Vincentric’s 2024 Best CPO (Certified Pre-Owned) Value in America Awards have thus far produced some impressive results for The Blue Oval, with numerous models represented. That list includes the Ford Expedition, which topped the Large SUV category, the Lincoln Navigator, which ranked first in the Large Luxury SUV segment, the Ford Transit Connect and its wins in the Small Passenger Cargo Van and Small Commercial Cargo Van categories, and the Ford E-Transit, which topped the Large Cargo Van segment. However, that wasn’t all the good news for FoMoCo, as the Ford van lineup also won its own separate 2024 Best CPO Value in America Award, too.
The Ford van lineup managed to once again earn a win in this year’s CPO awards as the best in the business – for the eighth consecutive year, in fact – thanks to the strong performance of the aforementioned models. The Transit lineup played a big role in the win after securing the top spot in its segment for the seventh time, while the Transit Connect passenger and cargo vans both won their segments for the seventh and fourth year in a row, respectively.
To determine the 2024 Best CPO Value in America Award winners, Vincentric conducted a statistical analysis to discover which vehicles had lower than expected ownership costs given their market segment and price. The company analyzed over 18,000 vehicle configurations using eight cost factors to do this – depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. These costs were measured while taking into account the CPO warranty offered by each 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.
“CPO vehicles can be a smart way for car shoppers to save on costs, but there can also be an overwhelming number of options to choose from,” said David Wurster, Vincentric President. “The Vincentric Best CPO Value in America Awards can help consumers make an informed vehicle purchase decision. And with most of this year’s winners being repeat winners in their segments, consumers can have confidence that buying an award-winning CPO vehicle will likely deliver consistent value over time.”
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