Diesel residuals?

[k6chris]

How hard are the residulals of diesel cars being hit by the focus on all things EV? On one hand you see some cracking discounts but concerned about the residuals at the other end!!

[Jamescrs]

I think certainly there's a rebalancing of the market going on and people are now thinking more about what fuel is appropriate rather than blindly buying diesel as they did maybe 5 years ago.

The demonisation of Diesel isn't going to go away I don't believe either.

I think the discounts you are seeing on diesel cars are reflective of what will happen with prices at resale time.

[A500leroy]

IF your doing a decent mileage, not going through any cities and keeping it till its very old then id still buy one.

[Desiderata]

I live in a fairly remote area where diesel still makes sense for most people. What I've noticed is that while second hand diesels still seem to holding their values locally, they seem to be a lot cheaper if you look in city/congested areas. Quite a few of my neighbours have got pretty good deals by traveling for a second hand diesel.
Not sure if it's because of legislatory constraints on diesels in cities or practical problems caused by DPFs or its a perception thing.

[Pistonheader101]

[redacted]

[Jag_NE]

Our resident used car guru has said that demand for used diesels remains strong, in part I presume due to decreased supply but also because people aren’t idiots, if you are doing a half decent mileage a diesel is still a brilliant way to go about it. The reduction in new diesel sales headlines are quite misleading as a big part of it is due to plug in hybrids / EV’s being massively cheaper from a BIK perspective. Company car drivers are buying plug in hybrids and never charging them as they have a fuel card. Go figure.

[AmitG]

I live in SE London, and the (very reputable) used car dealer near me says that diesel demand in London is plummeting because of the upcoming ULEZ extension.

Basically, if you live within the area bounded by the North and South Circular roads (which is a massive area), any diesel that is not Euro 6 will soon require a daily charge to drive in the zone. According to this dealer, non-Euro 6 diesels are basically unsellable in London right now. And IMHO it is only a matter of time before London bans all diesel passenger cars.

I think that in the major cities (London, Bristol and whatnot) diesel demand will drop to zero pretty quickly. Personally, if I lived in a city I would not buy a diesel right now. If I lived outside a city then I would (if I wanted to).

[ZX10R NIN]

Non compliant diesel prices are being hit around London & the SE but compliant diesels are in strong demand.

[numtumfutunch]

AmitG said:

I live in SE London, and the (very reputable) used car dealer near me says that diesel demand in London is plummeting because of the upcoming ULEZ extension.

Basically, if you live within the area bounded by the North and South Circular roads (which is a massive area), any diesel that is not Euro 6 will soon require a daily charge to drive in the zone. According to this dealer, non-Euro 6 diesels are basically unsellable in London right now. And IMHO it is only a matter of time before London bans all diesel passenger cars.

I think that in the major cities (London, Bristol and whatnot) diesel demand will drop to zero pretty quickly. Personally, if I lived in a city I would not buy a diesel right now. If I lived outside a city then I would (if I wanted to).

Friends just inside the ULEZ have a Ford diesel bought not long ago because it was 'eco' as the governments tax policy told them so

Sadly for them it is not compliant with EU6

To put it mildly they are pissed off

On the other hand I have one kid at uni in Bristol and another on its way to London and have just bought a new BMW 530d on PCP for an absolute bargain price

Even if Bristol charge me £60/day at the start and end of each term Im still quids in
And in London its fine for the medium future too

Happy days

[dmsims]

Jag_NE said:

The reduction in new diesel sales headlines are quite misleading as a big part of it is due to plug in hybrids / EV’s being massively cheaper from a BIK perspective.

So much misinformation here - it's ridiculous

1. The proportion of plug ins / EV's is still small

SMMT Jan 2020 figures
BEV 2.7%
PHEV 3.2%

2. Only BEV's qualify for the proposed 0% BIK from From 6 April 2020

e.g. a PHEV with CO2 less than 51 and EV range of 30-39 miles is 10% BIK