DEFINING BEST FLEET VALUE IN CANADA

Each month Vincentric measures the cost to own and operate over 1,700 vehicle configurations based upon typical use in a commercial fleet. To determine these overall lifecycle costs, fleet purchase incentives are incorporated into the calculation of the Vincentric Fleet Price for each vehicle, and costs for each vehicle are measured in the following eight areas:

 

Depreciation Insurance
Fees & Taxes  Maintenance
(scheduled and unscheduled)                           
Finance                                Opportunity Cost
Fuel Repairs

 

 

  • To determine the Vincentric Best Fleet Value in Canada™ awards, these fleet costs for each of the 1,700+ vehicle configurations were measured in all ten provinces plus the Northwest Territories, with this data being used to create Canada totals. The result was nearly 150,000 cost measurements.

 

  • These calculations were then used to determine fleet lifecycle costs in 24 different ownership/distance scenarios, resulting in over 3,500,000 fleet lifecycle cost calculations.

 

  • 24 months of ownership at 15,000, 25,000, 30,000, 40,000, 50,000, & 60,000 kilometers annually
  • 36 months of ownership at 15,000, 25,000, 30,000, 40,000, 50,000, & 60,000 kilometers annually
  • 48 months of ownership at 15,000, 25,000, 30,000, 40,000, 50,000, & 60,000 kilometers annually
  • 60 months of ownership at 15,000, 25,000, 30,000, 40,000, 50,000, & 60,000 kilometers annually

 

  • Qualifying vehicles1 were then assigned to one of 31 different vehicle segments2. For each of the segments, vehicles were ranked low to high in terms of their total lifecycle costs for each of the 24 lifecycle scenarios.

 

  • If a vehicle had the lowest fleet lifecycle cost in any of the 24 lifecycle scenarios for its segment, it became a finalist. Of the finalists, the vehicle having the lowest fleet lifecycle costs in the most lifecycle scenarios was declared the winner. If two or more vehicles were best in the same number of lifecycle scenarios, the vehicle with the most second place rankings was declared the winner. If that process did not create a winner, the vehicle with the lowest total lifecycle costs after adding the costs for the 24 scenarios was declared the winner.

 


 

1To qualify, manufacturers needed to have an active fleet organization.

 

2Vehicle Segments

PASSENGER CAR:

Subcompact
Compact Compact Hatchback
Mid-Size EV/PHEV

LUXURY PASSENGER CAR:

Luxury Compact Luxury Mid-Size Sedan
Luxury Large Sedan
Luxury Wagon
Luxury EV/PHEV

SUV:

Subcompact SUV Compact SUV Mid-Size SUV
Large SUV
EV/PHEV SUV

LUXURY SUV:

Luxury Compact SUV Luxury Mid-Size SUV Luxury Large SUV
Luxury EV/PHEV SUV

TRUCK:

Small/Mid-Size Pickup Full-Size 1/2-Ton Pickup Full-Size 3/4-Ton Pickup
Full-Size 1-Ton Pickup

VAN:

Minivan Small Commercial Passenger Van
Small Commercial Cargo Van
Full-Size 3/4-Ton Passenger Van Full-Size 1-Ton Passenger Van Full-Size 1/2-Ton Cargo Van
Full-Size 3/4-Ton Cargo Van Full-Size 1-Ton Cargo Van

 

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