Mazda, Toyota and Ford won mainstream brand honours at the fifth annual Vincentric Best Value in Canada awards, which took place recently in Bingham Farms, Mich.
Top luxury brand honours went to Volvo and BMW. Honda also received awards for four vehicles.
At the manufacturer level, Toyota Motor Corp. led the way with eight winning vehicles.
“When manufacturers measure and manage a vehicle’s total cost of ownership, they are able to consistently deliver high value to customers,” said David Wurster, President of Vincentric, in a written release.
In the full-size pick-up category, Ford F-series pickups snagged all three awards, while Mazda was acknowledged for its compact and subcompact features.
Vincentric said winners are determined through a statistical model and ownership cost and factors, concluding to whichever vehicles had lower than expected ownership costs given their market segment and price.
The cost of ownership was measured through fees and taxes, depreciation, fuel, financing, maintenance, repairs and opportunity cost.
Each vehicle was reviewed in 10 provinces, including the Northwest Territories, using a range of annual kilometre intervals as insurance profiles.