2023 Vincentric Best CPO Value in Canada Winner's List

VINCENTRIC BEST CPO VALUE IN CANADA AWARDS

Once per year Vincentric performs a cost of ownership analysis at the model level to determine Vincentric Best CPO Value in Canada™ awards. Vincentric measures cost-of-ownership using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. Using a statistical model, winners were identified by measuring which vehicles had lower than expected ownership costs given their market segment and price. Each vehicle was evaluated in all ten provinces plus the Northwest Territories using a range of insurance profiles and an annual driving distance of 20,000 kilometers. A full list of winners is shown below.

Defining Value – Learn more about how Vincentric defines value for the certified pre-owned consumer market.

Press Release – Read the full press release announcing the 2023 Vincentric Best CPO Value in Canada Awards.

Lowest Cost to Own Awards – See the full list of vehicles that earned 2023 Vincentric Lowest CPO Cost to Own in Canada awards.

2023 AWARD WINNERS
BRAND AWARDS
Passenger Car Brand		Toyota claimed its second consecutive award for Best CPO Value Passenger Car brand with wins for the Corolla, Prius Prime, and Avalon leading the way to victory.
Luxury Car Brand		Audi returned to the podium with its fourth win for Best CPO Value Luxury Car brand. The A5 also continued a four-time winning streak along with a win for the A7 Plug-In Hybrid.
SUV & Van Brand		Ford took home the title of Best CPO Value SUV & Van brand, led by model-level wins for the Expedition Max and Bronco.
Luxury SUV Brand		The Best CPO Value Luxury SUV brand award was earned by Volvo, helped by the XC40 Recharge's victory for Luxury Compact SUV.
Truck Brand		GMC won the Best CPO Value Truck brand award and showed its strength in the Heavy-Duty market with wins for the Sierra 2500 and 3500.
PASSENGER CAR
Subcompact		Nissan Versa Contributing factors: 1% below expected ownership costs Outperformed 6 Competitor Models
Subcompact
Subcompact Hatchback		Kia Rio Contributing factors: 5.1% below expected ownership costs Lowest Maintenance Cost in its Class Outperformed 10 Competitor Models
Subcompact Hatchback
Compact		Toyota Corolla Contributing factors: 4.5% below expected ownership costs Outperformed 11 Competitor Models
Compact
Compact Hatchback		Hyundai Ioniq Hybrid Contributing factors: 10% below expected ownership costs Best Fuel Economy in its Class Outperformed 16 Competitor Models
Compact Hatchback
Mid-Size		Toyota Prius Prime Contributing factors: 5.5% below expected ownership costs Outperformed 23 Competitor Models
Mid-Size
Large Sedan		Toyota Avalon Contributing factors: 4.3% below expected ownership costs Best Fuel Economy in its Class Outperformed 5 Competitor Models
Large Sedan
Sports Car		Mazda MX-5 Contributing factors: 14.4% below expected ownership costs Lowest Insurance Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 9 Competitor Models
Sports Car
LUXURY CAR
Luxury Compact		BMW 3 Series Plug-In Hybrid Contributing factors: 9.5% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Outperformed 9 Competitor Models
Luxury Compact
Luxury Coupe		Audi A5 Contributing factors: 8.8% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 6 Competitor Models
Luxury Coupe
Luxury Mid-Size Sedan		Lincoln MKZ Hybrid Contributing factors: 14.7% below expected ownership costs Lowest Total Cost of Ownership in its Class Outperformed 24 Competitor Models
Luxury Mid-Size Sedan
Luxury Large Sedan		Audi A7 Plug-In Hybrid Contributing factors: 21.6% below expected ownership costs Best Fuel Economy in its Class Outperformed 16 Competitor Models
Luxury Large Sedan
Luxury Wagon		Volvo V60 Recharge Contributing factors: 10.2% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Repair Costs in its Class Outperformed 6 Competitor Models
Luxury Wagon
Luxury Sports Car		Toyota GR Supra Contributing factors: 18.8% below expected ownership costs Outperformed 18 Competitor Models
Luxury Sports Car
Luxury Convertible		BMW Z4 Contributing factors: 14.0% below expected ownership costs Lowest Repair Costs in its Class Outperformed 6 Competitor Models
Luxury Convertible
SUV & Van
Subcompact SUV		Hyundai Kona EV Contributing factors: 13.2% below expected ownership costs Best Fuel Economy in its Class Lowest Total Cost of Ownership in its Class Outperformed 19 Competitor Models
Subcompact SUV
Compact SUV		Jeep Wrangler Plug-In Hybrid Contributing factors: 9.3% below expected ownership costs Lowest Maintenance Cost in its Class Outperformed 27 Competitor Models
Compact SUV
Mid-Size SUV		Ford Bronco Contributing factors: 8.6% below expected ownership costs Outperformed 22 Competitor Models
Mid-Size SUV
Large SUV		Ford Expedition Max Contributing factors: 8.6% below expected ownership costs Outperformed 7 Competitor Models
Large SUV
Minivan		Dodge Grand Caravan Contributing factors: 2.4% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Insurance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 6 Competitor Models
Minivan
LUXURY SUV
Luxury Compact SUV		Volvo XC40 Recharge Contributing factors: 15.9% below expected ownership costs Best Fuel Economy in its Class Lowest Repair Costs in its Class Lowest Maintenance Cost in its Class Outperformed 29 Competitor Models
Luxury Compact SUV
Luxury Mid-Size SUV		Audi SQ8 Contributing factors: 15.6% below expected ownership costs Outperformed 29 Competitor Models
Luxury Mid-Size SUV
Luxury Large SUV		Mercedes-Benz GLS Class Contributing factors: 6.6% below expected ownership costs Outperformed 7 Competitor Models
Luxury Large SUV
TRUCK
Small/Mid-Size Pickup		Ford Ranger Contributing factors: 8.4% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 6 Competitor Models
Small/Mid-Size Pickup
Full-Size 1/2-Ton Pickup		Ram 1500 Contributing factors: 2.6% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 5 Competitor Models
Full-Size 1/2-Ton Pickup
Full-Size 3/4-Ton Pickup		GMC Sierra 2500 Contributing factors: 3.2% below expected ownership costs Lowest Depreciation Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 3 Competitor Models
Full-Size 3/4-Ton Pickup
Full-Size 1-Ton Pickup		GMC Sierra 3500 Contributing factors: 3.1% below expected ownership costs Lowest Depreciation Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 3 Competitor Models
Full-Size 1-Ton Pickup
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