The Ford Transit Connect has proven to be a popular option for commercial fleets in recent years, providing plenty of cargo and passenger space in a smaller package than its larger Transit brethren. The Ford Transit Connect also represents a solid value as a certified pre-owned vehicle, it seems, as both the passenger van (wagon) and cargo van (commercial) variants of that model have been bestowed with a 2022 Best CPO Award from Vincentric.
This marks the fifth straight year that the Transit Connect passenger van has received this award, which it earned by presenting the lowest repair, maintenance, insurance, fuel, and operating costs of any vehicle in its class, as well as the lowest total cost of ownership, which came in at two percent below expected costs. Meanwhile, the Transit Connect cargo van scored its second straight CPO award with the lowest operating and maintenance costs in its class, as well as ownership costs that were 1.9 percent less than expected.
The Transit Connect joins a few other Blue Oval products recently recognized by Vincentric in its annual certified pre-owned awards, including the Ford Fusion Energi, which topped the EV/PHEV class, Ford’s entire truck lineup, the Ford Flex, which took top honors in the large SUV segment, and the Ford F-150, which won an award in the light-duty pickup segment.
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.
While used vehicle prices continue to set new records with each passing month, inventory has improved recently. Regardless, Ford’s Blue Advantage CPO program offers good value via comprehensive limited warranty coverage, 24/7 roadside assistance, FordPass Rewards Points eligibility, and, as Ford Authority reported last week, a 14-day, 1,000-mile money-back guarantee. All of these benefits helped Ford enjoy a 26 percent increase in CPO sales last year.