Toyota and Lexus dominated the list of vehicles which received the "Best Retained Value Awards" from Canadian Black Book.
"Depreciation is the largest expense associated with vehicle ownership," said Kathy Ward, CBB CEO.
"Retained value is a strong indicator for how a vehicle may perform in the future," Ward said. "For consumers, selecting a vehicle with a high retained value (lower depreciation rate) will reduce their overall cost of ownership."
Toyota/Lexus vehicles made it into 13 of 17 vehicle segments compiled by CBB, noted Dennis Des Rosiers. "Indeed, Toyota/ Lexus was in 1st place in 6 of the 13 categories in which they sell vehicles."
Meanwhile, "the Detroit 3 have a ways to go," said DesRosiers. Only 1 Detroit 3 car rank in the top 3 car segments -the Buick Lucerne ranked 3rd in the full car segment, behind 1st place Toyota Avalon and Nissan Maxima in 2nd. Meanwhile, Toyota/Lexus took 1st place honours in segments such as small pickup (Toyota Tacoma), premium luxury car (Lexus LS series), full-sized pickup (Toyota Tundra), mid-size SUV (Toyota FJ Cruiser) and fullsized SUV (Toyota Sequoia).
Ford had 5 trucks -Ford Explorer Sport Trac, Ford F Series, Ford Ranger, Ford Expedition and Lincoln Mark LT -in top-3 rankings. As well as the Lucerne, General Motors had 3 trucks -Chevrolet Suburban, Chevrolet Express and GMC Savana -in top 3 rankings. Chrysler had 2 vehicles -Jeep Wrangler and Dodge Sprinter.
For more information go to CanadianBlackBook.com.
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