Fleet News

City cars best performers at resale time

Lease companies struggling with massive falls in the value of used cars entered into auction have been told that it is smaller city cars that are performing strongest in the used car market.

According to the latest research, Toyota city car - the Aygo - was Britain’s slowest depreciating car in 2008.

In its annual depreciation report, Parker’s compared last January’s new prices with what a car would be worth if it were sold now.

A Toyota Aygo lost just £1,515 over the last 12 months – the equivalent of £4 per day.

Meanwhile the worst performer, the Maybach lost more than £350 every day in depreciation last year.

It’s the third year running that Toyota’s city car has featured in the top ten.

Its sister cars – the Citroen C1 and Peugeot 107 – take second and fifth spots. All three are essentially the same car with different badges.

The Fiat 500 makes its appearance in the top 10, after it was placed in fourth position, well ahead of the seventh place Mini, which has been a star performer for residual values since 2001.

All the cars in this year’s top 10 have one thing in common: they’re all small and cheap to run.

As a result, increased demand from buyers trading down to smaller, more economical cars have pushed up prices.

Meanwhile, those cars at the foot of the table are all thirsty, large engined executive models or high-end sports cars.

The best residual performers of 2008
 

  1. Toyota Aygo (05 on)  £1,515 lost in 2008
  2. Citroën C1 (05 on) £1,865 lost in 2008
  3. Fiat 500 (on) £1,907 lost in 2008
  4. Smart Fortwo Coupe (07 on) £1,936  lost in 2008
  5. Peugeot 107 (05 on) £2,110 lost in 2008
  6. Kia Picanto (04 on) £2,245 lost in 2008
  7. MINI Hatchback (06 on) £2,300 lost in 2008
  8. Mitsubsishi i (07 on) £2,358 lost in 2008
  9. Perodua Kelisa (02 on) £2,378 lost in 2008
  10. Perodua Myvi (06 on) £2,491lost in 2008


The biggest losers of 2008

  1. Maybach 62 (03 on) £128,899 lost in 2008
  2. Maybach 57 (03 on) £116,423 lost in 2008
  3. Rolls-Royce Phantom (03 on) £78,418 lost in 2008
  4. Bentley Arnage (98 on) £63,247 lost in 2008
  5. Ferrari 612 (04 on) £60,429 lost in 2008
  6. Mercedes-Benz SL AMG (02 on) £57,580 lost in 2008
  7. Aston Martin DBS (08 on) £50,998 lost in 2008
  8. Daimler Super Eight (07-) £47,867 lost in 2008
  9. Bentley Conti GT Coupe (03-) £43,027 lost in 2008
  10. Aston Martin DB9 (04 on) £40,244 lost in 2008

 

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