Infographic: Canadian Depreciation Depression
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This is an infographic about cars losing their value over time.
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Infographic: Canadian Depreciation Depression
- 1. Canadian depreciation depression Newcarslosevalue,butthereareopons ThevastmajorityofCanadiansareawareofvehicledepreciaonasarealitythatmustbe consideredwhenpurchasinganewcar.Sadly,consumersreportthataeronlyonedayon theroad,anewcarhasalreadydepreciatedby15%ofitsinialvalue.Notahappythought. Butwhatcanwedotohelpreducevehicledepreciaon?Oneoponistoconsiderbuying ausedcarinstead.Accordingtooursurvey,whenlookingatexpenseslikeongoing maintenance,insuranceandvehiclepayments,youcouldsaveabout$114permonthif yyouboughtusedascomparedtobuyingnew.Now,that’ssomethingtosmileat! Annoyed Sad Upset Mad Depressed Therealityofitall 3outof4carowners Nearlyhalfof Canadiancar ownershave experienced somefromof depreciaon. Reportedthattheythinkabout thedepreciangvalueoftheir car. Canadiansreportthattherateat whichvehicledepreciatemakes them.. 55% 30% 18% 16% 8% 6% 45% *Depreciaonmeasuredbetween2010and2011 0% -5% -10% -15% -20% Carswithlowratesofannualdepreciaon*(Lowerisbeer) Domestic AsianImports EuropeanImports ChevroletCavalier FordTaurus ChryslerIntrepid HondaAccord Toyotacorny NissanAlma BMWSeriesBMWSeries AudiA4 MercedesC-Class *Depreciaonmeasuredbetween2010and2011 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% 2007BMWX3 2010CadillacEscalade 2002VWGolf 2007JeepWrangler 2006FordMustang 2008HondaPilot 2000BuickCe2000BuickCentury 2007AcuraCSK 2002Ford150 2010Ford150