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Superminis 'offer best depreciation rates'

Mon, 06 Apr 2009
The economic downturn is having a significant effect on car depreciation rates, it has been claimed.

According to EurotaxGlass's, residual values of small, fuel-efficient city models are starting to outperform 4x4s and prestige saloons for the first time.

This could be good news for those considering buying a car in this category in the coming months.

EurotaxGlass's pointed out the Toyota Aygo, Peugeot 107 and Ford Ka are the slowest depreciating models in the UK - typically hanging onto 49.5 per cent of their original price tag after 36,000 miles and three years.

Managing director Adrian Rushmore said: "Small and supermini cars are the residual value kings of the used car market - a position they are unlikely to relinquish in the foreseeable future."

Last month, EurotaxGlass's reported prices for second-hand cabriolets had dropped to an unprecedented low.

It revealed prestige drop-tops were worth 24 per cent less in March 2009 than at the same time in 2008.

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