The Fiat 500 has cemented its reputation as an award-winning vehicle by picking up another industry accolade: Used Car of the Year.
The city car was awarded the title at the AM Awards in Birmingham last week with judges highlighting its popularity with customers as both a new car and used vehicle.
Jeremy Bennett, editor at AM, said: "Demand for the car is still strong, ensuring 500s only share brief encounters with dealer forecourts before being whisked away to customers looking for fun in a cute and funky little package."
He added that the model depreciates very slowly for a small car, with part exchange values at £4,500 and £5,000 after three years depending on the model.
The popularity of the car as a second hand model may see many people searching for Fiat car parts online as they look to breathe life into older versions of the popular motor.
Speaking after the award was handed out, Jonny Miller, group remarketing manager at Fiat Group Automobiles UK, said the car's appearance, reliability and fuel efficiency have all made it a must-have vehicle and helped ensure that values remain high.
Since its launch in 2007, the Fiat 500 has won a string of awards, including Best City Car in the 2011 Fleet World Honours, 2009 World Car Design of the Year, 2010 "What Car? Green Car of the year in the supermini category and Auto Express: "Best City Car" 2009.
The new Fiat 500L model is set to hit forecourts in the not too distant future and the car will get its world preview on March 6th at the Geneva Motor Show.
The 'L' model, which stands for large, is a more spacious car and aims to merge the practicality for larger cars with the trendiness of the previous Fiat models.