The fall in the pump price of diesel has boosted used car values by more than \u00a3200 more than petrol models, according to research by Manheim.<\/p>\n
Manheim said the fall in the price of diesel below that of petrol in late July resulted in the increase in average used values of diesel cars in August. \u00a0Its research showed that while values of petrol cars in the used market rose by 1.1% (\u00a337.97) in August, compared to the first six months of the year, the prices of used diesel cars were up by 3.1% (\u00a3242.44).<\/p>\n
\u201cAlthough there are many variables around prices changes, including volume mix, age and mileage, it appears that the fuel price drop \u2013 the first time diesel has been cheaper than petrol since 2001 \u2013 may have already had an impact in the used car market,\u201d said Michael Buxton, CEO of Manheim UK.<\/p>\n
\u201cThe average diesel car sold by Manheim was two months younger than in the previous month, with the average petrol car only being one month younger. However, the volume mix swung 0.6% towards diesel cars in August, which may have negated any residual value benefit from vehicle age.<\/p>\n
\u201cAs we enter the new 65-plate registration period, it will be interesting to see whether the fuel price difference has any impact on new vehicle registrations, and whether we continue to see this trend reflected in the used vehicle market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"