Ford Authority

Ford F-150 Wins 2023 Best CPO Value Award

The Ford F-150 has long been recognized as a supreme used truck value, particularly as a certified pre-owned vehicle. In fact, the perennially best-selling pickup earned a Vincentric 2022 Best CPO Value Award by presenting the lowest operating, fuel, insurance, and total ownership costs in its class. That trend continues as the Ford F-150 has once again received a Best CPO Value Award for 2023, joining the the Ford Expedition, which was awarded the top prize in the large SUV category, the Transit Connect, which topped the small commercial passenger van and small commercial cargo van segments, the Ford Escape PHEV, which took top honors in the EV/PHEV SUV category, and the Lincoln MKX, which came out on top of the luxury mid-size SUV segment.

The Ford F-150 topped the full-size half-ton pickup segment for the seventh time in 10 years thanks to its low operating costs, which were 2.5 percent below expected levels, while also presenting the lowest operating costs, best fuel economy, and lowest insurance costs in its class, all while outperforming five of its competitors in those categories.

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.”

We’ll have more on the F-150 soon, so be sure and subscribe to Ford Authority for the latest Ford F-Series news, Ford F-150 news, and around-the-clock Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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  1. John

    They won again because in 2022 everyone was trading in their brand new trucks with low miles for other brand new trucks. It’s all they were selling was brand new, used, Ford F-150’s. It’s all I see in the Facebook and Reddit groups is how people are trading their trucks in SO SOON, for other brand new trucks. Why people were trading in their brand new trucks is beyond me, and sounds like a financial disaster. Then again, it seems we have nothing but rich, paying cash up front buyers these days with money that came from who knows where.


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