Depressing Depreciation
In Alberta in 2011 my truck had a list price of just over $84,000. It could be bought for $70,000 cash. Now, three and a half years later with 62,000 miles on it I would be doing good to get $40k out ...
Forum Discussion
Bionic Man wrote:
Why the difference in depreciation in Canada vs the US? Are other vehicles the same way, or for some reason is it worse with this particular model?
Many people in Alberta are driving new vehicles so depreciation is huge for all makes and types but it seems to me that Ford trucks depreciate at an even faster rate in Alberta than GM or Ram. I wonder if Ford maybe offers the best fleet pricing. Seems like there is an incredible number of new Ford work trucks hitting the road every year. It could be that the used market is flooded with 2 or 3 year old Fords.
Edit:
I just checked Stats Canada, Of the 263,234 motor vehicles sold in Alberta in 2013 ..... 200,656 of them were commercial vehicles. I don't know what the split is on all those commercial vehicles but like I said it seems like an awful lot of new Ford trucks hit the road every year.
