Alot of people are switching back to petrol as well.
For the first time in 10 years I have got no diesel cars in the house.
Mercedes E320 estate (£75 to fill up and gives 400 miles average)
BMW M3 SMG (£65 to fill and gives 330 miles)
E30 325i (£55 to fill and gets about 200 miles, it gets ragged!!
)
Compare that with say an E320 cdi, doing the same driving I get 480 miles from it but it costs £85 to fill up.
So not much in it really between any of them.
If buying new the depreciation accounts for the real cost, both are crap, but the petrol looses more, buy at a year or even 3 years old then the petrol makes far more sense. I do 30k + miles a year and diesel still doesn't make sense for me, if I could live with a manual then yeah 45mpg would start to make more sense, but I want auto and it is not 45mpg, it is not even 40mpg, more like mid to low 30's for the derv, and with the price difference in fuel and the saving you can get buying a petrol car the petrol has become to winner for me.
I raved on about how smooty my 535d was, and how nice our S320cdi was for a diesel, but getting back in an E320 V6 petrol has made me realise how deluded I was!! Yeah they have come on leaps and bounds but they have a long way to go still.
I think as more and more people realise this petrol cars will start to hold their value better, however, we are talking about the UK public here so maybe not!