As Ford Authority reported back in December, Vincentric bestowed one of its Best CPO (certified pre-owned) Value Awards on the Ford Escape PHEV, which ranked atop 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. Now, that same organization is once again heaping praise on the Ford Escape PHEV, which has also earned a 2023 Best Value in America Award as well.
The Ford Escape PHEV topped the compact SUV segment for a variety of reasons, but chiefly because it represents a tremendous value in a highly competitive and crowded space. According to Vincentric, the electrified Escape came in at 25.1 percent below its expected ownership costs and has the lowest total cost of ownership in its class, outperforming a whopping 29 competitors in the process.
To determine the winners of its Best Value in America Awards, Vincentric measures the cost of ownership for approximately 2,000 vehicle configurations by combining the costs associated with depreciation, insurance, repairs, maintenance, finance, fuel, taxes, state fees, and opportunity costs. The company then determines a vehicle’s expected cost of ownership based on a statistical model that correlates the price and cost of ownership of the vehicles within that specific segment. Finally, it calculates the difference between a vehicle’s “expected” cost of ownership and its “measured” cost of ownership. The vehicle that is the greatest percentage below the “expected” cost of ownership is determined to be the best value in its segment.
“The Vincentric Best Value in America Awards aim to help guide consumers in making informed vehicle purchase decisions,” said Vincentric President, David Wurster. “This year’s awards saw numerous electric vehicles winning in their segments, showing that EVs can still be the best value choice in spite of their frequently higher purchase price, usually due to fuel and maintenance cost savings.”
We’ll have more on the Escape soon, so be sure and subscribe to Ford Authority for the latest Ford Escape news and non-stop Ford news coverage.
Comments
Not surprised. My plug-in hydride Fusion was one of the best vehicles I’ve ever owned.
How would you know if you got value in a car that you ordered but hasn’t been delivered for a year? In the mean time, I’ve been paying for new brakes, tires and a years worth of depreciation on my C Max.
Ordered one back in October, still no word on it being built. great value on a vehicle you’ll never receive.
Ditto to previous responses. My 2019 PHEV Fusion is a great car. I ordered the PHEV Escape 11 months ago. Still not built.
I ordered a 2022 Escape Plug in Hybrid in March of 2022. It was never delivered. The dealership told me to come get my deposit check. I could have purchased one off the showroom floor but it would cost $4,000 over MSRP plus add-ons. I’m not sure how you calculate best value when the dealers charge so much over MSRP.
Any suspicion that your dealer sold your car to another customer so as to gain a markup?
I do not think they did that because I kept getting emails from Ford saying they didn’t have the parts to complete my order. I never got an email saying they had shipped my order. Buying a car is a horrible experience and I was hoping to do it without going through a dealership, but you can’t really do that.
Has anyone actually seen a 2023 Escape on a dealer lot? I have about a dozen dealers within a half hour drive and not one has a 2023. They are still trying to clear out the 2022s. How can it be the middle of February and they are only selling the previous model year?
Looks like all smoke and mirror’s to me. This is the first FORD I have ordered since 1973 and I am not sure now why I did it.
“”To determine the winners of its Best Value in America Awards, Vincentric measures the cost of ownership for approximately 2,000 vehicle configurations by combining the costs associated with depreciation, insurance, repairs, maintenance, finance, fuel, taxes, state fees, and opportunity costs.””