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Mini holds its own in used market

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The Mini brand seems as popular as it was when it first appeared on roads 50 years ago with figures showing the BMW version continues to hold its value on the second-hand car market.

Research by British Car Auctions (BCA) shows BMW's innovative new design is managing to hold its appeal. This could be due in part to a move by struggling car owners to scale down from gas-guzzling saloons to nippier run-abouts in a bid to save on petrol costs and car insurance.

Sales figures from BCA show newer models going for more than 70% of their original cost, with one 2007, 07-plate Cooper 1.6 petrol manual recently selling for £9,221.

And even older versions are still doing well in auction. One example from BCA put a seven-year-old 51-plate Cooper manual at £4,750, or 42.4% of its new price.

BCA's PR manager Tim Naylor said: "The Mini has great character and massive appeal. The car is genuinely aspirational for a wide range of drivers of all ages."

© Press Association 2009