Infographic: Canadian Depreciation Depression

Canadian depreciation

depression

Newcarslosevalue,butthereareoponsThevastmajorityofCanadiansareawareofvehicledepreciaonasarealitythatmustbeconsideredwhenpurchasinganewcar.Sadly,consumersreportthataeronlyonedayontheroad,anewcarhasalreadydepreciatedby15%ofitsinialvalue.Notahappythought.

Butwhatcanwedotohelpreducevehicledepreciaon?Oneoponistoconsiderbuyingausedcarinstead.Accordingtooursurvey,whenlookingatexpenseslikeongoingmaintenance,insuranceandvehiclepayments,youcouldsaveabout$114permonthifyyouboughtusedascomparedtobuyingnew.Now,that’ssomethingtosmileat!

Annoyed

Sad

Upset

Mad

Depressed

The reality of it all 3 out of 4 car owners

NearlyhalfofCanadiancarownershaveexperiencedsomefromofdepreciaon.

Reportedthattheythinkaboutthedepreciangvalueoftheircar.

Canadiansreportthattherateatwhichvehicledepreciatemakesthem..

55%

30%18%

16%8%6%

45%

*Depreciaonmeasuredbetween2010and2011

0%

-5%

-10%

-15%

-20%

Carswithlowratesofannualdepreciaon*(Lowerisbeer)

Domestic Asian Imports European Imports

ChevroletCavalier

FordTaurus

ChryslerIntrepid

HondaAccord

Toyotacorny

NissanAlma

BMWSeries

BMWSeries

AudiA4

MercedesC-Class

*Depreciaonmeasuredbetween2010and2011

0%

-1%

-2%

-3%

-4%

-5%

-6%

-7%

-8%

-9%

2007BMWX3

2010CadillacEscalade

2002VWGolf

2007JeepWrangler

2006FordMustang

2008HondaPilot

2000BuickCe

2000BuickCentury

2007AcuraCSK

2002Ford150

2010Ford150