Canadian Black Book: Best Retained Value Awards 2015
Canadian Black Book releases an annual Best Retained Value Award winner list as a part of a campaign to take depreciation into consideration when making new car buying decisions. This list helps consumers know which vehicles depreciate the least over time, and Toyota took home the most awards.
Depreciation is the largest cost of ownership, and past performance isn’t a guarantee of future value, it is a good way of looking at historic data to see what makes and models retain value best. By thinking about depreciation up front, buyers will have fewer surprises five or six years down the road when they go to sell or trade it in. This is particularly important for those financing their vehicles, as many longer term car loans put buyers in a position of having negative equity in their vehicles shortly after paying the initial loan off.
With six Best Retained Value Awards, with the Toyota Tacoma and Tundra took top prize for the sixth year in a row the Toyota Prius won in the Compact Class, and the Toyota Avalon took the win in the Full-Size Car Class. Rounding out the list is the Toyota 4Runner and the Toyota Sequoia, in Mid-Size and Full-Size SUV Classes respectively.
Read the full list of award winners here: canadianblackbook.com