Toyota tops Vincentric’s Best Value in America Awards list
Vincentric awarded the Toyota brand top honors in its 14th annual Best Value in America Awards.
Toyota received a total of two Best Value in America brand awards and eight model-level awards, including the Toyota Tacoma which earned honors for the 14th year in a row.
For the second year in a row, the Toyota brand also earned awards in the passenger car and SUV/crossover/van categories.
Among other mainstream brands, Ford won the Best Value Truck brand award for the third year in a row, and the Honda Odyssey received recognition for Best Value Minivan for the ninth time.
Additionally, BMW earned top honors in the luxury car category, and the Lexus ES 300h took home the Best Value Luxury Hybrid award for the sixth year.
“By measuring all costs buyers incur when owning a car, we deliver a data-driven analysis that identifies which vehicles provide the best value over time,” Vincentric president David Wurster said in a news release. “The insight gained by these awards not only informs buyers, but it also helps dealers and OEMs understand which vehicles are delivering value and which vehicles might need to have their cost structure re-evaluated.”
Vincentric measures cost-of-ownership across eight different cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs.
To identify Best Value in America winners, Vincentric measures cost-of-ownership using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs.
According to the company, more than 3,000 vehicle configurations were evaluated in all 50 states and Washington, D.C. using a range of annual mileage intervals and insurance profiles.