It's no secret that the COVID-19 pandemic has caused significant shifts in people's spending habits. That fact is just as true in the automotive industry. As David Wurster, Vincentric President, puts it, "“Many people in the U.S. are being impacted by the current economic uncertainty and are looking to save money by purchasing used vehicles." [1] Here at Ferguson Subaru, serving the Greater Tulsa Metro, we've seen our used car shoppers grow in numbers, since the start of the pandemic.
Mr. Wurster goes on to say, "Consumers looking to buy a certified pre-owned vehicle want to know that their choice will give them the value they need for their money. Our [Vincentric] awards can guide consumers and help them make decisions with confidence, especially with so many brands showing strong CPO value by winning Best CPO Value brand awards on a consistent basis.” [1]
Subaru is one of those brands who have proven their strong CPO value by consistently winning Vincentric Best CPO Value in America™ awards. In the 2021 Vincentric Best CPO Value in America™ awards, both the Subaru Legacy and Subaru Outback have retained their crowns, in their respected segments. For the second consecutive year, the Subaru Legacy received the award in the Mid-Size segment; while the Subaru Outback earned the top spot in the Mid-Size SUV/Crossover segment, for its fourth consecutive year.
Vincentric, LLC is a privately held automotive data compilation and analysis firm headquartered in Bingham Farms, Michigan. Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. [1] To determine the 2021 Vincentric Best CPO Value in America™ Award winners, Vincentric conducted a statistical analysis to reveal which vehicles had lower than expected ownership costs given their market segment and price. Vincentric analyzed over 15,000 vehicle configurations using eight cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. [1]
Lower operating, insurance, and maintenance costs (compared to their respected segment competition) have all been contributing factors in both the Subaru Legacy's and the Subaru Outback's continued success in the Vincentric Best CPO Value in America™ awards.
Consumers looking to purchase a CPO vehicle have added benefits when it comes to Subaru CPO vehicles. Every Certified Pre-Owned Subaru gets a 152-point safety inspection and comes with a factory-backed 7-year/100,000-mile powertrain (from original warranty start date). All the benefits Subaru puts into their CPO package are all there to assure consumers that their vehicles are built to last. In fact, 97% of Subaru vehicles sold in the last 10 years are still on the road today.
Ferguson Subaru has dozen of quality Certified Pre-Owned Subaru models to choose from, including Certified Pre-Owned Subaru Legacy and Certified Pre-Owned Subaru Outback models. Our team of friendly, Subaru Product Specialists would be happy to answer any questions you have about our CPO Subaru models, and the benefits that come with Subaru's CPO package. Give our team a call, today, at 918-258-1800.
Sources:
“Vincentric Announces 2021 Best CPO Value in America™ Awards: Ford, Toyota, and Honda Are Front-Runners.” Www.vincentric.com, 7 Dec. 2020, www.vincentric.com/Home/Best-Value-Awards/2021-Best-Value-in-America/2021-Best-CPO-Value-in-America-Press-Release.
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