Market analysis firm Vincentric recently announced its 2020 Best Value in Canada Awards for certified pre-owned (CPO) vehicles. The winners are those who have the lowest ownership costs given their market segment and price.
Vincentric measures cost-of-ownership using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
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In 2020, Mitsubishi is the passenger car brand with the best CPO value according to Vincentric, while Audi ranks number one in the luxury car segment. When it comes to SUVs and crossovers, Mazda is the leading brand on the mainstream side and Acura dominates among luxury brands. Ford is the best truck brand for value yet again.
Browse through our photo gallery above to find out which models have the best CPO value this year according to Vincentric.