Tuesday, November 06, 2012
Chevrolet Silverado Has Lowest Total Cost of Ownership
DETROIT – The Chevrolet Silverado has the lowest total cost of ownership of any full-size pickup in the U.S. retail market, according to the automotive data compilation and analysis firm Vincentric,
“We know from talking to our truck customers that they expect their vehicles to work hard for them for several years, and the less money they have to spend on routine maintenance, repairs and other operating costs, the more they can invest in their businesses and lives,” said Don Johnson, vice president of Chevrolet Sales and Service. “There are nearly 10 million Silverado full-size pickups on the road today – a true testament to their reliability and operating efficiency,”
The Vincentric recognition shows that Silverado full-size pickups have the segment’s lowest combined ownership costs, which include items such as cost of depreciation, insurance, financing, repairs, fuel, fees and maintenance.
“For several years running, the Silverado has performed well in our analysis,” said David Wurster, president of Vincentric. “With low depreciation, maintenance and fuel costs, it's no wonder why the Silverado leads the segment with the lowest cost of ownership.”
Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive ownership costs. Vincentric data is used by organizations such as Yahoo! Autos, AOL, Cars.com, Chevrolet, Toyota, BMW, Mercedes-Benz, Kiplinger.com, Business Fleet Magazine, Volvo, 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.
Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design and high quality. More information on Chevrolet models can be found at www.chevrolet.com.