The Fiat 500 metropolis automobile’s persistently sturdy worth as a used car has secured it an historic total win in Cap HPI’s first ever data-driven Used Automotive of the 12 months Awards.
The inexpensive Italian hatchback landed the used automobile valuations professional’s high accolade after securing victory in its ‘metropolis automobile’ class, with Mercedes’ V-Class MPV gaining a Extremely Recommended award because the German carmaker joined Toyota in every touchdown a brace of class wins within the inaugural occasion.
Trophies at the moment are being etched to formally recognise the extended attraction of OEMs’ award-winning fashions within the awards run in partnership with AM and its sister title Fleet Information.
Cap HPI’s award winners had been decided by residual worth efficiency linked to new automobile registration volumes to make sure they reward market section winners that “really carried out the very best” over the course of 2022.
And Cap HPI director of valuations Derren Martin mentioned: “There have been some really spectacular performances in there and it’s nice to see the profitable vehicles, that the market knowledge dictates are the very best on the market, gaining awards.
“The Fiat 500 represents nice worth to consumers and its win within the inaugural Cap HPI Used Automotive of the 12 months awards is testomony to its fixed attraction amongst consumers trying to find an inexpensive metropolis automobile.”
Right here is the total record of class winners and the rationale for his or her win:
Metropolis Automotive class and total Cap HPI Automotive of the 12 months winner – Fiat 500
Defies its age – an iconic 15-year-old mannequin, which continues to be probably the most registered within the sector and persistently delivers good used worth efficiency.
Supermini – VW Polo
The very best mixture within the sector of used worth efficiency overcoming excessive registration volumes. Means forward of its closest quantity rivals by way of 12 months over 12 months proportion worth motion.
Decrease Medium – Toyota Corolla
Rising new automobile registration volumes haven’t stopped this mannequin recovering from earlier powerful occasions by way of used values.
Higher Medium – VW Passat
One of many high fashions within the sector nonetheless you take a look at the info – fights off quite a lot of main rivals to safe first place.
Government – Mercedes-Benz E-Class
A troublesome selection between this and its main rival, however simply edges the choice on account of superior 12 months over 12 months worth efficiency throughout the vary of various physique kinds and gas sorts.
MPV – Mercedes-Benz V-Class
Report-breaking will increase in used values fuelled by unbelievable demand throughout the restoration from the pandemic. A transparent selection regardless of low new automobile volumes.
SUV – Toyota C-HR
Sturdy performer in an extremely aggressive sector, primarily pushed by used worth efficiency of the favored hybrid model.
Battery Electrical – Hyundai Kona
A longtime BEV mannequin which has been much less affected by market actions throughout This autumn 2022 and ended the 12 months exhibiting 12 months over 12 months inflation in any respect ages.
Cap HPI mentioned the methodology enabled it to find out which fashions had carried out the very best by way of used values, with out giving undue weight to autos that are solely accessible in very low volumes.
The awards launch is available in a 12 months that noticed used automobile values stabilise after a file 29% rise in 2021.
In 2022 Cap HPI’s knowledge confirmed that the typical used automobile declined by simply 3.1% in worth at its benchmark three years, 60,000-mile benchmark.
The interval ended with a extensively publicised decline in used electrical car (EV) values, as manufacturing volumes started to get well, and client demand softened on account of rising power payments.
Martin mentioned: “The crew at Cap HPI spend day-after-day analysing stay market knowledge to ship probably the most correct car valuations to the market and we predict there’s actual worth in crunching the numbers to run an annual awards occasion.”