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 Kia Soul |
| Compact Car | Toyota Prius v | Toyota Matrix Honda Civic (Canada's best-selling car) |
| Mid-size Car | Toyota Camry | Subaru Outback Honda Accord |
| Full-size Car | Toyota Avalon | Dodge Charger Chrysler 300 |
| Entry Luxury Car | Mercedes-Benz CLA-Class | Volvo XC70 Lexus ES 350 |
| Luxury Car | Lexus GS | Audi A7 Mercedes-Benz E-Class |
| Premium Luxury Car | Porsche Panamera | Mercedes-Benz S-Class Mercedes-Benz CLS-Class |
| Sports Car | Dodge Challenger | BMW 2 Series Mazda MX-5 |
| Premium Sports Car | Chevrolet Corvette | Porsche Boxster Porsche Cayman |
| Small Pick-up | Toyota Tacoma | Honda Ridgeline Nissan Frontier |
| Full-size Pick-up | Toyota Tundra | GMC Sierra 1500 GMC Sierra HD |
| Minivan | Toyota Sienna | Honda Odyssey Kia Sedona |
| 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 Toyota RAV4 |
| Mid-size SUV | Toyota FJ Cruiser | Toyota 4Runner Toyota Highlander |
| 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.
