The first annual Vincentric Best Fleet Value in CanadaTM awards were announced today, with Volvo receiving three nods in the premium wagon and crossover segments. To determine the 2012 Vincentric Best Fleet Value in Canada awards, Vincentric analyzed over 1,700 vehicle configurations in 24 different lifecycle cost scenarios, using eight cost factors including depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The lifecycle costs were measured in all ten provinces, with the resulting 3,000,000+ lifecycle cost measurements then reviewed to determine the winning vehicles.
"We are very pleased to receive these three awards from Vincentric," says Brad Painter, national marketing manager for Volvo Cars of Canada, "These accolades reinforce the fact that in addition to offering luxury and versatility, Volvo's XC range offers tremendous value."
Awarded for offering a cost efficient fleet line-up, each model in Volvo's XC range was honoured:
• Volvo XC60 3.2 FWD: Crossover, Compact, Premium
• Volvo XC70 3.2 AWD: Wagon, Premium
• Volvo XC90 3.2 AWD: Crossover, Mid-Size, Premium
"With the continued globalization of the automotive industry, we felt it was essential to analyze total cost of ownership of fleet vehicles in Canada", stated David Wurster, President of Vincentric. "We are excited to help Canadian fleet organizations better understand and evaluate Canada specific lifecycle costs to help make informed vehicle selections," he added.