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They're singing my song in this article. Models may be different here from Canada but it's pretty much the same story on depreciation, imo.

Looking for a vehicle that retains its value? Buy Japanese, Black Book says

Toyota, Honda lead latest survey, average performers lose two-thirds of value in 5 years

By Aaron Saltzman, CBC News Posted: Feb 14, 2017 4:00 PM ET Last Updated: Feb 14, 2017 4:00 PM ET


Japanese manufacturers again dominate the list of vehicles that retain their value best, according to Canadian Black Book, the online resource for vehicle values.

"Toyota and Honda are two brands that do very well," says Brian Murphy, Canadian Black Book's vice-president of editorial and research. "The other countries, less so."

The used car market in Canada is huge. According to Desrosiers Automotive Consultants, 2.8 million used vehicles were sold in Canada last year, with a total value of $38.9 billion.

The awards measure the value of four-year-old vehicles based on actual sales figures, so this year's awards are tracking 2013 models.

There are 20 vehicle categories and for the first time this year, three "overall brand" winners, for best car, best truck/SUV, and best luxury vehicle.

Subaru won the best overall brand in the car category, Toyota won the truck/SUV segment, while Porsche won best luxury vehicle.

Toyota vehicles finished in first place in more categories than any other manufacturer's, winning the awards for best mid-size and full-size car, best small and full-size pickup, best mid- and full-size SUV, and best minivan, where the Toyota Sienna tied with the Honda Odyssey.

In the mid-size SUV category, Toyota's FJ Cruiser set a record for retained value, holding 83 per cent of its original MSRP (manufacturer's suggested retail price), the highest percentage of any winning vehicle ever.

Murphy called that performance "really unprecedented. Most vehicles after four years are only worth about 50 per cent of what the person paid for them."

Most people understand that a vehicle is a depreciating asset, but many may not understand how quickly its value drops. The average new vehicle in Canada loses 34 per cent of its value after just one year. After five years, the average vehicle loses 67 per cent.

'The single largest expense'

"Depreciation is the single largest expense of owning a vehicle, more than gas, maintenance, or insurance." says Murphy.

Knowing which vehicles have better retained value can save you thousands of dollars, he says.

After four years, the better vehicles hold about 50 per cent of their value, while others might retain only about 30 per cent. On a $35,000 car, that's a difference of about $7,000.  

So what types of vehicles are best at holding their value?

Vehicles made by brands with reputations for reliability do well, obviously. But vehicles that have timeless or classic designs also hold their value longer, as well as vehicles in shorter supply, a factor that helped Toyota's FJ Cruiser to its record value. Toyota stopped manufacturing it in 2014. 

Conversely, vehicles made by manufacturers that do a lot of car rental and fleet business don't do as well, such as certain models made by the Big Three of General Motors, Ford and Fiat Chrysler. 

Of many factors, "the most important is the overall brand, and are the manufacturers good custodians of that brand? … I mean things like you don't have really, really aggressive incentives because those tend to erode away the value," says Murphy. 

George Iny, director of the Automobile Protection Association, says, "Fiat Chrysler products have the lowest retained value overall, especially the cars. The money that you saved buying a Chrysler product will likely be more than lost upon resale.

"And then there are the Black Book choices that make you wonder, 'what were they thinking?' Last year that would've included vehicles like Volvo and the Audi A7 luxury models. Those vehicles actually are very difficult for consumers to sell for good money," he says.

Buy what others want

The best advice for consumers who want a vehicle that will retain its value?

"As a general rule, basic versions of vehicles with options people want like an automatic transmission, air conditioning, alloy wheels, and maybe a sunroof or leather seating retain their value best," says Iny.

"A manual transmission, no air conditioning or loading up a vehicle with expensive dealer-installed extras are sure ways to lower the retained value of your purchase."


Edited by Admin_01
edited title to make it a bit more general
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The Best Selling Cars in Panama

The union of vehicle dealers reported that the brands Toyota, Hyundai and Kia led sales in the country, with 35,000 units sold in 2016.

Friday, March 31, 2017

Figures from the Association of Automobile Dealers in Panama (ADAP) indicate that these three brands are the most commonly traded in the country.  Capital.com.pa indicates that the Toyota brand   "... leads the list with 42,249 vehicles sold in the last three years. In 2014 14,223 cars were sold and although in 2015 there was a drop in sales (13,642) they rebounded in 2016 and 14,384 cars were sold."

See: "Age of the Vehicle Fleet in Central America"

"... In second place is Hyundai, Korean-made vehicles, whose sales have varied. In 2014, 10,640 cars were sold and in 2015 there was a rebound in sales, reaching 11,621 and in 2016 the total sales reached 11,511 vehicles, a figure which represents a decrease of 1% compared to the previous year.

See also: "Figures on Vehicle Fleet in Panama"

"... Meanwhile, the Korean brand KIA ranks third in the ADAP´s list with a figure of 30,871 cars sold in the last three years and their numbers have been increasing. In 2014, 9,636 vehicles of this brand were sold, and in 2015 this total reached 10,575 vehicles rising to a total of 10,660 in 2016."


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Car Brands: Figures at the Beginning of 2019

In the first quarter of the year, 37% of the car-type units circulating in the region corresponded to the brands Honda, Mazda, Mitsubishi, Chevrolet, Ford, Suzuki, KIA and BMW.

Monday, June 17, 2019

An analysis of CentralAmericaData's Trade Intelligence unit provides details on the characteristics of the different vehicles traveling through the streets of Central American countries.

By brand at regional level
According to records to the first quarter of 2019 of the Central American vehicle fleet, of the total number of motor vehicles circulating in the countries of the region, more than half corresponds to the Toyota, Hyundai, Nissan and Honda brands.

Main brands and models in Central America
The interactive report records that about 5% of cars circulating in Central America are Toyota Corolla, Nissan Sentra, Honda Civic, Hyundai Elantra and Mazda Protege units.

By brand and country
From the total number of cars circulating in Costa Rica in the first quarter of the year, 47% corresponded to the brands Hyundai, Nissan, Suzuki and Honda.

In the case of El Salvador, the predominant brands are Nissan, Hyundai, KIA, Honda and Mitsubishi, representing about 47% of the total units currently circulating.

In Guatemala, the Mazda, Honda, Mitsubishi, Nissan Hyundai and KIA brands are reported to account for nearly half of the fleet, representing 48% of the total number of car-type units.

Panama's vehicle fleet specifies that the five brands that dominate the market are Toyota, Nissan, Hyundai, KIA and Honda, concentrating about 68% of the vehicles that circulate in the country.

Please refer to the new interactive report "Automotive Market in Central America" by CentralAmericaData, which includes updated figures and details on the auto parts market, new tires, vehicles of different types, aggregate figures of the vehicle fleet, tender information and sector news. All the information at regional level and by country.



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