Ford’s certified pre-owned sales jumped last year amid the chip shortage and resulting production cuts, at least partially buoyed by the automaker’s new Blue Advantage online sales platform that focuses on those types of vehicles. Even with used vehicle prices skyrocketing to new record highs, the Ford F-150 remained the most popular used vehicle on the market, in more than one study. Now, Vincentric has bestowed certified pre-owned Ford trucks with its 2022 Best CPO Value in America award, adding another feather to FoMoCo’s proverbial cap.
This is the second consecutive year that certified pre-owned Ford trucks have received Vincentric’s Best CPO Value in America award, as well as the third time overall. This result was driven by strong performances from the Ford Ranger, Ford F-150, and Ford Super Duty pickups, and is based on the average of all trim levels for each from the 2017-2021 model years. Costs are based on 5 years of ownership with an annual mileage of 15,000.
Vincentric measures value by first looking at ownership costs, which it calculates by combining depreciation, insurance, repairs, scheduled and unscheduled maintenance, finance, fuel, taxes, state fees, and opportunity costs. A vehicle’s expected cost of ownership is based on statistical models that correlate the price of a vehicle with the cost of ownership. Any vehicle that falls below the average value line is a better value than a vehicle that falls above the average value line. Based on that information, vehicles are assigned a value score of 1-5, with 5 representing the best value.
Ford’s CPO program is appealing to customers for a variety of reasons, starting with the fact that these vehicles are subjected to a multi-point inspection and assigned either Gold or Blue Certification before each hits the lot. Ford’s Blue Advantage CPO vehicles also include comprehensive limited warranty coverage, 24/7 roadside assistance, and FordPass Rewards Points eligibility.
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