The statistical analysis was performed to the vehicle velocity during coastdown test. It was found that the velocity deviation is approximately linear to the mean value. Based on the coasting velocity, the road load and air drag coefficient were fitted by v-t method and v-F method. At the same time, the convexity of corresponding optimization problem and the uncertainty of road load and air drag coefficient were analyzed. It was shown that fitting problem of v-F method is convex and that of v-t method is non-convex. During the fitting process, we need to choose the algorithm of high generalization capability and specify the initial values and bounds of parameters to obtain the reasonable fitting parameters and road load. Besides, the uncertainty of air drag coefficient is lower for v-t method and its confidence interval is narrower. At last, based on the statistical law of coasting velocity, the Monte Carlo method was applied to simulate the standard coast down test. It was found that the distribution of road load and air drag coefficient is approximately normal. And influence of randomness is highlighted for v-F method. The air drag coefficient and road load fitted by v-t method is more stable.