Shopping for a certified pre-owned (CPO) vehicle in Canada? This list is a great place to start.
Vincentric has released its inaugural Best Certified Pre-Owned Value in Canada awards, after conducting a statistical analysis to reveal which vehicles had lower than expected ownership costs given their market segment and price. The company analyzed over 11,000 vehicle configurations across eight cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
Each CPO vehicle was evaluated in all 10 provinces, plus the Northwest Territories, under the assumption that each vehicle is driven 20,000 kilometers (12,427 miles) annually over five years. Leading the way was Honda, which claimed two brand awards: Passenger Car Brand and SUV, Crossover & Van Brand. Audi took home the Luxury Car Brand category, while Lexus won Luxury SUV & Crossover Brand. Ford beat out its competitors for Truck Brand.
The following is a breakdown by segment for the best CPO cars according to Vincentric.
Subcompact: Kia Rio
The Kia Rio has the lowest repair cost in its class, helping contribute to its victory in the Subcompact category.
Subcompact Hatchback: Honda Fit
Like the Kia Rio, the Honda Fit has the lowest repair costs in its class, helping it take top honors in the Subcompact Hatchback category.
Compact: Honda Civic
The popular Honda Civic also has the lowest repair costs in its class, making it the best Compact CPO available in Canada.
Compact Hatchback: Volkswagen Golf SportWagen
At the top of the Compact Hatchback segment is the Volkswagen Golf SportWagen, which has the lowest maintenance cost in its class.
The stylish Mazda6 beat out several competitors in the Mid-Size category, thanks to having the lowest operating cost and best fuel economy in its class.
Large Sedan: Ford Taurus
The Ford Taurus claims the Large Sedan segment, with the lowest repair costs and lowest insurance cost in its class.
Sports Car: Hyundai Veloster
The second-generation Hyundai Veloster was recently introduced, but that doesn’t mean the first-generation model isn’t worth buying. The Veloster has the lowest maintenance cost and lowest depreciation rate in the Sports Car segment.
Hybrid: Toyota Prius
The popular Toyota Prius claims the Hybrid category, offering the best fuel economy in its class.
Electric/Plug-in Hybrid: Kia Soul EV
The Kia Soul EV claims several accolades in the Electric/Plug-in Hybrid segment, having the best fuel economy, lowest operating cost, and repair costs in its class.
Luxury Compact: Acura ILX
The Acura ILX claimed victory in the Luxury Compact category by having the lowest depreciation cost, lowest cost of ownership, and lowest operating cost in its class.
Luxury Coupe: BMW 4 Series
The Luxury Coupe segment has plenty of options, but the BMW 4 Series takes top honors thanks to its low repair costs and maintenance costs.
Luxury Mid-Size Sedan: Acura TLX
The Acura TLX is a great option for those looking for a Luxury Mid-Size Sedan, having the lowest depreciation rate and highest resale value in its class.
Premium Luxury Mid-Size Sedan: Audi A6
The Audi A6 has the lowest insurance cost in its class, a strong contributing factory in its victory in the Premium Mid-Size Sedan segment.
Premium Luxury Large Sedan: Audi A7
Another Audi victory goes to the A7 in the Premium Luxury Large Sedan category. The Audi A7 has the best fuel economy in its class.
Luxury Wagon: Volvo V60
There aren’t very many wagons left in North America, but the Volvo V60 claims the Luxury Wagon segment. It has the lowest repair cost and lowest insurance cost in its class.
Luxury Sports Car: Jaguar F-Type
The lovely Jaguar F-Type takes top honors in the Luxury Sports Car segment, having the lowest repair cost in its class.
Luxury Convertible: Audi A3 Cabriolet
There’s quite a few options if you’re shopping for a Luxury Convertible, but the Audi A3 has the best CPO value in Canada. It has the lowest depreciation cost, best fuel economy, and lowest operating cost in its class.
Luxury Hybrid: Lexus ES 300h
The Luxury Hybrid segment goes to the Lexus ES 300h, which has the lowest insurance cost and maintenance cost in its class.
Subcompact SUV/Crossover: Buick Encore
Contributing to the Buick Encore’s victory in the Subcompact SUV/Crossover segment was its lowest insurance cost and highest resale value in the class.
Compact SUV/Crossover: Honda CR-V
Honda has yet another vehicle claiming a victory, with the CR-V in the Compact SUV/Crossover segment. Contributing to its victory is the crossover’s low insurance cost and strong fuel economy.
Mid-Size SUV/Crossover: Mazda CX-9
The Mazda CX-9 has the highest resale value and lowest depreciation rate in its class, contributing to its victory in the Mid-Size SUV/Crossover segment.
Large SUV/Crossover: Ford Flex
Ford earns an award in the Large SUV/Crossover segment with the Flex, which has the best fuel economy, lowest maintenance cost, and lowest cost of ownership in its class.
Hybrid SUV/Crossover: Toyota Highlander Hybrid
Earning the award in the Hybrid SUV/Crossover segment is the Toyota Highlander Hybrid, which has the highest resale value, lowest depreciation rate, and lowest insurance cost in its class.
Minivan: Honda Odyssey
There are very few competitors left in the Minivan segment, but the Honda Odyssey has the best CPO value in Canada. The Odyssey has the highest resale value, best fuel economy, and lowest insurance cost in its class.
Large Compact SUV/Crossover: Audi Q3
There are plenty of options in the Luxury Compact SUV/Crossover segment, but the Audi Q3 has the lowest depreciation rate and highest resale value in its class.
Large Mid-Size SUV/Crossover: Lexus RX 350
Low depreciation costs and strong fuel economy in its class helped the Lexus RX 350 claim victory in the Luxury Mid-Size SUV/Crossover segment.
Luxury Large SUV/Crossover: Infiniti QX60
The QX60 claims the Luxury Large SUV/Crossover segment, having the lowest maintenance cost, best fuel economy, and lowest operating costs in its class.
Small/Mid-Size Pickup: Toyota Tacoma
The Toyota Tacoma is the only pickup truck to claim a victory in its segment that doesn’t come from Ford. The Tacoma has the lowest operating costs and lowest maintenance cost in the Small/Mid-Size Pickup segment, contributing to its win.
Full-Size 1/2-Ton Pickup: Ford F-150
Ford’s lineup of pickup trucks dominate the following categories, with the F-150 claiming the Full-Size 1/2-Ton Pickup segment. The F-150 has the lowest maintenance cost, operating costs, and total cost of ownership in its class.
Full Size 3/4-Ton Pickup: Ford F-250
Moving to the Full-Size 3/4-Ton Pickup segment is the Ford F-250, which has the lowest repair cost, maintenance cost, and lowest cost of ownership in its class.
Full Size 1-Ton Pickup: Ford F-350
And finally, there’s the Ford F-350 in the Full-Size 1-Ton Pickup segment. The F-350 has the highest resale value, lowest depreciation rate, and lowest total cost of ownership in its class.