As new vehicle prices reach logic-defying highs, choosing the right model is more important than ever. With that in mind, residual value should be among your top deciding factors.
At the beginning of the year, we covered ALG’s 2023 Canadian Residual Value Awards recognizing the vehicles that are projected to hold the highest percentage of their original MSRP after a four-year period, but what about those that were purchased before the pandemic?
According to U.S. research firm iSeeCars, which has analyzed more than 1.1 million vehicle transactions from November 2022 to October 2023, the average five-year depreciation rate is now at 38.8 percent, down from nearly 50 percent in 2019.
Check out this top 10 list of the slowest and fastest depreciating vehicles over the past five years. While there may be some differences in Canada, you should still get a pretty good idea.