Diesels sell for up to a third more than petrol models
Diesel cars are reselling with a significantly higher price tag than petrol models, despite having clocked up more mileage.
The figures released by BCA show that in January 2011 the gap was as wide as it ever has been with diesel cars selling for up to a third more.
Tony Gannon, BCA’s Communications Director, said it was down to the popular belief that a diesel car will always outperform a similar petrol model.
He commented: “Research from BCA’s Pulse report on high volume ex-fleet and lease cars shows there is a clear and significant difference in average value at remarketing time – as much as £1,616 in January 2011 – equivalent to a 32.3% variance or nearly a third more on average.
“While diesel values are much higher, the BCA price trends always move in tandem and there are no instances of petrol values falling while diesel values are rising, for example. However, there are several instances where diesel values at BCA have climbed significantly more sharply than petrol values, as demonstrated in January of this year.”
“Another area where fleet and lease petrol and diesel diverge quite sharply is in the mileage at remarketing time. For petrol cars, it is around 30,000 miles; for diesel cars, quite often double that figure.”
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