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Motors: Super saving; Mini prices are down by pounds 1,000.

THE average cost of the UK's favourite superminis is continuing to fall and even some family models are down by more than pounds 1,000. Latest figures from Glass's New Car Market Trends report show that last month the average list price of superminis such as the Ford Fiesta, Volkswagen Polo and Vauxhall Corsa went down by a further 0.3%.

This represents a further saving of pounds 27 year-on-year and follows similar reductions throughout the year.

The greatest list price fall of all was on the Seat Toledo 1.9 TDI PD Stylance, which had a cut of pounds 1,055 to pounds 14,342.

However, in other sectors, prices of new models rose while their second-hand values fell, making nearly-new models the greatest bargains of all. List prices of compact MPVs rose at a faster rate than those of any other new car sector during July, up by 3.1% year-on-year compared to a market average rise of 1.7%.

A number of the compact MPV sector's best selling vehicles have had list price increases in recent months. Models in the Ford Focus C-MAX and Renault Scenic ranges increased by pounds 200 and in the Vauxhall Zafira range some prices were up by pounds 400The list price of the average compact MPV will also have been affected by the arrival of the new Mazda5, which has a higher starting price than the outgoing Premacy.

While prices of new compact MPVs are climbing, their residual values appear to be heading in the opposite direction, albeit slowly. EurotaxGlass's reports that during the second quarter of the year the residual values of the average three-year-old compact MPV fell 4.8% or pounds 275.

The higher rate of depreciation largely reflects the greater numbers of compact MPVs now available.

List price inflation was again above average in the compact family car sector with models like the Vauxhall Astra and Toyota Corolla up 2.9 per cent, yearon-year or equivalent to an additional pounds 361


VALUE: The greatest list price fall of all was on the Seat Toledo 1.9 TDI PD Stylance, down to pounds 14,342
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Title Annotation:Features
Publication:Liverpool Echo (Liverpool, England)
Date:Aug 9, 2005
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