Lincoln’s certified pre-owned sales unit has been treated to a bit of an overhaul in recent months, first getting a zero percent APR deal to entice customers, then a 14-day, 1,000-mile money-back guarantee, just like the one offered by Ford BlueAdvantage, the automaker’s CPO sales platform. Now, the Lincoln MKX has been recognized for its supreme value on the used vehicle market, as Vincentric has bestowed it with a 2023 Best CPO Value award in the luxury mid-size SUV category. The MKX joins the Ford Expedition, which was awarded the top prize in the large SUV category, the Transit Connect, which topped the the small commercial passenger van and small commercial cargo van segments, and the Ford Escape PHEV, which took top honors in the EV/PHEV SUV category.
The Lincoln MKX earned this particular award thanks to the fact that its operating costs came in at eight percent below expected levels while also offering customers the lowest operating costs, the best fuel economy, and the lowest maintenance costs in its class, while also outperforming a grand total of 24 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.”
We’ll have more on the MKX soon, so be sure to subscribe to Ford Authority for more Lincoln news, Lincoln MKX news, and continuous Ford news coverage.
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