Vincentric recognizes lifecycle value
July 10, 2012
by Fleet Management staff
BINGHAM FARMS, Michigan: The first annual Vincentric Best Fleet Value in Canada awards have been announced, with Ford Motor Company of Canada leading the pack with seven award winning vehicles. Other brands with a cost-efficient fleet line-up included Chrysler, General Motors, Mercedes-Benz, and Toyota, with each of these manufacturers winning five awards. Other brands earning the Vincentric honor included Audi, Hyundai, Mazda, Nissan, Subaru, and Volvo.
The strong Ford performance was evident in key fleet segments with the Taurus, F-150 pickup, and E-150 passenger van topping the Ford winners’ list, while the Toyota Camry took top honors in the popular mid-size sedan segment. Winners in other major fleet segments included the Dodge Grand Caravan and the Mercedes-Benz Sprinter, which took home three awards, while in the emerging plug-in/electric segment the Chevrolet Volt led the way. Volvo also performed well in the premium segments with three award winning vehicles.
“With the continued globalization of the automotive industry, we felt it was essential to analyze total cost of ownership of fleet vehicles in Canada”, stated David Wurster, president of Vincentric. “We are excited to help Canadian fleet organizations better understand and evaluate Canada specific lifecycle costs to help make informed vehicle selections,” he added.
To determine the 2012 Vincentric Best Fleet Value in Canada awards, Vincentric analyzed over 1,700 vehicle configurations in 24 different lifecycle cost scenarios, using eight cost factors including depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The lifecycle costs were measured in all ten provinces, with the resulting 3,000,000+ lifecycle cost measurements then reviewed to determine the winning vehicles.