FOR IMMEDIATE RELEASE:
Vincentric Releases 2016 U.S. Diesel Analysis - Diesel Passenger Cars are Cost Effective; Most Diesel Pickups are Not
BINGHAM FARMS, Michigan – December 15th, 2016 – Vincentric, LLC announced its most recent U.S. Diesel Analysis today, in which 55 of the total 356 diesel vehicles analyzed, or just over 15%, were identified as having a lower total cost-of-ownership than their closest all-gasoline powered counterparts.
The 356 available diesel vehicles were categorized into three types: Passenger Cars (9 diesels), Pickup Trucks (272 diesels), and SUVs/Crossovers & Vans (75 diesels). Every one of the nine Passenger Car diesels showed lower total cost-of-ownership compared to their closest all-gasoline-powered counterparts. In contrast, the pickup truck diesels showed approximately 6% to be cost-effective compared to the most similar all-gasoline vehicle, with all 19 of these cost-effective pickup truck diesels manufactured by Ram. Finally, the SUVs/Crossovers & Vans category showed 36% of diesels having lower total-cost-of-ownership than their closest all-gasoline-powered counterpart.
“There are a variety of reasons contributing to the higher ownership costs of diesel vehicles,” said Vincentric President David Wurster. “In addition to higher maintenance costs for many diesel vehicles, we’ve observed gasoline prices falling and diesel prices rising over the past several months. In spite of this, over 50 diesels showed cost-of-ownership savings, signaling to buyers that diesel cost-savings are specific to certain models and vehicle types.”
To conduct the 2016 U.S. Diesel Analysis, Vincentric measured total-cost-of-ownership of vehicles using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs. The analysis assumed vehicle ownership for five years and 15,000 miles driven annually. Further information regarding this analysis is available here.
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 AOL, BMW, Business Fleet Magazine, Fleet-Central.com, Cars.com, Chevrolet, Mercedes-Benz, NADA Guides and Toyota 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.
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**This page was updated and corrected on December 15th 2016 at 11:15 AM
For more information on the Diesel Analysis, please click here.