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Toyota, Volvo, GMC Named Best Value Based On Ownership Cost

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2011 Toyota Avalon

2011 Toyota Avalon

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2011 Chevrolet Cruze (Courtesy: GM)

2011 Chevrolet Cruze (Courtesy: GM)

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The Toyota brand has won Vincentric's "Best Passenger Car Value in America for 2011" award, and Volvo is rated at the top among luxury brands.

This is the seventh year that Vincentric, which supplies cost-of-ownership data to a number of companies—including Toyota—has picked out top values that have the lowest projected ownership costs.

Vincentric measures the cost of ownership by looking at eight different aspects: depreciation, insurance, repairs, maintenance, fuel, finance, opportunity cost (the cost of having your money in a vehicle instead of an appreciating investment), and fees and taxes. The company makes these calculations for vehicles, typically on a five-year basis, for annual mileages of 10,000, 15,000, or 20,000 miles.

According to Vincentric, Toyota continues to have lower-than-expected ownership costs in all eight of the firm's cost categories—and the brand maintains its especially low depreciation rate. Lexus was a close second-place in the luxury segment to Volvo, but low fuel and insurance costs boosted Volvo to the top spot. Among trucks, GMC ranked at the top; it has the lowest depreciation rate of any full-line truck brand, according to Vincentric.

Audi did particularly well, with three award winners in premium segments, as did Chevrolet, with the 2011 Cruze winning its Compact Sedan segment, and the 2011 Chevrolet Volt on top in the firm's new Eco segment.

Click through to the next page to see the complete list of winners.


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Comments (8)
  1. I don't understand how it can be. Volvo and Audi are at the bottom of all reliability lists but the costs of ownership are low? If the just look at the new cars then the survey sucks.
     
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  2. Bogus! "five-year" my @ss. XC60 was new last year and it already won. Nissan Cube? MKZ? X6? Venza? Half of these cars have just left the dealerships. C'mon - this study is a total and paid-for crap.
     
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  3. Hey JKD, my Volvos have been reliable and reasonable to maintain. And unlike the Japanese cars (you pick among the brands - from the bland and boring to the even more bland and boring) Volvo's style and material workmanship hold up over five years a heck of a lot better. Hondas feel like an old appliance gone bad after 100k, but Volvos are just getting warmed up. You will also note that many Volvos do well in Consumer Reports and some models are recommended by the publication, which is an impressive benchmark.
     
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  4. Chevy Volt????!!!!! Is this list paid for by the Government? Just the up front cost makes it a non-starter. In 5 years, who knows with GM's poor reliability. Could be a bigger white elephant than the EV-1
     
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  5. Chevy Volt????!!!!! Is this list paid for by the Government? Just the up front cost makes it a non-starter. In 5 years, who knows with GM's poor reliability. Could be a bigger white elephant than the EV-1
     
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  6. I'll bet Toyota had to stuff a lot of plain brown envelopes with cash for this "accolade".
     
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  7. To dagr382:
    And I think you are one of the owners of "out of job yet?" stickers, that drive a GM made in Korea, instead a Toyota made in the US or Canada. Like it or not Toyota vehicles are relable and easy to mantain.
     
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  8. 25 years with Toyota. I can tell you first hand there was no cash involved. Toyota truely is #1
     
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