Canadian Black Book announced its 2022 Best Retained Value Awards during their 11th annual TalkAUTO Canada conference. This year’s Awards saw by far the highest average retained value across all vehicles in Canada, at an average retained value of 80 per cent of MSRP on 2019 model year vehicles.
The previous record was broken just last year when 2018 model year vehicles held 64% of MSRP after four years. 2022 has surpassed that mark by almost 20 per cent. For the first time since the Retained Value Awards began 15 years ago, some categories of vehicles increased in value compared to their original MSRP.
“Retained values in 2022 will not soon be forgotten. The fact that used vehicles are worth more than they were when purchased four years ago is unprecedented,” said Yolanda Biswah, senior vice-president, and general manager of Canadian Black Book.
Last year, Canadian Black Book introduced 2 ZEV categories to reflect the emerging trends in the industry. With the number of ZEV models increasing each year, the competition is heating up. The Audi e-tron took home the award for ZEV luxury and the Nissan Leaf won for ZEV Main.
Other Notable Winners for 2022:
- In Small Pickup, The Toyota Tacoma has extended its streak of consecutive wins to 14 years in a row, the longest streak in history.
- In SUV: Luxury Sub-Compact/Compact, the Porsche Macan has won five consecutive years.
- In SUV: Main Sub Compact, the Subaru Crosstrek has won back-to-back.
- As it did last year, Mercedes Benz once again swept the ‘Car: Luxury’ category, placing first, second, and third.
- In terms of the Overall Brand winner, Porsche repeated in the Luxury category.
- Toyota wins five Awards; Mercedes Benz wins three; GM wins two; Porsche wins two; Audi wins two; Ford wins two; Volkswagen, Subaru, Hyundai and Nissan each win one award.