Motor industry analyst CAP say the Hyundai i20 will be a great choice of used car in the future as it will be near the top of the league table of cars holding on to their value.
The news will be welcomed by used Hyundai dealers looking for a great start to 2009 as well as consumers concerned about the resale value of new cars in troubled economic times.
The new model goes on sale in January, with prices starting at just £8,195, and CAP believes that it will retain a larger percentage of its original value after three years than many of its prestigious rivals.
CAP names these rivals as including the VW Polo, Toyota Yaris and ‘big game’ such as the Vauxhall Corsa, Peugeot 207 and the new Ford Fiesta.
For instance, an entry-level i20 5-dr Classic will, CAP predicts, retain 47 percent of its list price after three years and 30,000-miles – five percentage points more than the equivalent Fiesta and a dozen more than comparable Corsas or Clios.
Hyundai UK’s marketing director Andrew Cullis explained: "The i20’s standard spec combines all of the things that buyers want, such as remote central locking, air conditioning, electric front windows and an iPod jack in the stereo, but none of the things they don’t."
A five-year unlimited mileage warranty is also thought to be a key factor in the success of used Hyundai dealers.
Written by James Christie