Kia’s small city cars are best buy for losing least

Do you want to put your money in a safe place? Well, according to Parker’s 2010 Cost of Motoring survey you couldn’t do better that buy a Kia Picanto or Rio.

Parker’s, the biggest online car guide, have rated the Kia Picanto top of the list for the lowest depreciation in the first year of ownership with the Kia Rio placed second, losing just £1,247 andn£1,642 in the first year. With strong pricing, high levels of specification and that industry leading seven year fully transferable warranty sales of both cars have exceeded expectations in 2010 – even with scrappage finishing in May.

“A car with low depreciation is great news for its owners especially in these tough economic times. The Kia Picanto and Rio have performed brilliantly thanks to low purchase prices and losing the least amount of money over a year. The addition of an extensive warranty only further helps owners with peace of mind,” says Kieren Puffet, Editor Parkers.

Yaser Shabsogh, Sales Director at Kia Motors UK Ltd., said “We are immensely proud of the Picanto and Rio, sales have been strong for both cars in 2010 with Picanto finding 16,541 new homes.”

He continued “In the current climate people are watching their pennies, so finding a car that holds its value is top of the list and Picanto and Rio fit the bill perfectly”