Used Jeep Wrangler value continues to climb sky high

by Paul Choi . Feb 26 2016

The plunging Canadian dollar may be bad news for many, but it has been a boon for Canadian car and truck owners looking to sell their vehicles. Our depressed loonie, as well as decreasing fuel costs, have sparked a jump in U.S. demand for Canadian trucks and SUVs. This year’s Best Retained Value Awards by Canadian Black Book confirm the trend, with a 6.3 per cent decrease in depreciation year over year for the 11 trucks, SUVs and vans that won or placed this year.

The annual awards recognize four-year-old (2012) models across 20 categories that retain the highest percentage of their MSRPs. “American dealers have found new demand in the U.S. and more buying power in Canada, creating a desirable sellers’ market here,” said Brad Rome, president of Canadian Black Book. “With a low dollar and sluggish Canadian economy, largely due to poor oil prices, it can be hard to find positives anywhere. But I can say that for several segments the used-vehicle business is healthier now than it was a year ago.”

This year, the Jeep Wrangler secured 79 per cent of its original MSRP, 10 percentage points higher than last year and the highest recorded retained value in the history of the Canadian Black Book awards.

Fiat Chrysler won the full-size car class with its Dodge Charger, the first victory by any domestic model in the four mainstream car categories. Toyota, with six first-place finishes, won the most awards, for the ninth consecutive year. Toyota continues to dominate the truck segment, with the Tacoma and Tundra winning for the seventh straight year.

— Postmedia Network Inc. 2016

Here is the full list of winners:

Subcompact car: Honda Fit

Compact car: Toyota Prius v

Mid-size car: Toyota Camry

Full-size car: Dodge Charger

Entry luxury car: Volvo XC70

Luxury car: Audi A7

Premium luxury car: Porsche Panamera

Premium sports car: Porsche Cayman

Sports car: Dodge Challenger

Small pickup: Toyota Tacoma

Full-size pickup: Toyota Tundra

Minivan: Honda Odyssey

Full-size van: Nissan NV Van

Compact commercial van: Ford Transit Connect

Compact SUV: Jeep Wrangler

Mid-size SUV: Toyota FJ Cruiser

Full-size SUV: Toyota Sequoia

Compact luxury SUV: Audi Q5

Mid-size luxury SUV: Porsche Cayenne

Full-size luxury SUV: Audi Q7