A new report shows the top 10 cars that have retained their value best from their original list price three years ago.

The vehicle valuations authority, Glass, revealed the car that had retained the highest value, at the top of the list, was the Volkswagen Tiguan (168bhp) SE 4Motion 5d 0 with a 68 percent residual value, and a £2,394 average annual depreciation of £2,394.

In second place came the MINI 1.6 Cooper 3d, 65.9 percent with a depreciation of £1,462, followed by the Honda CR-V 2.2 CTDi (138bhp) SE 5d, 64.3 percent with a depreciation of £2,356.

“Whilst the nation is in the grip of austerity measures and cost-cutting, it seems that used car buyers are opting to pay the highest prices – relative to original list price – for cars that reflect their chosen lifestyle and image,” said Adrian Rushmore, Glass’s managing editor.

Seven out of ten of the top 10 places were occupied by 4×4s or SUVs which have shown, despite fuel price hikes, that their car parts have performed well in the used car market.

Superminis meanwhile did not feature at all on the top 10 list due to the Scrappage Scheme coming to an end meaning demand exceeded supply so buyers opted for a used model instead.

The average trade value in the top 10 list was £16,500, making the retail selling price close to the £18,500 figure.

Following the top three places the list continued:

4^th Land Rover Freelander 2 GS Td4 auto

5^th Audi Q7 3.0TDI (237bhp) Quattro S Line Tip

6^th Land Rover Discovery 3 2.7 TD (190bhp)

7^th Audi TT Coupe 2.0T FSI (197bhp)

8^th Nissan Qashqai 1.6 (113bhp) 2WD Visia

9^th Land Rover Range Rover 2.7TD Sport (187bhp) S Auto

10^th Audi A5 2.7 TDI (187bhp) Sport Coupe Multitronic

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