Kia Picanto and Volvo XC60 are depreciation winners

Kia's Picanto and Volvo's XC60 have emerged as two of the big winners in the annual depreciation survey carried out by Parkers, the car buying website and publisher of residual values data.

The study, which tracks the loss in value suffered by twelve month old cars with 10,000 miles on the clock, showed that the Picanto suffered the smallest absolute drop in value during 2010 - £1,247. Volvo's XC60 mid-sized SUV suffered an exceptionally low percentage loss of just 8 per cent, or £2,065; in relative terms, that was a better performance than the Kia, which lost a still creditable 20 per cent of its much lower original price. One notable aspect of the Picanto's performance was that it resisted depreciation comparatively well despite being a long-established model that will shortly be replaced; often it is newer models enjoying strong demand and suffering from tight supply that perform best.



The good performance of the XC60 was echoed by that of the Audi Q5 (down 9 per cent), Daihatsu Terios (down 14 per cent) and Skoda Yeti (down 13 per cent), all of which made it into the Parkers “Top Ten” for the cars for the cars that suffered the lowest absolute drop in value as well.



Kieren Puffett, Editor of Parkers, attributed the strong showing of these 4x4 models to “the increased level of interest in that sector” which was “probably due to a change in perception due to improvements in off-roaders' efficiency and the threat of persistent cold winters.” Certainly the market position of SUVs, especially at the “softer” end of the scale has improved vastly since the knock in popularity they suffered in 2008 as fuel prices began to rise and environmental concerns were at their height.



A full list of the hundred cars which, according to the Parkers analysis, suffered the smallest absolute loss in value can be found here.





Among the cars that didn't make it into the Parkers Top Hundred were expensive products from prestige brands such as Maybach, Bentley, Rolls Royce and Mercedes. What may be more of a surprise is that models from these manufacturers also suffered some of the biggest percentage falls in value as well; Maybach's 62 model lost £149,552 last year, or a whopping 43 per cent.



Depreciation represents one of the few big remaining areas of risk for car buyers; legislation and technical progress mean that the chances of buying something dangerous, hopelessly unreliable or which just rusts away have been drastically reduced. But it's still possible to lose an awful lot of money by choosing the wrong model.

Suggested Topics
PROMOTED VIDEO
News
people
Arts and Entertainment
Avatar grossed $2.8bn at the box office after its release in 2009
filmJames Cameron is excited
News
news

Lincoln MP Karl McCartney 'denied all knowledge' of the Twitter activity

Arts and Entertainment
Joel Edgerton, John Turturro and Christian Bale in Exodus: Gods and Kings
filmDirector said film would 'never have been financed' with ethnic minority actors in key roles
Arts and Entertainment
Stik on the crane as he completed the mural
art
Life and Style
View of champagne glasses at a beach bar set up along the Croisette during the 66th edition of the Cannes Film Festival in Cannes on May 17, 2013
food + drink(and for now, there's a clear winner)
News
The author PD James, who died on 27 November 2014
people

Detective novelist who wrote Death comes to Pemberley passed away peacefully at her home, aged 94

Arts and Entertainment
Jennifer Lawrence as Katniss Everdeen in The Hunger Games: Mockingjay Part 1
arts + ents
Life and Style
tech

Sites using the popular Gigya comment platform were attacked by the Syrian Electronic Army (SEA)

Extras
indybest
News
people
Arts and Entertainment
An unseen image of Kurt Cobain at home featured in the film 'Kurt Cobain: Montage of Heck'
film
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Argyll Scott International: Service Desk Analyst

    £20000 - £22000 per annum: Argyll Scott International: Service Desk Analyst Re...

    h2 Recruit Ltd: Business Development Executive - Software

    £20000 - £25000 per annum + 55,000 OTE + benifits: h2 Recruit Ltd: Software Sa...

    Argyll Scott International: 2x Service Desk Analyst

    £20000 - £22000 per annum: Argyll Scott International: Service Desk Analyst Re...

    Langley James : IT Project Manager; 6 month FTC; Brighton; £400p/d

    £400 - £420 per day: Langley James : IT Project Manager; 6 month FTC; Brighton...

    Day In a Page

    Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

    Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

    It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
    Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

    Sol Campbell cries foul at Labour's mansion tax

    The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
    Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

    Sarkozy returns

    The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
    Is the criticism of Ed Miliband a coded form of anti-Semitism?

    Is the criticism of Miliband anti-Semitic?

    Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
    Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

    Ouija boards are the must-have festive gift

    Simon Usborne explores the appeal - and mysteries - of a century-old parlour game
    There's a Good Girl exhibition: How female creatives are changing the way women are portrayed in advertising

    In pictures: There's a Good Girl exhibition

    The new exhibition reveals how female creatives are changing the way women are portrayed in advertising
    UK firm Biscuiteers is giving cookies a makeover - from advent calendars to doll's houses

    UK firm Biscuiteers is giving cookies a makeover

    It worked with cupcakes, doughnuts and macarons so no wonder someone decided to revamp the humble biscuit
    Can SkySaga capture the Minecraft magic?

    Can SkySaga capture the Minecraft magic?

    It's no surprise that the building game born in Sweden in 2009 and now played by millions, has imitators keen to construct their own mega money-spinner
    The King's School is way ahead of the pack when it comes to using the latest classroom technology

    Staying connected: The King's School

    The school in Cambridgeshire is ahead of the pack when it comes to using the latest classroom technology. Richard Garner discovers how teachers and pupils stay connected
    Christmas 2014: 23 best women's perfumes

    Festively fragrant: the best women's perfumes

    Give a loved one a luxe fragrance this year or treat yourself to a sensual pick-me-up
    Arsenal vs Borussia Dortmund: Alex Oxlade-Chamberlain celebrates century with trademark display of speed and intuition

    Arsenal vs Borussia Dortmund

    The Ox celebrates century with trademark display of speed and intuition
    Billy Joe Saunders vs Chris Eubank Jnr: When two worlds collide

    When two worlds collide

    Traveller Billy Joe Saunders did not have a pampered public-school upbringing - unlike Saturday’s opponent Chris Eubank Jnr
    Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

    Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

    Our partner charities help veterans on the brink – and get them back on their feet
    Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

    Putin’s far-right ambition

    Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
    Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

    Escape to Moominland

    What was the inspiration for Finland's most famous family?