In a survey of residual values carried by EurotaxGlass’s, publisher of the Glass’s Guide ‘trade bible’, the MINI 1.4TD came out with an average trade-in value of 62.3 per cent after three years. It is the second year in succession that the MINI has topped the table of the slowest-depreciating cars, although the downturn in used car values is indicated by the fact that last year it retained 71 per cent of its value after three years.
Seven of this year’s top 10 are cheap to buy and run, small and fuel-efficient. The almost identical Citroen C1, Toyota Aygo and Peugeot 107 were second, fourth and fifth respectively. However, the Ferrari F430 coupe and spyder took third place, retaining 60.9 per cent of their value after three years. The Lamborghini Murcielago was in eighth place (55.2 per cent), while rear- and all-wheel drive Carrera versions of the Porsche 911 were in tenth (54.8 per cent).
The Smart ForTwo was in sixth (56.7 per cent) while Seat’s Leon hatchback, in 1.9- and 2.0-litre diesel guise, came seventh. Toyota’s petrol/electric Prius hybrid was sandwiched between the Lamborghini and the Porsche in ninth place, retaining 55.0 per cent of its value.
Adrian Rushmore, managing editor at EurotaxGlass’s, said: “The factors that help make the MINI as close to recession-proof as possible in the current used car market are its strong image, reasonable running costs and its high levels of perceived quality. It also benefits from being seen as a good compromise for those who need to downsize from a larger, more expensive premium-brand offering.”
The worst-depreciating cars have mainly all been out of production for some time. The worst performing was the Alfa Romeo 166, which has a trade-in value of only 12.0 per cent of its new price after three years and 37,000 miles. The Rover 75, Rover 45/MG ZS and long-in-the-tooth Saab 9-5 retained between 14.6 and 17.4 per cent of their value respectively.
The rest of the 10 poorest performers were the Kia Magentis, Vauxhall Vectra, Jeep Cherokee, Renault Vel Satis, Mitsubishi Shogun Pinin and the Rover group’s short-lived City Rover.