Fleet News

Marketwatch: Diesel demand set to continue, says report

USED buyers are increasingly considering purchasing a diesel car, and fleets will be able to cash in on the escalating demand.

According to BCA’s newly published Used Car Market Report, 22% of respondents bought a used diesel car, up from 20% last year and just 15% three years ago.

BCA believes that the rising demand for used diesel cars shows no signs of slowing and mirrors strong sales in the new car sector, dispelling the concerns of some industry analysts that diesel residual values are set for a decline in the next few years as the number of new cars bought now have fewer buyers in the future.

The report found regional hotspots for diesel demand centred around the south-west, the North, Yorkshire and Humberside.

BCA’s director, customer affairs Tom Madden said: ‘The diesel market is exceptionally buoyant and the signs are that demand is going to be maintained at these high levels. Everyday buyers compete strongly for diesel product – particularly for the well-maintained, ex-fleet diesel in a good-specification and colour.’

Fuel economy is the most important factor for purchase among diesel car buyers. A massive 82% of respondents cited it as the key factor.

Second was reliability at more than 30%, although used buyers seem less interested in its environmental benefits, with 14% choosing diesel for this reason. Diesels account for 30% of all used car sales valued between £15-£20,000 and 35% over £20,000.

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