FOR IMMEDIATE RELEASE:
Toyota and General Motors Show Fleet Strength with Vincentric's Best Fleet Value in America awards
BINGHAM FARMS, Michigan – April 7, 2011 - Vincentric’s 6th annual Best Fleet Value in America awards were released today, with Toyota and General Motors demonstrating strong value to fleet buyers. Toyota led the way, earning ten awards, while General Motors brought home nine, and Ford showed broad fleet value as well with 5 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 8 cost factors for over 2,400 vehicle configurations in the 2011 model year, with twenty different mileage/lifecycle timeframe scenarios used in each of the 50 states plus DC. The resulting 19,000,000+ 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.
Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Vincentric data is used by organizations such as Yahoo! Autos, AOL, Cars.com, Chevrolet, Toyota, Kiplinger.com, AutoTrader, Business Fleet Magazine, Volvo, NADA Guides, The AutoChannel.com and Fleet-Central.com as a means of providing automotive insight to their clientele. Vincentric, LLC is a privately held automotive data compilation and analysis firm headquartered in Bingham Farms, Michigan.
This press release is provided for editorial use only. No advertising or other promotional use can be made of the information in this release without the express prior written consent of Vincentric LLC.
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