The 2016 Dodge Grand Caravan earned the Automotive Science Group’s (ASG) 2016 BEST ECONOMIC PERFORMANCE Award in the Minivan class. The Grand Caravan is distinguished as an ASG best in class economic performance selection for model year 2016, holding claim to the lowest cost of ownership in a competitive class of 38 Minivans. ASG’s economic performance model shows the abridged life-cycle carrying and operating costs of vehicle ownership to assess the economic benefits of owning and operating conventional and alternatively powered vehicles.
ASG’s 2016 Automotive Performance Index (API) applies statistical methods to demonstrate each vehicle rating in relative comparison. The vehicle that performs highest in any performance area, in a given class, obtains a rating score of 100 in that specific performance area (Economic, Social, Environmental and All-Around Performance). Each vehicle is then compared relative to the top-performing vehicle in its class, with a rating score reflecting the statistical difference in performance outcomes. For example, a rating of 95 translates to a 5% performance deficit as compared to the top-performing vehicle in class.