The 12th annual Vincentric Best Value in America awards were announced today. For the 2016 model year, Honda and Lexus claimed the best value award for passenger cars and luxury cars. Subaru and Volvo earned top brand honors in the SUV/crossover categories, while Ford took the top spot for the best value brand for trucks.
In addition to the brand awards, Vincentric announced the Best Value in America winners for 32 vehicle segments. A strong performance by Lexus helped Toyota Motor Corp. earn more awards than any manufacturer, with 9 of the 32 vehicle segments going to the Toyota team. One of these award winners was the Toyota Tacoma, which won best value honors for a record-setting 12th straight year, according to Vincentric.
Ford, with a strong showing by its F-Series pickup line, and General Motors received four winning vehicles for each manufacturer, while Audi earned three awards in luxury segments.
“The 2016 Vincentric Best Value in America awards show that when manufacturers measure and manage a vehicle’s total cost of ownership, they are able to consistently deliver high value to consumers,” said David Wurster, president of Vincentric. “Our analysis has identified award-winning vehicles that have been purposefully developed with the intention of minimizing ownership costs, benefiting their customers.”
Vincentric measures cost-of-ownership using eight different cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs.
Using a statistical model, the company identified the Vincentric Best Value in America winners by measuring which vehicles had lower than expected ownership costs given their market segment and price. Over 3,000 vehicle configurations were evaluated in all 50 states — plus D.C. — using a range of annual mileage intervals and insurance profiles, according to Vincentric.
For more information on all of the winners of the Vincentric Best Value in America awards for the 2016 model year, visit www.vincentric.com.
Originally posted on Automotive Fleet