FOR IMMEDIATE RELEASE:
Toyota, Lexus, and Ford Earn Top Honors with Vincentric Best Value in America Awards
BINGHAM FARMS, Michigan – April 15th, 2013 – The 9th annual Vincentric Best Value in America awards were announced earlier today, with Toyota and its Lexus luxury brand earning awards for best value passenger car brand and luxury brand, respectively. Ford captured the best truck brand award, while General Motors and American Honda also did well, with both organizations earning five Vincentric awards.
"As we've seen in previous years, a large variety of auto manufacturers had vehicles winning the Vincentric Best Value in America award," stated David Wurster, President of Vincentric. "This isn't surprising given the incredibly strong competition in today's automotive market; it shows that the increasing awareness and management of total cost of ownership by manufacturers is demonstrating significant value in this expanding market," he added.
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, the company identified the Vincentric Best Value in America winners by measuring which vehicles had lower than expected ownership costs given their market segment and price. Each vehicle was evaluated in all 50 states plus DC using a range of annual mileage intervals and insurance profiles.
ABOUT VINCENTRIC
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 Yahoo! Autos, AOL, Cars.com, Chevrolet, Toyota, Kiplinger.com, Mercedes-Benz, Business Fleet Magazine, Volvo, NADA Guides, BMW and Fleet-Central.com 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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Contact:
Michelle Otremba
Vincentric, LLC
248-430-4121 ext. 109
michelle.otremba@vincentric.com
www.vincentric.com
©2013 Vincentric, LLC, All Rights Reserved.
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