Kia Picanto best for used car value
Friday 21 January 2011
The Kia Picanto loses less money than any other car after a year of ownership, according to a new survey.
The baby city car from Kia lost £1,247 – £3.42 a day – after a year and 10,000 miles.
Thanks to a low purchase price, those selling a 12 month old Picanto can expect to recoup 80 per cent of the original price. Values have been kept high due to Kia’s reputation for reliability and excellent five year warranty.
Last year’s used champion, the Honda Jazz fell to 76th spot as a glut of used models on the market are forcing prices down.
Small, cheap-to-run city cars accounted for 36 of the top 50 cars in the study by used car price magazine, Parker’s.
Twelve of the top 50 were off-roaders due to recent snow and wet weather conditions.
Overall, depreciation – the industry term for how much value a car loses – was 34 per cent, slightly more than 33 per cent in 2009, reflecting the country’s tough economic times.
Top ten models for the least value lost:
Kia Picanto – £1,247 lost during 2010, 20% of original price
Kia Rio – £1,642 lost during 2010, 22% of original price
Daihatsu Terios – £1,818 lost during 2010, 14% of original price
Fiat 500 – £1,943 lost during 2010, 22% of original price
Volkswagen Polo – £1,987 lost during 2010, 22% of original price
Mazda 2 – £2,022 lost during 2010, 23% of original price
Volvo XC60 – £2,056 lost during 2010, 8% of original price
Perodua Myvi – £2,133 lost during 2010, 31% of original price
Audi Q5 – £2,189 lost during 2010, 9% of original price
Skoda Yeti – £2,213 lost during 2010, 13% of original price
Top ten models for the most value lost:
Maybach 62 – £149,552 lost during 2010, 43% of original price
Maybach 57 – £132,098 lost during 2010, 44% of original price
Bentley Brooklands – £84,295 lost during 2010, 36% of original price
Rolls-Royce Phantom Saloon – £82,815 lost during 2010, 27% of original price
Rolls-Royce Phantom Drophead – £78,073 lost during 2010, 26% of original price
Ferrari 612 – £72,750 lost during 2010, 34% of original price
Mercedes SL-Class AMG – £60,698 lost during 2010, 40% of original price
Ferrari 599 GTB Coupe – £58,771 lost during 2010, 28% of original price
Bentley Arnage – £57,322 lost during 2010, 30% of original price
Lamborghini Gallardo – £52,054 lost during 2010, 31% of original price
By Stuart Milne, Used Car Editor