Surprise result as Fiat ranks amongst least depreciating cars
Monday 26 March 2012
• Fiat Abarth 500 ranked third amongst the UK’s least depreciating cars
• Beaten by Audi and Skoda
• Average resale value 60 per cent of list price
The Fiat Abarth 500 has been ranked in the top three least depreciating cars in the UK.
The ranking, published by valuation specialists CAP, shows that the Abarth came in behind the Audi Q5 and Skoda Yeti, with an average resale value of 60 per cent of its list price, based on three years/30,000 miles use.
The rankings represent an improvement for Fiat, whose products generally perform badly when it comes to resale value. The firm had even put a strategy (including limiting discounts and the market positioning of the Abarth brand) in place to decrease steep depreciation, which is starting to have an effect.
Speaking on the result, Ivan Gibson, head of Abarth UK said: “Right from the start we had the plan to build in long-term value to the Abarth brand. A sustainable cost of ownership is something we have always been able to offer Abarth drivers and, add to that the fact that the Abarth 500 is a timeless and highly attractive car, it’s no wonder it has done so well in this important research.”
The Fiat Abarth 500 is powered by a 135bhp 1.4-litre turbocharged engine which emits 155g/km of CO2 and returns 43.4mpg on the combined cycle. It is available now from £14,461.
By Daljinder Nagra
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