BINGHAM FARMS, MI – Vincentric, a compiler of automotive cost-of-ownership data, announced its 2012 Hybrid Analysis, in which 11 of 25 hybrid vehicles were identified as having a lower total cost-of-ownership than their all-gasoline counterparts.
The Lincoln MKZ Hybrid had the largest (more than $7,000) advantage in comparison to its gasoline alternative. Other hybrids that are most cost-effective than gasoline models are:
2012 Lincoln MKZ Hybrid (-$7,001)
2012 Mercedes-Benz S Class Hybrid (-$4,242)
2012 Lexus HS 250h (-$3,747)
2012 Toyota Prius V (-$1,804)
2012 Toyota Prius C (-$1,469)
2012 Ford Fusion Hybrid (-$1,202)
2012 Kia Optima Hybrid (-$779)
2012 Porsche Cayenne Hybrid (-$672)
2012 Honda Insight (-$656)
2012 Hyundai Sonata Hybrid (-$319)
2012 Lexus RX 450h (-$17)
When the costs to own and operate all 25 hybrid vehicles were taken into account, the average five-year cost-of-ownership for hybrids was $1,223 more than their all-gasoline powered counterparts, assuming an annual mileage of 15,000.
“With a large number of hybrid vehicles now on the market from numerous manufacturers, consumers have many options to reduce fuel consumption using hybrid technology,” stated David Wurster, president of Vincentric. "Our research shows that certain hybrids provide the benefits of hybrid technology, while also providing overall cost savings. However, it is important to remember that this isn’t the case for all hybrids, with low ownership costs and associated cost savings being specific to certain vehicles."
Vincentric measures eight cost elements for more than 2,000 vehicles configurations per model year, including depreciation, financing, fees and taxes, fuel, insurance, maintenance, opportunity cost, and repairs. Each month, Vincentric re-compiles its database to take into account current vehicle prices, resale values, fuel costs, finance rates, and other economic and market factors to ensure that users have access to up-to-date and accurate ownership costs.
Further information regarding the Hybrid Analysis and other industry reports from Vincentric are available at www.vincentric.com.
