BINGHAM FARMS, MI – Vincentric released its 6th annual Best Fleet Value in America awards, with Toyota and General Motors demonstrating strong value to fleet buyers. Toyota led the way, earning 10 awards, while General Motors brought home nine, and Ford showed broad fleet value as well with five awards. Other winning brands were Volvo, Audi, Volkswagen, Nissan, and Hyundai.
“When organizations evaluate the best vehicles for their fleet, understanding lifecycle costs is a key part of that decision-making process. Fleet operators can use the Vincentric award results to fine-tune their selection and be confident that these vehicles provide value to fleet buyers,” commented David Wurster, President of Vincentric.
To determine Vincentric’s Best Fleet Value in America awards, Vincentric used a comprehensive analysis of fleet lifecycle costs to identify the best fleet values in the industry. The company measured eight cost factors for more than 2,400 vehicle configurations in the 2011 model-year, with 20 different mileage/lifecycle timeframe scenarios used in each of the 50 states plus DC. The resulting 19,000,000-plus lifecycle cost measurements were then reviewed to determine the winning vehicles.
The eight cost factors that determined overall lifecycle costs were depreciation, fuel, insurance, opportunity cost, financing, maintenance, taxes and state fees, and repairs. These costs were integrated with the Vincentric Fleet Price, which estimates the acquisition cost for each vehicle in the study.
Further information regarding all of the winners of Vincentric’s Best Value in America awards for the 2011 model-year and Vincentric’s methodology is available at www.vincentric.com.
Originally posted on Automotive Fleet