Vincentric hands out first Certified Pre-Owned awards
Vincentric Best CPO Value in Canada awards recognize strong CPO programsJoe Duarte
Published: April 2, 2018, 2:30 AM
Updated: April 30, 2018, 5:00 PM
Vincentric, a leading provider of data and insight to select automakers and organizations, has announced its inaugural awards of Certified Pre-Owned Value in Canada, bestowing top honours on Audi, Ford, Honda and Lexus.
The Vincentric Best Certified Pre-Owned (CPO) Value in Canada awards saw Honda topping the winners’ list with brand winners in Car and SUV/Crossover/Van categories, Lexus took home the Luxury SUV/Crossover brand award, Audi was top brand in Luxury Car and Ford took Truck award.
“The Vincentric Best CPO Value in Canada awards recognize manufacturer efforts to support strong CPO programs which provide value to buyers of certified pre-owned vehicles,” stated Vincentric president David Wurster. “Our awards use Vincentric’s proprietary total cost ownership measurements that take into account the lower depreciation, maintenance, and repair costs of CPO vehicles. The strong value of these award-winning vehicles along with their CPO warranties gives Canadian buyers a great selection of certified pre-owned vehicles to consider.”
The company conducted over 11,000 statistical analyses on vehicle configurations (in all 10 provinces plus the NWT) to determine what vehicles had lower than expected ownership costs within their segment and price range. The models were judged on eight cost factors — depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
The costs were analyzed in light of each brand’s Certified Pre-Owned warranty, and applied the odometer requirements to authorize as a vehicle as a CPO vehicle, creating a baseline of 20,000 km per year over five years (2013-2017, inclusive).
Vincentric then crunched the numbers to determine which brands had the best combined CPO Value in the five overall brand categories as well as 31 individual model categories.
Ford came away the big winner by taking home five individual honours — Flex, Taurus and three pickups (F-150, F-250 and F-350). Honda took home four individual awards, one each for Civic, CR-V, Fit and Odyssey, and was matched by Audi, which took home awards for A3, A6, A7 and Q3.
Toyota hoisted three individual awards — two hybrids with Prius and Highlander Hybrid, and Tacoma — and Acura, Kia, Lexus and Mazda took home two awards each — Acura’s ILX and TLX, Kia Rio and Soul EV, Lexus ES 300h and RX 350, and Mazda6 and CX-9.
Individual award winners were the BMW 4 Series, Buick Encore, Hyundai Veloster, Infiniti QX60, Jaguar F-Type, Volkswagen Golf Sportwagen and Volvo V60.