Now Reading: Hugely popular hatchback owned by 100,000s of Brits drops in value the SLOWEST – with used models still worth £1,000s
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Hugely popular hatchback owned by 100,000s of Brits drops in value the SLOWEST – with used models still worth £1,000s
Hugely popular hatchback owned by 100,000s of Brits drops in value the SLOWEST – with used models still worth £1,000s
THE UK’S most depreciation-proof cars have been revealed – with a hugely popular hatchback taking the top spot with a large chunk of its value kept intact after three years.
A recent analysis of over 40 million car sales by digital car finance provider Carmoola has shown the makes, models, body shapes and fuel type of cars that are great for retaining – or losing – their value over time.
Topping the list was the loveable Hyundai i10, which loses only 16.6 per cent of its original sale value in the first three years – which comes in at approximately £1,516.
At a current average sale price of £9,134 this means that a Hyundai i10 would only lose £1,516 in that time.
According to How Rare is My Car, the 215,298 examples of the i10 currently exist on UK roads with a valid MOT.
In the city car segment, it often ranks as one of the best-selling small cars in its market and is particularly championed for its affordability, practicality, and good fuel efficiency.
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The model also took home top prize at CarGurus best used city car category at the site’s awards in 2019.
Coming in behind the i10 is the Audi A1, a sophistated hatchback that’s celebrated for being stylish, well-built, and fun-to-drive – making it one of Audi’s best-selling cars.
The A1 keeps 81.5% of its value, according to the experts.
Rounding up the top is the Toyota Yaris Cross, Volkswagen Polo, and the Honda Jazz.
In stark contrast, the Renault Zoe and Nissan Leaf were both found to be the fastest-depreciating models, losing two-thirds of their original value.
Among car brands, Porsche, perhaps unsurprisingly, topped the list as the one with the best value.
The German performance car manufacturer’s vehicles lose just 24.1 per cent of their value after three years.
On the other hand, cars from DS tend to lose half, 50.2 per cent, of their value within three years.
Furthermore, an analysis of fuel types revealed that hybrids lose 60 per cent of their value by year ten, closely followed by petrol cars at 63 per cent, while EVs saw the sharpest depreciation, losing a whopping 43 per cent of their original value after the first three years.
Even car colour plays a significant role in depreciation, as traditional shades like black, grey, and silver depreciate the fastest, while more vibrant and adventurous colours like orange, purple, and yellow retain more of their value over the years.
By year ten, orange cars lose only 61 per cent of their initial value, while purple and yellow maintain 62 per cent and 65 per cent, respectively.
