With Ford’s Blue Advantage program proving to be a big boon for dealers in terms of boosting certified pre-owned vehicle sales, The Blue Oval is outpacing its rivals in that particular regard as well. In fact, Blue Advantage dealers have experienced sales gains of around 15 percent year-over-year through October, with a select few enjoying increases of as much as 40 percent. That’s a stark contrast to overall CPO sales, which have declined 12 percent in the U.S. through the first 10 months of the year. Recently, Ford’s used vehicle clout grew as the Transit Connect lineup won a 2023 Best CPO Value Award from VIncentric, and now, the Ford Escape PHEV has also taken home the same honor.
The Ford Escape PHEV was awarded the top prize in the EV/PHEV SUV category thanks to the fact that the plug-in hybrid offers ownership costs that are 5.9 percent below expected levels, which was good enough to outperform a total of nine of its competitors.
To determine the 2023 Best CPO Value in America Award winners, Vincentric conducted a statistical analysis to reveal which had lower than expected ownership costs given their market segment and price. The company analyzed over 17,000 vehicle configurations using eight cost factors – 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 plus Washington DC, with the assumption that each would be driven 15,000 miles annually over five years.
“For the past decade, the Vincentric Best CPO Value in America Awards have been helping consumers who are in the market for a CPO vehicle make informed, insightful decisions,” said David Wurster, Vincentric President. “Choosing a CPO vehicle can be a great way to reduce automotive cost of ownership, and choosing a Vincentric Best CPO Value in America Award winner can help give buyers confidence that their choice will deliver great value for their money.”