UK depreciation 'worst in Europe'

07 September 2007

  • UK cars can lose twice times as much
  • European depreciation compared
  • Oversupply in UK is blamed

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New cars in the UK suffer the worst depreciation in values in Europe.

That is the finding of rental company City Car Club, which discovered that budget cars suffer particularly badly.

For instance, a Fiat Stilo Multiwagon would lose 54.9% of its value in its first year in the UK, compared to 23.2% in Germany.

Likewise, a Kia Rio loses 54.7% of its value in its first year in the UK, compared to 22.5% in France.

Oversupply and too many new body shapes and special edition models are being blamed for flooding the market in the UK, driving down used car values.

One-year depreciation comparisons
Kia Rio
UK 54.7%
Holland 30.3%
France 22.5%
Germany 22.8%
Spain 26.8% (Magentis)

Toyota Prius Hatchback
UK 21.7%
Holland 14%
France 23.9%
Germany 19.7%
Spain 18.9%

Fiat Stilo Multiwagon
UK 54.9%
Holland 27.3%%
France 23.6%
Germany 23.2%
Spain 26.5%

Audi A3 Sportback
UK 22%
Holland 19.8%
France 17.5%
Germany 23.9%
Spain 17%