Diesel demand remains strong says BCA

New insight from BCA Valuations underlines that demand from professional buyers for diesel product remains strong in the wholesale sector.

Average values for all diesel vehicles climbed steadily over the past year, averaging £9,003 across the board in February 2020, a year-on-year improvement of £246 (2.8%) despite average age rising to 77 months (+ 6.9%) and mileage increasing to 70,246 (+ 2.7%).

Year-on-year table: All diesel cars

* Source: BCA Valuations

Stuart Pearson, BCA’s COO UK Remarketing said: “Demand for diesel in the used sector has remained strong and, for many used car buyers, diesel will remain the preferred choice of fuel type as it offers great economy and typically lower running costs.   Professional buyers at BCA are bidding strongly across the range of vehicles on offer with age, condition, specification and mileage continuing to be the overriding factors that determine price.”

“Overall, average diesel prices at BCA are rising steadily, largely as a result of the high-quality stock we offer but also underlining that trade buyers continue to see a profit opportunity in diesel product.”

He added “There is a complex and evolving picture in the wholesale sector, and sellers should look to real-time data to inform remarketing decisions. BCA Valuations is the only platform that provides an immediate and detailed view of market performance based on actual auction prices and is helping our vendor customers to value their vehicles in line with market sentiment.”

Pearson said: “There will continue to be demand for diesel in segments where it makes sense such as SUV and 4x4, and as clean air zones are announced in cities around the UK, we expect to see demand rise for those exempt vehicles with the latest clean diesel technology.”

* Source: BCA Valuations