Which Kia vehicles received Vincentric 2023 Best Fleet Value in America awards?

When it comes to value in the automotive industry, one of the most reputable sources for data and insight is Vincentric. Each year, the organization releases all kinds of awards and lists to recognize the best vehicles in all different kinds of categories and aspects. Recently, the company released its 2023 Best Fleet Value in America awards, and we’re stoked to say that two Kia vehicles managed to bring home awards in their respective segments.

What are the Best Fleet Value Awards?

In case you’re wondering what exactly “fleet” means, it’s an industry term used to describe what are essentially commercial vehicles. If you work for a company that needs vehicles for its operations, then the company likely has a “fleet” of vehicles. The 2023 Best Fleet Value in America awards help people looking to purchase vehicles for their company determine which models offer the most value for their fleet.

Which Kia models were recognized?

As we mentioned, two different Kia vehicles earned awards in their categories, but they both share the same name. The vehicles in question were the Kia Rio and Kia Rio 5-Door. For the Subcompact Segment, the 2023 Kia Rio LX was recognized as the very best in the category. Likewise, the 2023 Kia Rio 5-Door S earned its award for the Subcompact Hatchback segment – for the second year in a row!

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How were the awards determined?

In order to determine which vehicles really offer the best fleet value in the country, Vincentric analyzed the cost of ownership for more than 2,000 vehicle configurations. Yes, individual configurations. You’ll notice that specific trim levels were named for both Rio model winners. Vincentric pulled out all the stops, making sure that fleet purchasers know exactly which models will offer them the best value.

From the analysis, the company utilized eight different cost factors to determine each vehicle’s overall value. Those factors include depreciation, taxes & fees, financing, fuel, insurance, maintenance, opportunity cost and repairs – a lot more goes into cost of ownership than just the monthly payment or sticker price. They created a total of 28 different scenarios for the lifecycle of a vehicle and evaluated each vehicle and scenario in all 50 states to determine which vehicles truly have the best value.

If you’re interested in getting a Kia Rio of your own – or a whole fleet – be sure to get in touch with us right here at Cowboy Kia!