2024 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 2024 Vincentric Best Value in Canada Awards.

Lowest Cost to Own Awards – See the full list of vehicles that earned 2024 Vincentric Lowest Cost to Own in Canada awards.

2024 AWARD WINNERS
BRAND AWARDS
Passenger Car Brand		Mini earned the Best Value Passenger Car brand award for this year, led by a best-in-class performance from the Cooper EV.
Luxury Car Brand		Tesla won its second consecutive victory for Best Value Luxury Car brand. Tesla's champions were the Model 3 and the Model S, each with their second wins in a row.
SUV & Van Brand		Returning to the winner's circle for an outstanding fourth consecutive year and seventh time overall, Toyota claimed the SUV & Van brand award. The Sequoia and Sienna each impressed with their tenth and seventh overall wins for their segments, respectively.
Luxury SUV Brand		Tesla took home the Luxury SUV brand award for the second year in a row, helped by a victory for the Model Y in the Luxury Compact SUV segment.
Truck Brand		Ram claimed victory for Best Value Truck brand. The 2500 and 3500 pickups were each repeat winners in their segments, leading Ram to this fourth-time brand-level victory.
PASSENGER CAR
Subcompact		Nissan Versa Contributing factors: 4.9% below expected ownership costs Lowest Insurance Cost in its Class Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 2 Competitor Models
Subcompact
Compact		Hyundai Elantra Hybrid Contributing factors: 13.2% below expected ownership costs Lowest Fuel Cost in its Class Lowest Repair Cost in its Class Lowest Operating Costs in its Class Outperformed 7 Competitor Models
Compact
Compact Hatchback		Mini Cooper EV Contributing factors: 30.2% 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 9 Competitor Models
Compact Hatchback
Mid-Size		Toyota Prius Prime Contributing factors: 22.4% below expected ownership costs Lowest Depreciation Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 8 Competitor Models
Mid-Size
Sports Car		Mazda MX-5 Contributing factors: 8.7% below expected ownership costs Lowest Repair 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: 26.2% 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: 2.7% 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 2 Competitor Models
Luxury Coupe
Luxury Mid-Size Sedan		Polestar Polestar 2 Contributing factors: 30.8% below expected ownership costs Lowest Depreciation Cost in its Class Lowest Insurance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 19 Competitor Models
Luxury Mid-Size Sedan
Luxury Large Sedan		Tesla Model S Contributing factors: 24.1% 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 15 Competitor Models
Luxury Large Sedan
Luxury Wagon		Volvo V60 Plug-In Hybrid Contributing factors: 15.4% below expected ownership costs Lowest Fuel Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 2 Competitor Models
Luxury Wagon
Luxury Sports Car		Chevrolet Corvette Contributing factors: 6.9% below expected ownership costs Outperformed 11 Competitor Models
Luxury Sports Car
Luxury Convertible		Audi A5 Contributing factors: 1% below expected ownership costs Lowest Fuel Cost in its Class Lowest Maintenance Cost in its Class Lowest Operating Costs in its Class Outperformed 2 Competitor Models
Luxury Convertible
SUV & Van
Subcompact SUV		Kia Niro EV Contributing factors: 27.4% below expected ownership costs Lowest Depreciation Rate in its Class Outperformed 16 Competitor Models
Subcompact SUV
Compact SUV		Hyundai Ioniq 5 Contributing factors: 21.6% below expected ownership costs Outperformed 31 Competitor Models
Compact SUV
Mid-Size SUV		Chevrolet Blazer EV Contributing factors: 20.9% below expected ownership costs Lowest Fuel Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 25 Competitor Models
Mid-Size SUV
Large SUV		Toyota Sequoia Contributing factors: 10.7% below expected ownership costs Lowest Fuel Cost 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 Insurance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 5 Competitor Models
Minivan
LUXURY SUV
Luxury Compact SUV		Tesla Model Y Contributing factors: 24.8% below expected ownership costs Lowest Fuel Cost in its Class Lowest Maintenance Cost in its Class Lowest Total Cost of Ownership in its Class Outperformed 40 Competitor Models
Luxury Compact SUV
Luxury Mid-Size SUV		Kia EV9 Contributing factors: 27.1% below expected ownership costs Lowest Repair Cost in its Class Lowest Operating Costs in its Class Lowest Total Cost of Ownership in its Class Outperformed 35 Competitor Models
Luxury Mid-Size SUV
Luxury Large SUV		Mercedes-Benz EQS SUV Class Contributing factors: 17.9% below expected ownership costs Lowest Fuel Cost in its Class Lowest Operating Costs in its Class Outperformed 7 Competitor Models
Luxury Large SUV
TRUCK
Small/Mid-Size Pickup		Ford Maverick Hybrid Contributing factors: 15.3% 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
Small/Mid-Size Pickup
Full-Size 1/2-Ton Pickup		Ford F-150 Lightning Contributing factors: 25.4% 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 5 Competitor Models
Full-Size 1/2-Ton Pickup
Full-Size 3/4-Ton Pickup		Ram 2500 Contributing factors: 2.4% 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: 2.1% 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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