Canadian Black Book announced its 2023 Best Retained Value Awards this month, noting that all of the winners retained over 82% of their value — a record high for battery electric vehicles.
In a news release, CBB said the average retained value across all vehicles in Canada was 77% of the MSRP on 2020 model year vehicles. That is down from 80% last year. To clarify, the 2023 percentage represents the second highest average retained value since the awards began.
“This year we saw all winners retaining over 82% which is the first time BEVs have reached this mark,” said Yolanda Biswah, President of Canadian Black Book, in a statement. “We can expect the overall retained value to continue to decrease next year, as 2022 marked the peak in our used vehicle index.”
CBB presented two BEV categories, now for the third consecutive year, to reflect the emerging trends in the industry. They listed the Volkswagen e-Golf as winning the BEV Main category, while the Porsche Taycan was awarded the prize in the BEV Luxury category.
The full list of winners for the 16th Annual CBB Best Retained Value Awards are available for review below:
| Category | Winners | 2nd | 3rd |
| Overall Brand Award: Car | Honda | Chevrolet | Toyota |
| Overall Brand Award: SUV/Truck | Toyota | Ford | Subaru |
| Overall Brand Award: Luxury | Porsche | Mercedes-Benz | Lexus |
| Overall Brand Award: BEV | Porsche | Volkswagen | Mini |
| Most Improved | Cadillac | Fiat | Hyundai |
| Car: Main | Toyota Yaris | Chevrolet Spark | Hyundai Accent |
| Car: Luxury | Cadillac CT5 | Cadillac CT4 | Mercedes-Benz CLA-Class |
| Car: Prestige | Porsche Panamera | Mercedes-Benz CLS-Class | Lexus LS-Series |
| Sport Car: Main | Dodge Challenger | Subaru BRZ | Ford Mustang |
| Sport Car: Luxury | Chevrolet Corvette | Porsche 911 | Porsche 718 Boxter |
| Small Pickup | Toyota Tacoma | Ford Ranger | GMC Canyon |
| Full-Size Pickup | Toyota Tundra | Ford Super Duty | Chevrolet Silverado 1500 |
| SUV: Main Sub-Compact | Subaru Crosstrek | Toyota C-HR | Nissan Kicks |
| SUV: Main Compact | Toyota Rav4 | Honda CR-V | Mazda CX-3/Hyundai Tuscon |
| SUV: Main Mid/Full | Toyota Highlander | Hyundai Palisade | KIA Telluride |
| SUV: Luxury Sub-Compact/Compact | Porsche Macan | Mercedes-Benz GLC-Class | Lexus UX-Series |
| SUV: Luxury Mid/Full | Mercedes-Benz G-Class | Porsche Cayenne | Land Rover Defender 110 |
| BEV Main | Volkswagen e-Golf | Mini Hatchback Electric | Hyundai Ioniq |
| BEV Luxury | Porsche Taycan | BMW i3 | Tesla Model Y |
| Commercial Van | Mercedes-Benz Metris | Ford Transit Connect | Ford Transit |
