RECENT reports in the national press claimed that some diesel values have fallen by up to 25 per cent, marking the collapse of prices. Yet these claims are unfounded, as the numbers don’t add up.
Our own insight shows diesel values only falling by two per cent more than usual so far this year. Diesel models are still on sale on forecourts around the UK, so don’t expect that to change.
Close examination of the data reveals that diesel values have fallen by around eight per cent in the first nine months of the year. That’s around an extra £185 on the average three-year-old VW Golf.
Analysis of depreciation from January to September 2017 indicates that while diesel suffered slightly, the petrol sector picked up throughout 2017. The data shows petrol vehicles have seen record low depreciation in recent months.
On average a three-year-old diesel car has depreciated by 10.5 per cent since the start of the year, compared with the historical seasonal expectation of 8.5 per cent. Cars devalue over time – there’s no escaping that fact, and while diesel has received some bad publicity, it’s still here to stay. In fact, diesel depreciation in the past two months has been slightly better than average for the time of year.