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This is an infographic about cars losing their value over time.
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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