DEFINING BEST FLEET VALUE IN CANADA

Each month Vincentric measures the cost to own and operate over 2,400 vehicle configurations 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 eight areas:

 

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

 

 

  • To determine the Vincentric Best Fleet Value in Canada™ awards, these fleet costs for each of the 2,400+ vehicle configurations were measured in all ten provinces plus the Northwest Territories, with this data being used to create Canada totals. The result was over 200,000 cost measurements.

 

  • These calculations were then used to determine fleet lifecycle costs in 28 different ownership/distance scenarios, resulting in over 6,000,000 fleet lifecycle cost calculations.

 

  • 24 months of ownership at 10,000, 20,000, 30,000, 40,000, 50,000, 60,000, & 70,000 kilometers annually
  • 36 months of ownership at 10,000, 20,000, 30,000, 40,000, 50,000, 60,000, & 70,000 kilometers annually
  • 48 months of ownership at 10,000, 20,000, 30,000, 40,000, 50,000, 60,000, & 70,000 kilometers annually
  • 60 months of ownership at 10,000, 20,000, 30,000, 40,000, 50,000, 60,000, & 70,000 kilometers annually

 

  • Qualifying vehicles1 were then assigned to one of 39 different vehicle segments2. For each of the 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 lowest total lifecycle costs adding the costs for the 28 scenarios was declared the winner.

 


 

1To qualify, manufacturers needed to have an active fleet organization with published fleet incentives.

 

2Vehicle Segments

PASSENGER CAR:

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

LUXURY PASSENGER CAR:

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

SUV & CROSSOVER:

Subcompact SUV/Crossover Compact SUV/Crossover Mid-Size SUV/Crossover
Large SUV/Crossover
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 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                                                                   

 

< Back to Vincentric Best Fleet Value in Canada Awards