Kia Picanto sheds £s more slowly than most

January 20, 2011 | By | In Buying Guides

Which car, bought new, will have lost the least money for its owner in depreciation during 2010? According to the car pricing experts at Parker’s, it’s Kia’s pint-sized city car, the Picanto.

If you’d have driven one fresh from the showroom a year ago, it would have lost just £1247 in value after 12 months/10,000 miles use – or 20%. That works out at £3.42 a day, which is better than the Picanto did a year ago, when it would have lost £1760.

Parker’s said that cheaper cars and value brands dominated its line up of low depreciators, because of their low buying prices but also due to much-improved model ranges and super-length warranties, such as Kia’s seven-year cover.

The Honda Jazz, which took first place last year slipped to 76th for 2010, losing £2517 in a year as opposed to £1379 in 2009. This, says Parker’s, is because it’s a year older and the greater supply has pushed down prices.

Small cars occupied 36 of the top 50 places but they kept company with 12 off roaders. Top among them was the Volvo XC60, which lost £2065 in 2010, or just 8% of its value.

At the other end of the chart luxury cars ranked among the biggest losers. Worst among was the Maybach 62, which is bought new in at the start of 2010 would have by now lost £143,552, or 43% of its original asking price.

Best 10 depreciators

Kia Picanto £1247 cash lost during 2010

Kia Rio £1642

Daihatsu Terios £1818

Fiat 500 £1943

Volkswagen Polo £1987

Mazda 2 £2022

Volvo XC60 £2065

Perodua Myvi £2133

Audi Q5 £2189

Skoda Yeti £2213

Worst 10 depreciators

Maybach 62 £149,552

Maybach 57 £132,098

Bentley Brooklands £84,295

Rolls-Royce Phantom Saloon £82,815

Rolls-Royce Phantom Drophead £78,073

Ferrari 612 £72,750

Mercedes-Benz SL AMG £60,698

Ferrari 599 GTB Coupe £58,771

Bentley Arnage £57,322

Lamborghini Gallardo £52,054

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