Continuing rise in used diesel car prices reported
06 October 2021
Author: Sean Keywood
Used diesel car prices have increased for the third consecutive quarter, according to remarketing firm Autorola UK.
It said the average price of a used diesel car rose from £16,729 in Q2 to £19,758 in Q3, an 18.1% increase which came despite average age and mileage increasing to 34 months and 26,202 miles.
So far in 2021, the total price rise has been £4,989, which Autorola has contrasted with registrations of new diesel cars falling by 43.8% so far this year according to Society of Motor Manufacturers and Traders figures.
Autorola UK group sales director Jon Mitchell said: "With diesel new car sales falling dramatically every month it won't take long before demand exceeds supply.
"The fewer diesels in the market the more prices will increase, until such time as diesel fuel is unavailable which looks unlikely anytime soon.
"There is still a big sector of the driving community that is not ready to go electric or even hybrid, particularly when they cover higher annual mileages or drive large SUVs. Rather than used diesel prices falling in the future we believe they will continue to rise."
Overall, Autorola said that average used car prices were up by 19.8% during Q3, to £16,989.
Hybrid cars volumes doubled, and prices rose by £5,677 to £23,268, which Autorola attributed to average age and mileage falling by six months and 7,000 miles.