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
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

    Recruitment Genius: Area Sales Manager - Midlands

    £20000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...

    Recruitment Genius: PHP Developer - 3-4 Month Fixed Contract - £30-£35k pro rata

    £30000 - £35000 per annum: Recruitment Genius: This is a 3-4 month pro rata fi...

    Recruitment Genius: Telesales Executive - OTE £26,000+

    £16000 - £26000 per annum: Recruitment Genius: A Telesales Executive is requir...

    Recruitment Genius: Area Sales Manager

    £25000 per annum: Recruitment Genius: This is an exciting opportunity to join ...

    Day In a Page

    Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

    Making of a killer

    What motivated a shy student to kill 38 holidaymakers in Tunisia?
    UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

    Just when you thought your commute couldn't get any worse...

    Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
    Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

    The Real Stories of Migrant Britain

    Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
    Cheaper energy on the way, but it's not all sunshine and rainbows

    Cheaper energy on the way, but it's not all sunshine and rainbows

    Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most
    Katy Perry prevented from buying California convent for $14.5m after nuns sell to local businesswoman instead

    No grace of God for Katy Perry as sisters act to stop her buying convent

    Archdiocese sues nuns who turned down star’s $14.5m because they don’t approve of her
    Ajmer: The ancient Indian metropolis chosen to be a 'smart city' where residents would just be happy to have power and running water

    Residents just want water and power in a city chosen to be a ‘smart’ metropolis

    The Indian Government has launched an ambitious plan to transform 100 of its crumbling cities
    Michael Fassbender in 'Macbeth': The Scottish play on film, from Welles to Cheggers

    Something wicked?

    Films of Macbeth don’t always end well - just ask Orson Welles... and Keith Chegwin
    10 best sun creams for body

    10 best sun creams for body

    Make sure you’re protected from head to toe in the heatwave
    Wimbledon 2015: Nick Bollettieri - Milos Raonic has ability to get to the top but he must learn to handle pressure in big games

    Nick Bollettieri's Wimbledon files

    Milos Raonic has ability to get to the top but he must learn to handle pressure in big games
    Women's World Cup 2015: How England's semi-final success could do wonders for both sexes

    There is more than a shiny trophy to be won by England’s World Cup women

    The success of the decidedly non-famous females wearing the Three Lions could do wonders for a ‘man’s game’ riddled with cynicism and greed
    How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

    How to stop an asteroid hitting Earth

    Would people cooperate to face a global peril?
    Just one day to find €1.6bn: Greece edges nearer euro exit

    One day to find €1.6bn

    Greece is edging inexorably towards an exit from the euro
    New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

    'Iron Man' augmented reality technology could become reality

    Holographic projections would provide extra information on objects in a person's visual field in real time
    Sugary drinks 'are killing 184,000 adults around the world every year'

    Sugary drinks are killing 184,000 adults around the world every year

    The drinks that should be eliminated from people's diets
    Pride of Place: Historians map out untold LGBT histories of locations throughout UK

    Historians map out untold LGBT histories

    Public are being asked to help improve the map