The Ford Fiesta Studio three-door, 1.25-litre petrol is the UK's most cost effective Small Hatchback of the Year under £13,000 according to a leading car buying website, Parkers.

In deciding the awards from Parkers, the website combined list price with running costs, including depreciation, showroom and road tax, servicing and fuel consumption.

Kieren Puffet, Parkers editor, said: "The Fiesta 1.25 Studio three-door has proved to be an excellent value-for-money small hatchback that is still holding its own in a very competitive segment. It came out top in the under-£13,000 price bracket in the Parkers Cost of Motoring New Car Awards’ small hatchback category because it has affordable running costs to go with its fantastic handling abilities and competitive list price.

Priced from £9,795 the Ford Fiesta is Britain’s best-selling car and the latest ECOnetic model delivers 85mpg emitting 87g/km CO2.