{"id":99,"date":"2019-02-22T11:50:09","date_gmt":"2019-02-22T11:50:09","guid":{"rendered":"https:\/\/www.andyrussellmedia.co.uk\/?p=99"},"modified":"2019-03-14T10:20:39","modified_gmt":"2019-03-14T10:20:39","slug":"supply-and-demand-price-boost-with-shortage-of-used-diesel-cars","status":"publish","type":"post","link":"https:\/\/www.andyrussellmedia.co.uk\/blog\/supply-and-demand-price-boost-with-shortage-of-used-diesel-cars\/","title":{"rendered":"Used diesel car price boost due to supply and demand shortage"},"content":{"rendered":"\n

Mrs R drives a diesel car and, like so many other owners,\nis getting gloomy about how much it is going to be worth when the time comes to\nupgrade it.<\/p>\n\n\n\n

Since the diesel debacle, fuelled by some dodgy data by\nVolkswagen which woke the world up to nitrogen oxides which can cause breathing\nproblems, more and more motorists are being driven away from the black fuel\npump.<\/p>\n\n\n\n

Add some sensational national newspaper headlines, basically telling people to avoid buying diesel cars, and it\u2019s no wonder sales plummeted.<\/p>\n\n\n\n

December marked the 21st<\/sup> consecutive month of\nfalling sales despite the latest Euro 6 diesels, many of which use AdBlue\nstored in a separate tank, being ultra clean. AdBlue, injected into the flow of\nexhaust gases, turns into ammonia and carbon dioxide and reacts with the harmful\nnitrogen oxide, transforming it to harmless nitrogen and water.<\/p>\n\n\n\n

But, for many motorists, the myth is that all diesels are\ndirty so, while last year\u2019s UK new car market was 6.8% down on 2017, the diesel\nsector declined 29.6% from 1,065,942 registrations in 2017 to 750,165 last year\n\u2013 a 31.7% share of the total sales market compared to 62.3% for petrol which\nmeans petrol now outsells diesel by two to one.<\/p>\n\n\n\n

But every cloud has a silver lining, in fact it\u2019s a\nlittle ray of sunshine that could have some diesel owners beaming with relief\nwhen it comes to time for upgrading their wheels and moving their old motors\non.<\/p>\n\n\n\n

The average used diesel has lost 10% of its residual sale\nprice from the beginning for 2017 to the end of 2018 while petrol models are\nshowing a comparable price rise.<\/p>\n\n\n\n

While new diesel sales have slumped, the used market has\nheld up well so diesel owners could benefit from this supply and demand.<\/p>\n\n\n\n

New diesel sales have dropped so fast that the Vehicle\nRemarketing Association (VRA) now believes it could soon mean shortages of good\nused stock to meet demand because half a million fewer new diesels have been\nsold in the UK over the two years since \u2018Dieselgate\u2019.<\/p>\n\n\n\n

By not owning the car from new, used buyers aren\u2019t so affected\nby depreciation. Instead they buy diesels because they are economical, ideal\nfor high mileages – when they are working most efficiently – and make good tow\ncars.<\/p>\n\n\n\n

So it could even be the case that certain good, quality\nused diesels, especially Euro 6 models, carry a price premium, especially where\nthey boast considerably lower running costs than the petrol equivalent.<\/p>\n\n\n\n

After two years of diesels getting a bad press, that is\nsome good news diesel car owners will really value.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mrs R drives a diesel car and, like so many other owners, is getting gloomy about how much it is going to be worth when the time comes to upgrade it. Since the diesel debacle, fuelled by some dodgy data by Volkswagen which woke the world up to nitrogen oxides which can cause breathing problems, … <\/p>\n