Increases in financing costs and interest rates drove vehicle ownership expenses higher in the second quarter of 2023, with costs accelerating over the first quarter.
After a few months of moderation, fleet ownership costs are rising in the pickup and SUV segments.
Ford and Toyota led the way as Vincentric announced its 18th annual Best Fleet Value in America Awards.
Vincentric’s analysis of ownership data found that 14 of 27 EVs had lower total cost of ownership over five years than their gasoline counterparts.
In 2022, fleets were hit with a trifecta of rising transaction costs, lowered wholesale costs, and fluctuating fuel prices.
Vincentric enhances it's Cost of Ownership API offerings with electric vehicle data for model years 2020-2023 with about 350 BEV and PHEV configurations in the U.S. and Canada.
Toyota took home seven awards — the most of any automaker — in Vincentric's annual 2022 Best Fleet Value in Canada Awards.
An exclusive web tool, powered by Vincentric, allows fleet managers to compare vehicle cost of ownership, engine options, incentives, maintenance, and more.
The 17th annual Vincentric Best Fleet Value in America Awards have been announced! See which brands snagged the most awards, and gain insights into ownership costs of U.S. fleet vehicles.
Toyota and Chevrolet earning six awards each. Audi was close behind with four segment winners.
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