Toyota Motor Corp. has won a total of nine Vincentric Best Value in Canada awards this year, including three for its luxury vehicle division Lexus.

Lexus received Vincentric’s brand award for best luxury SUVs and crossovers, in addition to model awards for best luxury hybrid, luxury compact SUV/crossover and luxury mid-size SUV/crossover.

Toyota’s non-luxury models took home Vincentric's subcompact, hybrid, mid-size SUV/crossover, large SUV/crossover and small pickup awards.

Following Toyota, Honda, Vincentric's second most awarded automaker this year, received the non-luxury SUV, crossover and van brand award and four model awards.

This year’s other brand award winners include Mazda, BMW and Ford. Each of the three brands claim brand awards for the second year in a row.

Vincentric Best Value in Canada 2017 Brand Award Winners

  • Passenger Car Brand: Mazda
  • Luxury Car Brand: BMW
  • SUVs, Crossovers & Vans Brand: Honda
  • Luxury SUVs & Crossovers Brand: Lexus
  • Truck Brand: Ford

“We saw numerous repeat winners this year,” Vincentric president David Wurster said in a news release. “When manufacturers measure and manage a vehicle’s total cost of ownership, they are able to consistently deliver high value to consumers year after year.”

Vincentric uses a statistical model and considers eight ownership cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs.

“Each vehicle was evaluated in all 10 provinces plus the Northwest Territories using a range of annual kilometer intervals and insurance profiles,” the data provider explained.

For more information regarding all of this year’s Best Value in Canada award winners and Vincentric’s methodology, visit