Supply chain issues have certainly caused their share of challenges for automotive manufacturers and retailers this year, with the knock-on effect being higher pre-owned prices than usual for brands that don’t always retain their values as well.
The pre-owned Porsche market is experiencing similarly strong resale values, but this is nothing new for the Stuttgart-based luxury-performance brand.In fact, this is the third consecutive year that Porsche attained the Canadian Black Book’s Best Retained Value Award in the “Overall Brand: Luxury”sector, clearly making it the best choice for holding onto your premium automotive investment.
The 2021 award, now announced in November instead of March, made a couple of notable changes this year, mostly to the vehicle categories, including a new zero-emission vehicles (ZEV) sector with its own overall brand winner, as well as mainstream sector and luxury brand winners. Additionally, sales volume was added to the criteria, an important factor when calculating future valuations.
The Porsche Panamera has been king of the “Premium Luxury Car” category for the past eight years, and now makes it nine by claiming top spot in the new “Car: Prestige” segment, while the Macan earned the highest podium in its “CompactLuxuryCrossover SUV” class for the past two years, and again claims the top position, albeit in the new “SUV Luxury”category.
Lastly, the new “Sport Car: Luxury” segment included two Porsche models, with the 718 Cayman in second and 911 in third.
Being that the Canadian Black BookBest Retained Value Awards measure retained value after four years, the Porsche Taycan and Taycan Sport Turismo, which were only introduced in 2019, are too new to qualify. This said, CBB will introduce new Best Residual Value Awards in February of 2022, which will forecast the highest expected future values in the above categories. Stay tuned to find out how well Porsche’s new electric lineup fares in its exciting new EV sector, plus how all other Porsche models do as well.
To learn more about Porsche’s award winning Panamera and Macan, as well as all of the German brand’s high-value models, contact Porsche Centre Vancouver at (604) 736-7911, or drop by our showroom at 688 Terminal Ave, Vancouver.
Story credits: Trevor Hofmann
Photo credits: Porsche