CanadianBlackBook.com encourages Canadian car buyers to 'Appreciate Deprecation' for better buying decisions.

Thinking about buying a new car? If so, then chances are you've heard that as soon as you drive off the dealer's lot, your brand new vehicle depreciates somewhere around 20 per cent. But vehicles depreciate at different rates, and each year, CanadianBlackBook.com announces the "Best Retained Value" Award winners. These are vehicles that hold the highest percentage value of their original MSRP.

According to CanadianBlackBook.com, depreciation is the single largest expense of owning a vehicle and understanding a vehicle's retained value is helpful for anyone who is looking to buy a new set of wheels.

"By publishing which vehicles hold their value best, these awards show Canadians what models can help save them money when it is time to trade up," says Josh Bailey, Vice President, Research & Editorial, Canadian Black Book.

2016 Winners: Cars That Retain Their Value Best

Type of Vehicle Winner Honourable Mentions
Sub-compact Car Honda Fit Toyota Prius c
Kia Soul
Compact Car Toyota Prius v Subaru Impreza
Mitsubishi Lancer
Mid-size Car Toyota Camry Honda Accord
Subaru Outback
Full-size Car Dodge Charger Toyota Avalon
Chrysler 300
Entry Luxury Car Volvo XC70 Lexus IS Series
Lexus CT200h
Luxury Car Audi A7 Audi A5
Audi A6
Premium Luxury Car Porsche Panamera Lexus LS Series
Mercedes-Benz CLS-Class
Premium Sports Car Porsche Cayman Porsche Boxster
Audi R8
Sports Car Dodge Challenger Audi TT
Ford Mustang
Small Pick-up Toyota Tacoma Honda Ridgeline
Nissan Frontier
Full-size Pick-up Toyota Tundra Ford F Series
GMC Sierra HD
Minivan Honda Odyssey Toyota Sienna
Nissan Quest
Full-size Van Nissan NV Van Mercedes-Benz Sprinter
GMC Savana
Compact Commercial Van Ford Transit Connect Dodge Ram Cargo Van
Compact SUV Jeep Wrangler Honda CR-V
Jeep Compass
Mid-size SUV Toyota FJ Cruiser Toyota 4Runner
Toyota Highlander
Full-size SUV Toyota Sequoia Dodge Durango
Ford Expedition
Compact Luxury SUV Audi Q5 Lan Rover Range Rover Evoque
Volvo XC60
Mid-size Luxury SUV Porsche Cayenne Lexus RX Series
Lexus GX Series
Full-size Luxury SUV Audi Q7 Land Rover Range Rover
Mercedes-Benz GL-Class

New Car Insurance

When buying a new car, 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, you'll need car insurance and you'll want to factor this cost into your buying decision as well. Buy your new car with confidence and compare auto insurance rates online at Kanetix.ca to see which cars will help you spend less on auto insurance.

At Kanetix.ca, we shop the market to help you get the lowest rate, and Kanetix customers save an average of $750 because of it.

Looking to buy a new or used car?

View the full list of CanadaBlackBook.com's Best Retained Value Award winners, as well as past winners.

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