong 2020 showing. That brand earned five total awards, including Best CPO Value Luxury SUV & Crossover brand.
Audi and Mazda won four awards each. Audi earned Best CPO Value Luxury Car brand, and Mazda earned Best CPO Value SUV, Crossover, & Van brand.
The final brand winner was Mitsubishi, which earned the title of Best CPO Value Passenger Car brand and two model-level awards.
Vincentric said the F-Series pickup trucks were a main reason for Ford’s strong performance.
The F-150, F-250, and F-350 each won the Vincentric Best CPO Value in Canada Award for the third year in a row.
The Acura ILX also won for the third time in the Luxury Compact segment.
Volvo won two segment awards. BMW, Buick, Dodge, Honda, Hyundai, Kia, Lexus, Toyota, and Subaru all had one model-level winner.
A full list of winners is available, but in the brand awards, Mitsubishi won the passenger car award, Audi won for luxury car brand, and Mazda won for SUV, crossover and van brand.
Some of the top passenger car winners were the Kia Optima in the mid-size category, the Buick LaCrosse in the large sedan category, and the Subaru Outback in the mid-size SUV/crossover category.
Vincentric president David Wurster said certified pre-owned vehicles are “a great option for consumers who are looking for quality vehicles at a reduced cost” and that shoppers should work to get the most out of their vehicle purchases in the current uncertain economic times.
“Vincentric awards show consumers which vehicles provide the best value in their segments and empower buyers to make informed decisions that will provide long-term value,” Wurster said in a news release.
To determine the award winners, Vincentric conducted a statistical analysis to determine which vehicles showed lower-than-expected ownership costs given their market segment and price.
Vincentric analyzed more than 13,000 vehicle configurations using eight cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.