Nissan Micra: New Vincentric study shows lowest cost of ownership

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In the past year, the Nissan Micra has been awarded numerous accolades including: Auto123.com’s subcompact of the year, Meilleure Citadine from le Guide de l’auto, AutoGo’s Best Car for Students, and named Clef D’Or by Annuel de l’Automobile and most recently, the inaugural 2015 ALG Residual Value Award in the City Car segment.
Nissan announce the Micra’s value has again been validated, this time by a Vincentric study measuring lifecycle costs. The study found the Micra has the lowest cost of ownership in its class, while also addressing all requested competitor models.

Costs measured were depreciation, fuel costs, insurance, maintenance, repairs, financing, fees and taxes and even opportunity cost, which is the loss of potential interest income as a result of owning and operating a vehicle.
The study assumed that owners will drive 16,000, 20,000, or 24,000 kilometers per year in Canada for two, three, four, or five years, for total of 12 different calculations for each model.

The average lifecycle costs for each model were then compared to determine which had the lowest lifecycle costs in each of the 12 scenarios. The results showed that the 2015 Nissan Micra performed the best in the two, three, and four year scenarios for 16,000 and 20,000 annual KM. The Micra also had the second and third best results in the five year scenarios.