Automotive data research and analysis firm Vincentric has named the Chevy Impala as the 2024 Lowest CPO Cost to Own Award winner in the Large Sedan category of its Passenger Car segment of certified pre-owned (CPO) vehicles.
The Chevy Impala headed its category because its cost of ownership is $8,086 below the next most cost-effective certified pre-owned large sedan, as well as outperforming three of its rivals according to Vincentric.
The annual Cost to Own Award that the Chevy Impala won is not to be confused with the Vincentric Best CPO Value in America award, however. Both awards are based on analysis of “depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.”
Cost to Own is a more objective analysis of the data, measuring the actual expenses an owner is likely to incur with one of the vehicles in their garage. Meanwhile, Best CPO Value is a somewhat more subjective measure that rates vehicles based on their expected ownership cost – or in other words those that are cheaper than what the Vincentric analysts think they should be valued at, making them a “good deal.”
Production of the Impala nameplate ended with the 2020 Chevy Impala as GM continued eliminating sedans in response to customer preferences shifting strongly toward crossovers. At the time it was discontinued, the Impala was in its tenth generation and had just received a handful of updates and changes.
The final model year of the Impala is motivated by a single powerplant option, the 3.6L V6 LFX gasoline engine rated at 305 horsepower and 264 pound-feet of torque. This V6 engine is paired with FWD and a six-speed automatic transmission. Configured as a full-size four-door sedan, it rides on a long-wheelbase variant of the GM Epsilon II platform called Super Epsilon, which was also used for the second-generation Buick LaCrosse and first-generation Cadillac XTS.
The Factory Zero plant where the Chevy Impala was made, formerly the Detroit-Hamtramck Assembly plant in Michigan, has been switched over to production of the GMC Hummer EV and other models. The sedan was also produced at the GM Oshawa Assembly plant in southern Ontario.