In the first part of this work [1] a field operational test (FOT) on micro-HEVs (hybrid electric vehicles) and conventional vehicles was introduced. Valve-regulated lead-acid (VRLA) batteries in absorbent glass mat (AGM) technology and flooded batteries were applied. The FOT data were analyzed by kernel density estimation. In this publication multiple regression analysis is applied to the same data. Square regression models without interdependencies are used. Hereby, capacity loss serves as dependent parameter and several battery-related and vehicle-related parameters as independent variables. Battery temperature is found to be the most critical parameter. It is proven that flooded batteries operated in the conventional power system (CPS) degrade faster than VRLA–AGM batteries in the micro-hybrid power system (MHPS). A smaller number of FOT batteries were applied in a vehicle-assigned test design where the test battery is repeatedly mounted in a unique test vehicle. Thus, vehicle category and specific driving profiles can be taken into account in multiple regression. Both parameters have only secondary influence on battery degradation, instead, extended vehicle rest time linked to low mileage performance is more serious. A tear-down analysis was accomplished for selected VRLA–AGM batteries operated in the MHPS. Clear indications are found that pSoC-operation with periodically fully charging the battery (refresh charging) does not result in sulphation of the negative electrode. Instead, the batteries show corrosion of the positive grids and weak adhesion of the positive active mass.