CanadianBlackBook.com encourages Canadian car buyers to appreciate depreciation when buying a new vehicle.
Everyone has heard that the minute you drive off the dealer's lot with your brand new vehicle, it's worth a lot less than what you just paid for it. By the end of the first year, your vehicle will likely have depreciated in value somewhere in the neighbourhood of 20 to 30 per cent. Ouch.
Depreciation is likely the single largest expense of owning a vehicle, more than gas, maintenance or auto insurance. However, some vehicles depreciate slower than others, and each year CanadianBlackBook.com announces their picks for the vehicles with the "Best Retained Value." These are vehicles that they've identified as holding the highest percentage value of their original MSRP, over a four-year period.
2018 Winners: Cars That Retain Their Value Best
|Sub-compact Car||Toyota Prius c||Toyota Yaris
|Compact Car||Toyota Prius v||Toyota Matrix
Honda Civic (Canada's best-selling car)
|Mid-size Car||Toyota Camry||Subaru Outback
|Full-size Car||Toyota Avalon||Dodge Charger
|Entry Luxury Car||Mercedes-Benz CLA-Class||Volvo XC70
Lexus ES 350
|Luxury Car||Lexus GS||Audi A7
|Premium Luxury Car||Porsche Panamera||Mercedes-Benz S-Class
|Sports Car||Dodge Challenger||BMW 2 Series
|Premium Sports Car||Chevrolet Corvette||Porsche Boxster
|Small Pick-up||Toyota Tacoma||Honda Ridgeline
|Full-size Pick-up||Toyota Tundra||GMC Sierra 1500
GMC Sierra HD
|Minivan||Toyota Sienna||Honda Odyssey
|Full-size Van||RAM ProMaster||Mercedes-Benz Sprinter
Nissan NV Van
|Compact Commercial Van||Ram Cargo Van||Ford Transit Connect|
|Compact SUV||Jeep Wrangler||Nissan Xterra
|Mid-size SUV||Toyota FJ Cruiser||Toyota 4Runner
|Full-size SUV||Chevrolet Tahoe||Toyota Sequoia
Chevrolet Suburban 1500
|Compact Luxury SUV||Mercedes-Benz GLK-Class||Audi Q5
Range Rover Evoque
|Mid-size Luxury SUV||Porsche Cayenne||Lexus GX 460
Lexus RX 350
|Full-size Luxury SUV||Mercedes-Benz G-Class||Land Rover Range Rover Sport
Land Rover Range Rover
From an overall brand standpoint, this year's award winners include Toyota if you're in the market to buy a car, truck, crossover or SUV; and Porsche if a luxury model is more your style.
New Car Insurance
Knowing which vehicles hold their value is certainly one component of making a better buying decision, but so too is knowing how much that vehicle will cost you to insure.
Year after year, for the lifetime that you own the car, truck, or SUV, you'll need auto insurance and you'll want to factor this cost into your buying decision as well. Compare auto insurance rates to see which vehicles will help you spend less on auto insurance. At Kanetix.ca, we shop the market to help you get the lowest rate, and no one covers as much of the market as we do.
This article is updated annually with the latest winners. View the full list of CanadianBlackBook.com's Best Retained Value Award winners, as well as past winners.