Top 10 Slowest and Fastest Depreciating Vehicles in 2023

As new vehicle prices reach logic-defying highs, choosing the right model is more important than ever. With that in mind, residual value should be among your top deciding factors.

At the beginning of the year, we covered ALG’s 2023 Canadian Residual Value Awards recognizing the vehicles that are projected to hold the highest percentage of their original MSRP after a four-year period, but what about those that were purchased before the pandemic?

According to U.S. research firm iSeeCars, which has analyzed more than 1.1 million vehicle transactions from November 2022 to October 2023, the average five-year depreciation rate is now at 38.8 percent, down from nearly 50 percent in 2019.

Check out this top 10 list of the slowest and fastest depreciating vehicles over the past five years. While there may be some differences in Canada, you should still get a pretty good idea.

(Slowest depreciation)

10. Toyota Corolla

Average five-year depreciation: 24.5%

(Slowest depreciation)

9. Subaru Crosstrek

Average five-year depreciation: 24.5%

(Slowest depreciation)

8. Toyota C-HR

Average five-year depreciation: 24.4%

(Slowest depreciation)

7. Chevrolet Camaro

Average five-year depreciation: 24.2%

(Slowest depreciation)

6. Subaru BRZ

Average five-year depreciation: 23.4%

(Slowest depreciation)

5. Honda Civic

Average five-year depreciation: 21.5%

(Slowest depreciation)

4. Jeep Wrangler

Average five-year depreciation: 20.8%

(Slowest depreciation)

3. Toyota Tacoma

Average five-year depreciation: 20.4%

(Slowest depreciation)

2. Porsche 718 Cayman

Average five-year depreciation: 17.6%

(Slowest depreciation)

1. Porsche 911

Average five-year depreciation: 9.3%

(Fastest depreciation)

10. Audi A7

Average five-year depreciation: 57.2%

(Fastest depreciation)

9. Jaguar XF

Average five-year depreciation: 57.6%

(Fastest depreciation)

8. Maserati Levante

Average five-year depreciation: 57.8%

(Fastest depreciation)

7. Infiniti QX80

Average five-year depreciation: 58.1%

(Fastest depreciation)

6. BMW X5

Average five-year depreciation: 58.2%

(Fastest depreciation)

5. Cadillac Escalade ESV

Average five-year depreciation: 58.5%

(Fastest depreciation)

4. BMW 5 Series Hybrid

Average five-year depreciation: 58.8%

(Fastest depreciation)

3. Maserati Ghibli

Average five-year depreciation: 61.3%

(Fastest depreciation)

2. BMW 7 Series

Average five-year depreciation: 61.8%

(Fastest depreciation)

1.Maserati Quattroporte

Average five-year depreciation: 64.5%