ALG forecasts two Porsche models for best future retained value

By : Trevor Hofmann
  Recently we reported on Porsche taking home Canadian Black Book’s 2017 Best Overall Brand Award in the Luxury category, as well as four individual model awards. These awards were handed out at the Canadian International Auto Show in Toronto last week, as were awards for the 2017 ALG Canadian Residual Value Awards. Why two residual value awards? The difference between the CBB awards program and ALG’s is that CBB analyzes the past and ALG forecasts the future. On that note the two Porsches chosen to retain their values best after three years are the new 718 Boxster in the Premium Sportsc.......
                   
                   
                   
                   
                   
   
 
Recently we reported on Porsche taking home Canadian Black Book's 2017 Best Overall Brand Award in the Luxury category,
2017 Porsche 718 Boxster
ALG forecasts Porsche's new 2017 718 Boxster will perform best in its class with respect to future resale value. (Photo: Porsche)
as well as four individual model awards. These awards were handed out at the Canadian International Auto Show in Toronto last week, as were awards for the 2017 ALG Canadian Residual Value Awards.

Why two residual value awards? The difference between the CBB awards program and ALG's is that CBB analyzes the past and ALG forecasts the future. On that note the two Porsches chosen to retain their values best after three years are the new 718 Boxster in the Premium Sportscar Segment and the Panamera in the Premium Executive Segment.

"I am pleased to accept these two awards from ALG," said Alexander Pollich, President
2017 Porsche Panamera
The all-new second-generation Panamera is also high on ALG's best retained value forecast. (Photo: Porsche)
and CEO, Porsche Cars Canada, Ltd. "Our new 718 Boxster exemplifies the modern two- seat roadster and provides its occupants with an unrivaled driving and ownership experience. The Panamera underlines its appeal with its second consecutive ALG award with a whole new model that innovates and rewrites the rules as to what a sports sedan should be."

ALG Canadian Residual Value Awards winners are chosen after studying the competition within each vehicle segment, as well as historical vehicle performance and industry trends. Additionally, vehicle quality, production numbers relative to demand, pricing, and marketing strategies are also factored in.

Additionally,
2017 Porsche 911
Porsche's 911 held its resale value very well by CBB's calculations, as it does every year. (Photo: Porsche)
everyone knows that two witnesses are better than one, and with respect to Porsche's case for dominant resale values the additional validator is Canadian Black Book's 2017 Best Retained Value Awards.

After taking note of just how many individual class awards Porsche ran away with in this year's CBB awards program, it was unsurprising to see the brand take home the Overall 'Luxury' Award too.

Best Overall Brand Award categories are new to CBB, the winners chosen by averaging the retained value of each brand's entire vehicle lineup over four years, with the highest average in each of three categories awarded.

"After
2017 Porsche Cayenne
With looks and performance like Porsche's Cayenne, no wonder it's sought after on the used market. (Photo: Porsche)
a decade of presenting these awards, we've established that it is necessary to recognize the brands that really excel in terms of retained value, across all their products," said Brad Rome, President, Canadian Black Book. "That said, our number one priority in presenting these awards, is to help consumers know what models and brands provide the best opportunity to save money in the long term."

It's nothing new to see Porsche leading the categories it competes in. This year its Panamera four-door coupe took top honours within the "Premium Luxury Car" class, the Boxster two-seat convertible scooped first in the "Premium Sports Car" segment with the 911 coming in second, and the Cayenne held on to its "Midsize Luxury SUV" crown.

It's
2017 Porsche Panamera
Style leadership, impressive quality, advanced features, legendary performance, and reliability help Porsche stay at the top of retained values lists. (Photo: Porsche)
important to understand the true price paid for a vehicle is the difference between the cost of purchase and what's left over when that vehicle is traded in or sold later.

"Depreciation is the single largest expense of owning a vehicle, more than gas, maintenance or insurance," said Brian Murphy, VP Research and Editorial, Canadian Black Book. "Understanding your vehicle's retained value is extremely important for anyone researching to buy, sell or trade-in any vehicle."

To clarify, while called the "2017" Best Retained Value Awards the vehicles in question were from the 2013 model year. Vehicle values are tracked over four years, which involves CBB "analysts scouring hundreds of thousands of sales transactions and other data points from live auctions, online auctions, dealership and other proprietary sources," said the third-party analytical firm in a press release. Prizes get awarded to vehicles that maintain the highest percentage value when compared against their original Manufacturer Suggested Retail Price (MSRP).
©(Copyright Canadian Auto Press)
 
Articles
Canada's Top 10 Selling Cars
Canada's Top Vehicle Incentives
Contact Us
Customer Feedback
FAQ
Français
Get Started
Glossary
Media Gallery
Member Benefits
New Car Buyer Reviews
News & Reviews
Privacy Policy
Sample Report
Savings and Discounts
Sign Up
Site Map
Tips & Advice
Videos

Who is CarCostCanada Who is CarCostCanada

We are Canada's #1 choice for New Car Buyers and the Nation's Most Trusted Online New Car Pricing Service. Since 1999 we have provided Canadian New Car Buyers with access to our proprietary Dealer Invoice Price Reports. 

Complementing the Dealer Invoice Price Reports, we also have an in-house team of automotive professionals with over an accumulated 100 years of experience and a Canada-Wide New Car Dealer Network.

Why you should Never Buy or Lease a New Car without a CarCostCanada Invoice Price Report Why you should Never Buy or Lease a New Car without a CarCostCanada Invoice Price Report

Our proprietary Invoice Price Reports include New Car Invoice (Dealer Cost) Information, Advertised and NON-Advertised Cash Incentives, CASH Rebates, Special Financing and Lease Rates. You will also receive a referral to a New Car Dealer that is committed to providing a seamless and extremely satisfying purchase experience along with great prices!

Learn How to Buy your Next New Car the CarCostCanada way  Learn How to Buy your Next New Car the CarCostCanada way

The CarCostCanada way of buying has taken the "guess work" out of the buying process and eliminated the need to travel from Dealer to Dealer with the hope of getting a discount from a professional salesperson. Simply use the Invoice Price Report to determine the exact cost, making sure you deduct the incentives. Then, add a margin or profit (dealers love the word profit) of typically anywhere from 3% to 5% over cost to arrive at a purchase target price.
Be sure to use our recommended dealer.

Connect with us

facebook youtube googleInstagram

Copyright © 2018 CarCostCanada.com All rights reserved. | Development and hosting by Armada Data Corporation
Design by Orange Keel Brand Strategy & Design