The organization's new consumer web site at www.canadianblackbook.com is proving to be a hit with car buffs and tire-kickers, registering more than four million visitors since launching in 2010.
Most popular are the free calculators. If you are selling your vehicle, you can determine the current trade-in value and average asking price by selecting the relevant options package plus factors such as condition and number of kilometres driven.
If you are considering buying a vehicle, you can add on option packages, and then get CBB's forecast of the model's future value down the road.
Company CEO, Kathy Ward, says knowing a vehicle's future value is critical if drivers are to understand depreciation—how well a vehicle holds its value over time.
“Depreciation is the highest cost associated with vehicle ownership,” she explains. “Our web site arms buyers and sellers with insight they need to make smart decisions beyond interest rates and rebate promotions.”
Since 2006, Canadian Black Book has handed out its annual “Best Retained Value” awards to vehicles that maintain their value best after four years, based on original MSRP. The chart shows the winners in each category for the past three years.
Winner details, research and reviews are online at www.canadianblackbook.com.
Get more information on the Canadian Black Book (CBB) on Carjunky.com at Canadian Black Book Rates Vehicles With Best Trade-in Values