REMARKETING: Which fuel's gold at auction time?
Date:
20 November 2014
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Author:
The residual value expert's view
There are regional differences when it comes to valuations between diesel and petrol, with the former tending to make more money in the Midlands and the North.
However, Rupert Pontin, Glass's head of valuations, says accurate information on regional price differences is difficult to pinpoint due to people buying online from all over the country.
As you would expect, cities and urban areas tend to prefer small petrol-engined cars for ease of use and whole-life costs.
The launch of new petrol technologies isn't impacting on the used car market yet, according to Pontin.
He says: "Low-capacity engines with higher output are becoming more common, although at this point reliability concerns are rife from a trade perspective.
"These engines tend to work hard and there are examples where they are shown to be asking too much of a small engine. Volkswagen Group struggled with this when it launched the 1.4TSi engine some years ago. Therefore, trade buyers are cautious of these engines at the moment."
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