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These cars are the best at retaining their value

By: Lisa Coxon on February 19, 2019

The second you drive a new vehicle off the dealership’s lot, it starts depreciating in value. This is critical to understand if you’re financing your vehicle, plan to one day trade it in for another, or get into an accident and need to restore your vehicle to its original condition.

According to U.S. auto comparison site Edmunds.com, new cars lose 23.5% of their value after a year, and about 60% of their value in the first five years. The percentage of depreciation starts to taper off after that.

This is why some auto insurance companies offer a waiver depreciation on new vehicles. This endorsement ensures that if you were to total your vehicle, you’d receive the manufacturer’s suggested retail price of the vehicle (or, in other words, what you bought it for) from your insurance company, and not the value it had depreciated to in the time since you’ve left the lot.

But not every vehicle holds value in the same way. Some depreciate faster than others.

For the twelfth year in a row, the Canadian Black Book (CBB) released its 2019 Best Retained Value Awards last week, with a list of the vehicles that are best at retaining their value.

“We hope the manufacturers are proud of these awards, but perhaps even more so, we want consumers to recognize these awards and use them as reference point to help direct them into smart buying decisions,” said Brian Murphy, vice president of research and analytics at Canadian Black Book in the release.

Three new categories (Sub-Compact Luxury Crossover, Sub-Compact Crossover, and Zero Emission) were added this year. The CBB’s complete list ranks vehicles from first to third place. We’ve included only the first-place winners in our condensed table below:

ModelMake
Sub-compact CarToyota Yaris
Compact CarToyota Prius v
Mid-size CarToyota Camry
Full-size CarToyota Avalon
Entry Luxury CarLexus CT200h
Luxury CarAudi A7
Premium Luxury CarPorsche Panamera
Premium Sports CarChevrolet Corvette
Sports CarFord Mustang
Small PickupToyota Tacoma
Full-size PickupToyota Tundra
MinivanToyota Sienna
Full-size VanMercedes-Benz Sprinter 2500
Compact Commercial VanChevrolet City Express
Compact Crossover/SUVJeep Wrangler
Mid-size Crossover/SUVToyota 4Runner
Full-size Crossover/SUVChevrolet Tahoe
Compact Luxury Crossover/SUVPorsche Macan
Mid-size Luxury Crossover/SUVLexus GX460
Full-size Luxury Crossover/SUVMercedes-Benz G-Class
NEW: Sub-Compact Luxury CrossoverMercedes-Benz GLA-Class
NEW: Sub-Compact CrossoverJeep Renegade
NEW: Zero EmissionBMW i3


For its Overall Brand awards, “which measure retained value across all models a brand offers” CBB named Toyota the winner in both the “Car” and “Truck/Crossover/SUV” class, and Porsche the winner in the Luxury category.

 

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