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
|Compact Car||Toyota Prius v||Subaru Impreza
|Mid-size Car||Toyota Camry||Honda Accord
|Full-size Car||Dodge Charger||Toyota Avalon
|Entry Luxury Car||Volvo XC70||Lexus IS Series
|Luxury Car||Audi A7||Audi A5
|Premium Luxury Car||Porsche Panamera||Lexus LS Series
|Premium Sports Car||Porsche Cayman||Porsche Boxster
|Sports Car||Dodge Challenger||Audi TT
|Small Pick-up||Toyota Tacoma||Honda Ridgeline
|Full-size Pick-up||Toyota Tundra||Ford F Series
GMC Sierra HD
|Minivan||Honda Odyssey||Toyota Sienna
|Full-size Van||Nissan NV Van||Mercedes-Benz Sprinter
|Compact Commercial Van||Ford Transit Connect||Dodge Ram Cargo Van|
|Compact SUV||Jeep Wrangler||Honda CR-V
|Mid-size SUV||Toyota FJ Cruiser||Toyota 4Runner
|Full-size SUV||Toyota Sequoia||Dodge Durango
|Compact Luxury SUV||Audi Q5||Lan Rover Range Rover Evoque
|Mid-size Luxury SUV||Porsche Cayenne||Lexus RX Series
Lexus GX Series
|Full-size Luxury SUV||Audi Q7||Land Rover Range Rover
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?
- Read: Top 10 Trucks In Canada
- Read: Top 10 Cars In Canada
- Read: Best-Selling Minivans in Canada
- Read: Canada's Best SUVs: Top 10 Selling SUVs in Canada
- Read: Top 10 Selling Sports Cars in Canada
View the full list of CanadaBlackBook.com's Best Retained Value Award winners, as well as past winners.