Used diesel prices tumble
The average price of a used diesel car has fallen by 10.3% in the last two years.
Diesel car values dropped five per cent in 2017 and new data shows that slump continued through 2018 at a near-identical rate. However, according to analysis from Motorway.co.uk, used petrol prices increased 10% between the start of 2017 and the end of 2018.
Motorway.co.uk analysed two years of valuations for more than 130,000 used cars valued on its website, which aggregates live offers from popular online car buying websites and used car dealers. The study looked at trends over time for cars under five years old across all brands, and the two major fuel types – diesel and petrol.
Diesel prices fell five per cent a year in both 2017 and 2018, a total of 10.3% over the two-year period, representing a consistent downward trend. In real terms this represents a fall of £1,478 for the average used diesel. Meanwhile the average petrol price went up 10% from £8,912 at the start of 2017 to £9,807 by the end of 2018, an increase of £895.
