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UK Diesel Car Values Plummet ... By Up To 25%

Car Value

UK Diesel Car Values Plummet ... By Up To 25%

The price of second-hand diesel cars has dropped by as much as 26% in eight months, as motorists fear a Government crackdown.

Data from Motorway.co.uk shows the average value of diesel variants of most popular car models falls by 5.7 per cent between the first and third quarter of the year from £4,581 to £4,318.

It comes after the the Government announced a major crackdown on diesel engines and car manufacturers have launched scrappage schemes to encourage people to ditch older diesel cars and buy new "greener" models  instead. 

Vauxhall Corsas were the worst hit diesel cars, down 26.3%, while Astras dipped 17.7%. Audi A3s were down by 11.3%.

The best-performing diesel car was the Volkswagen Polo, which increased by just 1.5%, from £2,518 to £2,556.

Motorists are increasingly worried that diesels could become near-worthless in years to come as cities ban the dirtiest polluting vehicles.

Next month the mayor of London, Sadiq Khan, is introducing a £10 emissions surcharge – also known as the toxicity charge, or T-Charge – on top of the existing £11.50 congestion charge that is expected to hit around 10,000 pre-2006 cars, with diesels likely to be most affected.

Alex Buttle, director of Motorway.co.uk said: “Our analysis shows clearly that used diesel car prices are only going one way - and that’s down. “This year has already been a total shocker for diesel owners. And now that most major manufacturers have launched diesel scrappage schemes, it doesn’t look like it’s about to get any better.

"Diesel cars are really starting to look like white elephants. We are now seeing savvy motorists choosing petrol, electric or hybrid used cars over diesel, and that’s already reflected in the value of second hand petrol vehicles starting to rise. That said, for those purely after cheap deals, it is definitely ‘bargain bucket bonanza’ time in the used diesel market.”