2023 Vincentric Best Value in Canada Awards

VINCENTRIC BEST VALUE IN CANADA AWARDS

Once per year Vincentric performs a cost of ownership analysis at the model level to determine Vincentric Best Value in Canada™ awards for the consumer market. Vincentric measures cost-of-ownership using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. Using a statistical model, winners were identified by measuring which vehicles had lower than expected ownership costs given their market segment and price. Each vehicle was evaluated in all ten provinces plus the Northwest Territories using a range of annual mileage intervals and insurance profiles. A full list of winners is shown below.

Defining Value – Learn more about how Vincentric defines value for the consumer market.

Press Release – Read the full press release announcing the 2023 Vincentric Best Value in Canada Awards.

Lowest Cost to Own Awards – See the full list of vehicles that earned 2023 Vincentric Lowest Cost to Own in Canada awards.

2023 AWARD WINNERS
BRAND AWARDS
Passenger Car Brand		Toyota earned the Passenger Car brand award for the sixth time, with this year's repeat victory aided by wins for the Corolla Hybrid and Prius Prime.
Luxury Car Brand		Tesla took home the Luxury Car brand award due in no small part to winning performances by the Model 3 and Model S.
SUV & Van Brand		Returning for the third consecutive year and sixth time overall, Toyota claimed the SUV & Van brand award, helped by wins for the Sequoia, Sienna, and Highlander Hybrid.
Luxury SUV Brand		Tesla claimed the Luxury SUV brand award with help from the Model X and Model Y's award-winning performances.
Truck Brand		Ram was the winner of the Truck brand award for this year. Model-level wins for the 2500 and 3500 pickups helped lead Ram back to the winner's circle for the third time.
PASSENGER CAR
Subcompact		Kia Rio Contributing factors: 4.1% below expected ownership costs Lowest Repair Cost in its Class Outperformed 3 Competitor Models
Subcompact
Compact		Toyota Corolla Hybrid Contributing factors: 13.1% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 3 Competitor Models
Compact
Compact Hatchback		Kia Soul EV Contributing factors: 31% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Operating Costs in its Class Outperformed 5 Competitor Models
Compact Hatchback
Mid-Size		Toyota Prius Prime Contributing factors: 27.2% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 4 Competitor Models
Mid-Size
Large Sedan		Chrysler 300 Contributing factors: 1.4% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 1 Competitor Model
Large Sedan
Sports Car		Mazda MX-5 Contributing factors: 11.5% below expected ownership costs Lowest Insurance Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 7 Competitor Models
Sports Car
LUXURY CAR
Luxury Compact		Tesla Model 3 Contributing factors: 22.4% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 8 Competitor Models
Luxury Compact
Luxury Coupe		Audi A5 Contributing factors: 3.6% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 4 Competitor Models
Luxury Coupe
Luxury Mid-Size Sedan		Polestar Polestar 2 Contributing factors: 29.6% below expected ownership costs Lowest Maintenance Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 18 Competitor Models
Luxury Mid-Size Sedan
Luxury Large Sedan		Tesla Model S Contributing factors: 24.6% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Operating Costs in its Class Outperformed 5 Competitor Models
Luxury Large Sedan
Luxury Wagon		Volvo V60 Plug-In Hybrid Contributing factors: 15.3% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 3 Competitor Models
Luxury Wagon
Luxury Sports Car		Toyota GR Supra Contributing factors: 10.7% below expected ownership costs Lowest Total Cost of Ownership in its Class Outperformed 11 Competitor Models
Luxury Sports Car
Luxury Convertible		BMW Z4 Contributing factors: 4.9% below expected ownership costs Best Fuel Economy in its Class Lowest Insurance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 3 Competitor Models
Luxury Convertible
SUV & Van
Subcompact SUV		Hyundai Kona EV Contributing factors: 29.2% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 18 Competitor Models
Subcompact SUV
Compact SUV		Volkswagen ID.4 Contributing factors: 35.8% below expected ownership costs Lowest Total Cost of Ownership in its Class Outperformed 43 Competitor Models
Compact SUV
Mid-Size SUV		Toyota Highlander Hybrid Contributing factors: 16% below expected ownership costs Outperformed 22 Competitor Models
Mid-Size SUV
Large SUV		Toyota Sequoia Contributing factors: 11% below expected ownership costs Best Fuel Economy in its Class Lowest Repair Cost in its Class Outperformed 6 Competitor Models
Large SUV
Minivan		Toyota Sienna Contributing factors: 13.9% below expected ownership costs Lowest Total Cost of Ownership in its Class Outperformed 5 Competitor Models
Minivan
LUXURY SUV
Luxury Compact SUV		Tesla Model Y Contributing factors: 24.6% below expected ownership costs Best Fuel Economy in its Class Outperformed 34 Competitor Models
Luxury Compact SUV
Luxury Mid-Size SUV		Tesla Model X Contributing factors: 20.7% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Operating Costs in its Class Outperformed 29 Competitor Models
Luxury Mid-Size SUV
Luxury Large SUV		Cadillac Lyriq Contributing factors: 22.9% below expected ownership costs Best Fuel Economy in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 8 Competitor Models
Luxury Large SUV
TRUCK
Small/Mid-Size Pickup		Ford Maverick Hybrid Contributing factors: 19.8% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 5 Competitor Models
Small/Mid-Size Pickup
Full-Size 1/2-Ton Pickup		Ford F-150 Lightning Contributing factors: 25.4% below expected ownership costs Best Fuel Economy in its Class Lowest Maintenance Cost in its Class Lowest Operating Costs in its Class Outperformed 5 Competitor Models
Full-Size 1/2-Ton Pickup
Full-Size 3/4-Ton Pickup		Ram 2500 Contributing factors: 8.6% below expected ownership costs Lowest Total Cost of Ownership in its Class Outperformed 3 Competitor Models
Full-Size 3/4-Ton Pickup
Full-Size 1-Ton Pickup		Ram 3500 Contributing factors: 6.2% below expected ownership costs Lowest Total Cost of Ownership in its Class Outperformed 3 Competitor Models
Full-Size 1-Ton Pickup
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