TORONTO, Ontario – June 9, 2022 – Toyota Canada Inc. (TCI) was honoured today with ten 2022 Vincentric Best Value in Canada Awards™, as well as nine 2022 Vincentric Lowest Cost to Own in Canada Awards™, making it the eight consecutive year - and eleventh year overall – that Toyota and Lexus vehicles have received the most Vincentric Best Value in Canada awards.

Vehicles recognized with Vincentric Best Value in Canada Awards™ are compared against competitors in the same segments and are awarded for having lower than expected ownership costs. Value is determined using a statistical analysis that incorporates the current market price and total cost of ownership of all 2022 model year vehicles.

For the fifth time, Toyota was honoured with the “Best Value in Canada: SUV & Van” category award, as well as four “Best Value in Canada” model level awards in the “Compact”, “Mid-Size SUV”, “Minivan” and “Full-Size ½-Ton Pickup” segments.

Similarly, for the fifth time, Lexus is recognized with the “Best Value in Canada: Luxury SUV” category award, as well as four “Best Value in Canada” model level awards in the “Luxury Mid-Size Sedan”, “Luxury Large Sedan”, “Luxury Compact SUV” and “Luxury Mid-Size SUV” segments.

Confirming the strength of TCI’s efforts on the electrified vehicle front, all Best Value in Canada recipients, as well as many Lowest Cost to Own in Canada recipients, are either dedicated hybrid models or available with a hybrid powertrain.

“We’re proud that our Toyota and Lexus vehicles have received the most Vincentric Best Value in Canada Awards™ for eight consecutive years,” said Cyril Dimitris, Vice President, Sales and Marketing at Toyota Canada Inc. “These awards illustrate our commitment to offering Canadian consumers an excellent value vehicle in every segment, year after year.”

A complete list of Toyota and Lexus “Best Value in Canada” model level awards is shown below.

For Toyota:

  • 2022 Toyota Corolla Hybrid – Best Value in Canada: Compact segment
  • 2022 Toyota Highlander Hybrid – Best Value in Canada: Mid-Size SUV segment
  • 2022 Toyota Sienna – Best Value in Canada: Minivan segment
  • 2022 Toyota Tundra – Best Value in Canada: Full-Size 1/2-Ton Pickup segment


For Lexus:

  • 2022 Lexus ES Hybrid – Best Value in Canada: Luxury Mid-Size Sedan segment
  • 2022 Lexus LS Hybrid – Best Value in Canada: Luxury Large Sedan segment
  • 2022 Lexus NX Hybrid – Best Value in Canada: Luxury Compact SUV segment
  • 2022 Lexus RX Hybrid – Best Value in Canada: Luxury Mid-Size SUV segment


As part of the awards process, Vincentric also identified the following seven Toyota models and two Lexus models as having the lowest total cost of ownership in their respective class:

  • 2022 Toyota Corolla Hybrid – Lowest Cost to Own in Canada: Compact segment
  • 2022 Toyota Corolla – Lowest Cost to Own in Canada: Compact Hatchback segment
  • 2022 Toyota Prius – Lowest Cost to Own in Canada: Mid-Size segment
  • 2022 Toyota GR Supra – Lowest Cost to Own in Canada: Luxury Sports Car segment
  • 2022 Toyota Highlander Hybrid – Lowest Cost to Own in Canada: Mid-Size SUV segment
  • 2022 Toyota Sienna – Lowest Cost to Own in Canada: Minivan segment
  • 2022 Toyota Tundra – Lowest Cost to Own in Canada: Full-Size 1/2-Ton Pickup segment
  • 2022 Lexus ES Hybrid – Lowest Cost to Own in Canada: Luxury Mid-Size Sedan segment
  • 2022 Lexus UX Hybrid – Lowest Cost to Own in Canada: Luxury Compact SUV segment


About Toyota Canada Inc.

Toyota Canada Inc. (TCI) is the exclusive Canadian distributor of Toyota and Lexus vehicles. Toyota has sold over six million vehicles in Canada through a national network of 287 Toyota and Lexus dealerships. Toyota is dedicated to bringing safety, quality, dependability and reliability to the vehicles Canadians drive and the service they receive. TCI’s head office is in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax, and parts distribution centres in Clarington and Vancouver. Toyota also operates two manufacturing facilities in Canada. Having produced more than nine million vehicles, popular Canadian models built at these facilities include Toyota RAV4, Toyota RAV4 Hybrid, Lexus RX 350 and RX 450h hybrid, as well as Lexus NX 250, NX 350 and NX 350h hybrid. The company has sold more than 19 million electrified vehicles worldwide and is the number one seller of electrified vehicles in Canada.

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