An expert has come up with some reasons as to why the diesel-powered Mini 1.4TD is Britain’s slowest-depreciating used car.
EurotaxGlass’s, publisher of Glass’s Guide, has just conducted a survey examining the average residual values of vehicles which have been on the road for three years.
This year it had an average trade-in value of 63.2 per cent, while in 2007’s poll (which it also won) its residual value was 71 per cent.
So why is the Mini still the king of the residual values jungle?
Adrian Rushmore, managing editor at EurotaxGlasss, puts the result down to the supermini’s "strong image, reasonable running costs and its high levels of perceived quality".
"It also benefits from being seen as a good compromise for those who need to downsize from a larger, more expensive premium-brand offering," he added.
The expert believes that its residual value has slipped due to no car being immune to the effects of the credit crunch.
New entries in the top ten chart of three-year-old cars holding on to their value include the Citroen C1, Toyota Aygo, Peugeot 107, and Smart.
All of these have one thing in common – they have affordable price stickers of between £4,000 and £5,000 stuck to their windscreens.
The Alfa Romeo 166 was named and shamed as the three-year-old with the worst record for retaining its value – being sold for just 12 per cent of its value after 36 months of wear and tear.
Still, at least this makes it more affordable for bargain hunters.
Written by James Christie