Mar 30, 2009 09:20 ET
General Motors Shows Strength with Ten Vehicles Earning Vincentric’s Best Value in America Awards
BINGHAM FARMS, Mich. --(Business Wire)-- Mar 30, 2009
With today’s announcement of the 5th annual Vincentric Best
Value in America™ awards, General Motors showed product strength across
the board as ten of its vehicles earned Vincentric’s top honors. BMW and
Toyota also had strong showings, with each brand taking home six of
Vincentric’s Best Value in America awards.
Although a variety of new vehicles were launched with the 2009 model
year, two of them showed value right out of the gate, with the Toyota
Venza and Volkswagen Routan earning awards their first year in the
market. There were also two familiar faces within the winners’ circle,
as the Toyota Tacoma and the Honda Civic were both awarded Vincentric’s
Best Value in America awards for the fifth year in a row.
“Because our awards take into account all costs involved with owning a
vehicle, they enable buyers to measure automotive value using a level
playing field,” commented David Wurster, President of Vincentric. “By
determining value using all ownership costs – and not just a one or two
costs such as fuel or monthly payments – buyers can truly understand the
impact owning a specific vehicle will have on their financial situation.”
Vincentric measures cost-of-ownership using eight different cost
factors: depreciation, fuel, insurance, opportunity cost, financing,
maintenance, taxes and state fees, and repairs. Using a statistical
model, the company identified the Best Value in America™ by measuring
which vehicles have a lower than expected ownership cost 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.
The categories and the winners of Vincentric’s Best Value in America™
for the 2009 model are available at www.vincentric.com.
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, AutoTrader, Business
Fleet Magazine, Audi of America, NADA Guides, 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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Vincentric
Dave Freed, Managing Partner, 952-891-1054
dave.freed@vincentric.com