Vehicle Finance Canadian Light Vehicle Residual Value Summary (Percent of Original MSRP - Sales Weighted) Model Year The Canadian Market 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2 Year Old 3 Year Old 4 Year Old 5 Year Old 56.0% 57.7% 55.8% 53.1% 51.3% 60.4% 62.4% 61.9% 60.4% 61.1% 62.1% 65.3% 48.6% 45.6% 43.3% 41.2% 48.6% 50.4% 53.0% 50.7% 51.5% 57.8% 60.3% 37.5% 35.0% 33.0% 39.0% 39.9% 42.7% 43.7% 42.8% 44.2% 46.9% 28.9% 26.4% 31.1% 31.5% 34.0% 35.2% 37.2% 36.7% 39.2% Canadian Passenger Car Residual Value Summary (Percent of Original MSRP - Sales Weighted) Model Year Section 1 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2 Year Old 3 Year Old 4 Year Old 5 Year Old 53.9% 57.4% 57.3% 54.6% 58.1% 60.2% 62.8% 63.4% 60.4% 60.7% 58.1% 58.4% 48.3% 46.0% 45.0% 47.3% 49.0% 50.8% 54.7% 52.4% 50.7% 60.7% 58.1% 37.7% 35.4% 37.8% 39.3% 41.1% 43.5% 45.4% 43.6% 40.7% 40.7% 28.6% 29.6% 30.7% 32.3% 34.8% 35.7% 37.8% 35.3% 33.0% Canadian Light Truck Residual Value Summary (Percent of Original MSRP - Sales Weighted) Model Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2 Year Old 3 Year Old 4 Year Old 5 Year Old 58.5% 58.0% 54.1% 51.4% 44.0% 60.6% 62.0% 60.7% 60.5% 61.4% 65.2% 70.2% 48.8% 45.2% 41.3% 34.2% 48.2% 49.9% 51.3% 49.3% 52.1% 55.4% 62.1% 37.3% 34.5% 27.4% 38.5% 38.5% 41.8% 41.9% 42.1% 46.9% 52.0% 29.3% 22.6% 31.6% 30.6% 33.2% 34.6% 36.6% 37.8% 44.0% Source: DesRosiers Automotive Consultants Inc. using Canadian Black Book data 34 Canadian Used Vehicle Report 2016 Edition