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24/08/2009
Small cars continue to hold their value better than larger models with higher running costs, according to valuation experts Glass's Guide.
And city cars and superminis dominate the firm's latest residual values table, with diminutive models taking up seven of the top 10 slots.
Topping the list, Peugeot's 107 retains 60.9% of its list price after three years and 39,000 miles of motoring. Toyota's near-identical Aygo - built in a joint venture with Peugeot Citroen - retains 60.2%, and the Suzuki Swift 59.5%.
The Citroen C1, also sister car to the Peugeot 107 and Toyota Aygo, is placed fourth, being worth 59.2% of its list price after three years. The MINI retains an average of 58.9%.
VW's Fox city car is placed seventh (57.8%), and Honda's Jazz supermini eighth (57.0%).
Adrian Rushmore, Glass's managing editor, explained that car buyers were particularly attracted by low purchase prices and running costs.
"All models in the top 10 are relatively young, having been launched within the last five years," he added. "Consequently, they are viewed as modern, cutting-edge cars by consumers and retailers, adding to their appeal and bolstering their values."
Rushmore predicted that in the future, higher fuel costs and motoring taxes would continue to make small cars "winners", but added that "style and image will still be important".
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