Honda, Lexus and GMC are your best bets when shopping for a Certified Pre-Owned car, claiming top spots in their respective classes in the first ever Vincentric Best CPO Value in America Awards.
Top marks went to Honda for the best value passenger car brand while Lexus took home the award for the best luxury brand. GMC was awarded the best CPO value in the truck class.
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Awards are determined based on which vehicles have a lower than expected ownership cost based on their market segment and price. Cost of ownership is based on eight criteria: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs.
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“The Vincentric Best CPO Value in America awards recognizes the efforts manufacturers have put into quality improvements,” says David Wurster, President of Vincentric. “These improvements, supported by strong CPO warranties, provide value to buyers of certified pre-owned vehicles. When a great vehicle is combined with a great CPO program, more and more consumers will consider a certified pre-owned vehicle.”