Residual value boost for Corsa, Fiesta

According to used car pricing expert CAP, the ‘supermini segment’ – small hatchback cars such as the Fiesta and Corsa – have seen their used value drop by just 1.9 per over summer 2011.

This is one of the lowest falls in value out of any segment, meaning small cars such as the Vauxhall Corsa and Ford Fiesta will keep more of their value than other cars.

Mike Hind of CAP said: “With headlines so often focused on fuel and insurance costs it is easy to forget that depreciation is the number 1 expense most car owners have to live with.

“Indeed, many used car values moving into November have been unusually strong at a time when historically prices have tended to be much weaker.”

Cars typically lose a percentage of their value based on condition, mileage and age as time goes on, but a car with a higher residual value can be sold or traded in for more money than a car with a lower residual value.

However, CAP has revealed even larger cars are enjoying higher residual values in 2011.

Hind added: “Thanks to low volumes of cars available, even the usual suspects for heavy depreciation, such as large family cars and popular executive models, have been seeing relatively strong value retention as we head toward the end of the year.”

The news could be a boost for owners of larger family cars such as the Ford Mondeo, Vauxhall Insignia and the more executive-styled Mazda6.