DEFINING BEST FLEET VALUE

 

Each month Vincentric measures the cost to own and operate vehicles based upon typical use in a commercial fleet. To determine these overall lifecycle costs, fleet purchase incentives are incorporated into the calculation of the Vincentric Fleet Price for each vehicle, and costs for each vehicle are measured in the following 8 areas:

 

Depreciation Insurance
Fees & Taxes  Maintenance
(scheduled and  unscheduled)                          
Finance                                Opportunity Cost
Fuel Repairs

 

 

  • To determine the Vincentric Best Fleet Value in America™ awards, the eight costs for each of the 2,500+ qualifying vehicles1 were measured in fifty states plus DC, with this data being used to create U.S. totals. The result was over 1,000,000 cost measurements.

 

  • These 1,000,000 calculations were then used to determine fleet lifecycle costs in 28 different ownership/mileage scenarios, resulting in approximately 28,500,000 fleet lifecycle cost calculations.

 

  • 24 months of ownership at 10,000, 15,000, 20,000, 25,000, 30,000, 35,000, and 40,000 miles annually
  • 36 months of ownership at 10,000, 15,000, 20,000, 25,000, 30,000, 35,000, and 40,000 miles annually
  • 48 months of ownership at 10,000, 15,000, 20,000, 25,000, 30,000, 35,000, and 40,000 miles annually
  • 60 months of ownership at 10,000, 15,000, 20,000, 25,000, 30,000, 35,000, and 40,000 miles annually

 

  • Vehicles were then assigned to one of 43 different vehicle segments2. For each of the 43 segments, vehicles were ranked low to high in terms of their total lifecycle costs for each of the 28 lifecycle scenarios.

 

  • If a vehicle had the lowest fleet lifecycle cost in any of the 28 lifecycle scenarios for its segment, it became a finalist. 

 

  • Of the finalists, the vehicle having the lowest fleet lifecycle costs in the most lifecycle scenarios was declared the winner. If two or more vehicles were best in the same number of lifecycle scenarios, the vehicle with the most second place rankings was determined the winner. If that process did not create a winner, the vehicle with the best ranking in the 36 month, 25,000 mile scenario was selected as the winner.

 


 

1To qualify, manufacturers needed to have an active fleet sales organization with published fleet incentives and meet specific sales thresholds in the commercial and governmental markets.

 

2Vehicle Segments

PASSENGER CAR:

Subcompact                     
Subcompact Hatchback                      Compact                              
Compact Hatchback Mid-Size Large Sedan
Wagon
Hybrid
Electric/Plug-In Hybrid

LUXURY PASSENGER CAR:

Luxury Compact Luxury Hatchback Luxury Mid-Size Sedan
Premium Luxury Mid-Size Sedan                                                     Premium Luxury Large Sedan Luxury Wagon
Luxury Hybrid
Luxury Electric/Plug-In Hybrid

SUV & CROSSOVER:

Subcompact SUV/Crossover Compact SUV/Crossover Mid-Size SUV/Crossover
Large SUV/Crossover
Hybrid SUV/Crossover
Electric/Plug-In Hybrid
SUV/Crossover

LUXURY SUV & CROSSOVER:

Luxury Compact SUV/Crossover Luxury Mid-Size SUV/Crossover Luxury Large SUV/Crossover                        
Luxury Electric/Plug-In Hybrid SUV/Crossover

TRUCK:

Small/Mid-Size Pickup Full-Size 1/2-Ton Pickup Full-Size 3/4-Ton Pickup
Full-Size 1-Ton Pickup

VAN:

Minivan Electric/Plug-In Minivan Hybrid Small Commercial Passenger Van                                              
Small Commercial Cargo Van Mid-Size Commercial Passenger Van Mid-Size Commercial Cargo Van
Full-Size 1/2-Ton Passenger Van Full-Size 3/4-Ton Passenger Van Full-Size 1-Ton Passenger Van
Full-Size 1/2-Ton Cargo Van Full-Size 3/4-Ton Cargo Van Full-Size 1-Ton Cargo Van

 

 

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Minivan