Canadian Black Book Announces 2020 Best Retained Value Awards
The 13th annual Canadian Black Book Best Retained Value Awards were announced recently.
For 2020, the evaluation focused on 2016MY vehicles. The industry average was an astounding 57 percent of original MSRP—the best ever mark since the awards began in 2009.
“Overall we are seeing a very positive trend in vehicle depreciation over the past few years. That is simply to say, in general, vehicles today are better at holding value than they were in years past,” says Brian Murphy, VP Research & Analytics at Canadian Black Book.
Unsurprisingly, Toyota dominates all brands when it comes to passenger cars and utility vehicles. Porsche is the leader among luxury brands.
But what about specific vehicle categories? Here are the 2016 models with the best retained value after four years according to Canadian Black Book…