Automotive data and valuation expert hpi has compiled a car market analysis for motorists who are faced with making the decision of whether to choose a petrol or diesel car.
There is no right or wrong answer when choosing a petrol or diesel car. With so many variables across the whole vehicle sector ranging from the class of vehicle to driver usage having an impact on values, some options will be more suitable for some motorists than others.
Examples of average vehicles at three years old and 60k miles:
- A petrol city car valued at £12,339 when new will have an average depreciation of £7,693 compared to £9,151 with a diesel city car.
- A petrol SUV priced at £27,995 when new will have an average depreciation of £15,751 compared with a diesel SUV of £18,916.
- A petrol executive car priced at £42,472 will have an average depreciation of £25,908 compared to £24,519 for a diesel executive car.
- A petrol upper medium car priced at £30,265 when new will have an average depreciation of £18,661 compared to £19,853 with an upper medium diesel
- A £20,715 petrol MPV will have an average depreciation of £13,503 compared to £15,736 with a diesel MPV
James Dower, used car specialist at hpi, said, “For any motorists looking to buy a car hopefully our analysis will prove useful in helping to make up their minds.
“Choosing a vehicle that meets your driving needs is essential and it is equally important to remember that fluctuations in used car values are based on a wide range of factors. Consumer sentiment will influence demand and this will play a factor in the value a few years down the line. The supply of a particular model also plays a major role and values will be impacted by availability in the market.”
