FOUNTAIN VALLEY, Calif. -

This year's Vincentric Best Fleet Value in America Awards have recognized Hyundai’s 2017 Elantra SE, 2017 Sonata Hybrid and 2017 Tucson models for their low cost of operation, the automaker announced on Thursday.

Hyundai’s Elantra model took the top spot in the compact sedan category for the third time.

Meanwhile, the Tucson won its second award in the compact SUV/crossover category and the Sonata Hybrid received its first honor in the hybrid segment.

"The versatility, quality and fuel efficiency of our product lineup allow fleet operators and consumers alike to have an ownership experience that is low in cost and hassle," Hyundai Motor America senior group manager of product planning Brandon Ramirez said in a news release. "Customer-focused features like the Elantra's comprehensive safety characteristics, the engaging driving features of the Sonata Hybrid and the advanced infotainment technology of the Tucson exemplify our commitment of delivering a high-quality driving experience without sacrificing value and reliability."

Now in its 12th year, Vincentric’s Best Fleet Value in America Awards honor models with the lowest total cost of ownership in the greatest number of measured lifecycle cost scenarios.

"Our Best Fleet Value in America award highlights vehicles that retain their value throughout their fleet lifecycle," Vincentric president David Wurster said. "Hyundai's wins across several different categories is a testament to their ability to deliver high value with a wide product mix in the commercial vehicle space."

Vincentric measures cost-of-ownership using the following list of cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs. Award winners were determined to have the lowest fleet lifecycle cost in the most scenarios for its particular segment.