2024 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 2024 Vincentric Best CPO Value in Canada Awards.

Lowest Cost to Own Awards – See the full list of vehicles that earned 2024 Vincentric Lowest CPO Cost to Own in Canada awards.

2024 AWARD WINNERS
BRAND AWARDS
Passenger Car Brand		Mazda earned the Best CPO Value Passenger Car brand award, aided by a best-in-class performance from the MX-5.
Luxury Car Brand		Volvo claimed the Best CPO Value Luxury Car brand award for this year. Wins for the S60 Plug-In Hybrid, S90 Plug-In Hybrid, and V90 demonstrated the CPO strength of Volvo's luxury car lineup and paved the way for the brand-level award.
SUV & Van Brand		Returning for the second consecutive year, Ford won the Best CPO Value SUV & Van brand award, helped by model-level wins for the Edge and Expedition Max.
Luxury SUV Brand		Jaguar took home the Best CPO Value Luxury SUV brand award thanks to a strong performance by the E-Pace in the Luxury Compact SUV segment.
Truck Brand		The Best CPO Value Truck brand award was earned by Ford for an impressive fifth time, led by victories for the Maverick Hybrid and F-150 Lightning.
PASSENGER CAR
Subcompact		Kia Rio Contributing factors: 2.6% below expected ownership costs Outperformed 7 Competitor Models
Subcompact
Compact		Subaru Impreza Contributing factors: 4% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 10 Competitor Models
Compact
Compact Hatchback		Hyundai Ioniq Hybrid Contributing factors: 17.7% below expected ownership costs Outperformed 14 Competitor Models
Compact Hatchback
Mid-Size		Ford Fusion Hybrid Contributing factors: 4% below expected ownership costs Lowest Depreciation Cost in its Class Outperformed 23 Competitor Models
Mid-Size
Large Sedan		Chrysler 300 Contributing factors: 2.1% below expected ownership costs Lowest Maintenance Cost in its Class Outperformed 3 Competitor Models
Large Sedan
Sports Car		Mazda MX-5 Contributing factors: 11.7% below expected ownership costs Lowest Repair Costs in its Class Lowest Operating Costs in its Class Outperformed 8 Competitor Models
Sports Car
LUXURY CAR
Luxury Compact		BMW 3 Series Plug-In Hybrid Contributing factors: 12.3% below expected ownership costs Lowest Fuel Cost in its Class Lowest Operating Costs in its Class Outperformed 9 Competitor Models
Luxury Compact
Luxury Coupe		Mercedes-Benz E Class Contributing factors: 5.9% below expected ownership costs Outperformed 4 Competitor Models
Luxury Coupe
Luxury Mid-Size Sedan		Volvo S60 Plug-In Hybrid Contributing factors: 13.8% below expected ownership costs Lowest Repair Costs in its Class Outperformed 20 Competitor Models
Luxury Mid-Size Sedan
Luxury Large Sedan		Volvo S90 Plug-In Hybrid Contributing factors: 23% below expected ownership costs Lowest Insurance Cost in its Class Lowest Repair Costs in its Class Lowest Operating Costs in its Class Outperformed 18 Competitor Models
Luxury Large Sedan
Luxury Wagon		Volvo V90 Contributing factors: 10.9% below expected ownership costs Outperformed 5 Competitor Models
Luxury Wagon
Luxury Sports Car		Audi e-tron GT Contributing factors: 16.9% below expected ownership costs Lowest Fuel Cost in its Class Lowest Maintenance Cost in its Class Outperformed 16 Competitor Models
Luxury Sports Car
Luxury Convertible		Audi A5 Contributing factors: 7.9% below expected ownership costs Outperformed 6 Competitor Models
Luxury Convertible
SUV & Van
Subcompact SUV		Hyundai Kona EV Contributing factors: 8% below expected ownership costs Lowest Fuel Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 21 Competitor Models
Subcompact SUV
Compact SUV		Mazda CX-5 Contributing factors: 7.5% below expected ownership costs Outperformed 39 Competitor Models
Compact SUV
Mid-Size SUV		Ford Edge Contributing factors: 6.3% below expected ownership costs Outperformed 22 Competitor Models
Mid-Size SUV
Large SUV		Ford Expedition Max Contributing factors: 7.5% below expected ownership costs Lowest Maintenance Cost in its Class Outperformed 6 Competitor Models
Large SUV
Minivan		Kia Sedona Contributing factors: 3.7% below expected ownership costs Outperformed 6 Competitor Models
Minivan
LUXURY SUV
Luxury Compact SUV		Jaguar E-Pace Contributing factors: 10.3% below expected ownership costs Lowest Depreciation Cost in its Class Outperformed 34 Competitor Models
Luxury Compact SUV
Luxury Mid-Size SUV		Volvo XC90 Contributing factors: 9.7% below expected ownership costs Outperformed 28 Competitor Models
Luxury Mid-Size SUV
Luxury Large SUV		Audi Q7 Contributing factors: 5% below expected ownership costs Outperformed 7 Competitor Models
Luxury Large SUV
TRUCK
Small/Mid-Size Pickup		Ford Maverick Hybrid Contributing factors: 19.6% below expected ownership costs Lowest Fuel Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 7 Competitor Models
Small/Mid-Size Pickup
Full-Size 1/2-Ton Pickup		Ford F-150 Lightning Contributing factors: 33.2% below expected ownership costs Lowest Fuel Cost in its Class Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 6 Competitor Models
Full-Size 1/2-Ton Pickup
Full-Size 3/4-Ton Pickup		Ram 2500 Contributing factors: 3.4% 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		Ram 3500 Contributing factors: 7.4% 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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