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Top Five Best Total Cost of Ownership Mo

Latest figures show high depreciation and maintenance costs push up the ‘total cost of ownership’ on the UK’s favourite used city hatchbacks

For those motorists who simply want to nip around town without the need to carry multiple passengers, city cars are often seen as a cost-effective alternative to their bigger, fuel-hungry counterparts, however, cap reveals that the city car sector was one of the main used car sectors under pressure through 2015.

This resulted in a higher overall depreciation than vehicle sectors and the market average, meaning car buyers need to consider the total cost of ownership of their dream compact car, including maintenance, fuel, and insurance.

The latest cap data reveals that the total cost of ownership varies significantly between city runabouts. The Suzuki Celerio offers the best value, with monthly running costs starting from just £192, as well as an initial price tag of £6,944.

According to the cap data, the three city cars with the highest annual service and maintenance costs are the Peugeot 108, starting from £797, the Citroen C1 starting from £771 and the Vauxhall Viva starting from £725.

However, despite the high service and maintenance costs, all three appear among the best overall buys, when looking at total cost of ownership.

In contrast, the Smart ForFour Night Sky Hatchback, has the highest, total service and maintenance costs at £1,251, contrasting with the Toyota Aygo, which costs just £441 in servicing, offering great value in the top three.

Philip Nothard, cap consumer and retail editor, comments, “The good news is that there are very attractive new car offers, with low rate PCP headline figures. For instance, the Suzuki Celerio is just £79 per month over 42-months and the Hyundai i10 offers a 24-month PCP at payments as low as £89 per month. Due to this sector being the lower-cost vehicles, they have been subject to the increased registration through pre-registrations, as they continue to be a popular option for motorists.”


Ends
January 2016

*Total Cost of Motoring based on:
● City Car Sector
● 36-months ownership
● Registration date: 01 January 2016
● 10k per annum (total 30K)
● Top/Bottom 10 based on Monthly Cost of Motoring

Notes to editors:
hpi and cap are two of the most recognised brands in the motor industry. Cap is recognised as the leading provider of data and insight to the automotive industry. Its award-winning used car pricing and technical information has been trusted for more than 30 years.

Established in 1938, hpi is the primary source of vehicle information for the UK motor industry and motoring consumer. Hpi encompasses both the hpi database of all UK road registered vehicle descriptions and histories, and the National Mileage Register (NMR) which holds in excess of 200 million mileage readings.

The two brands create the only UK-based business with decision support data and software solutions spanning vehicle valuation, validation, collision and mechanical repair and total cost of ownership.

Both cap and hpi operate as part of the Solera Group of Companies. Solera is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. Solera is active in over 75 countries across six continents.

For more information contact:
Charlotte Hart, Madeleine Roles, Ally Redding or Justine Hoadley
HSL
Email: caphpi@harrisonsadler.com
Tel: 0208 977 9132

This press release was distributed by ResponseSource Press Release Wire on behalf of Harrison Sadler in the following categories: Consumer Technology, Motoring, Transport & Logistics, for more information visit https://pressreleasewire.responsesource.com/about.