Petrol vs diesel residuals

Discussion in 'Insurance & Finance' started by Mr slow, Mar 2, 2017.

  1. Mr slow

    Mr slow Active Member

    Messages:
    63
    Joined:
    Feb 18, 2016
    Location:
    Orkney Islands
    Car:
    C200 sport premium
    Question for any dealers or those in the trade.... with all the talk about those nasty diesel cars in the papers, has anyone noticed a rise in demand for petrol cars yet or has the media scaremongering fallen on deaf ears given diesels torque and economy. Not thinking of changing the motor anytime soon, just curious.;)
     
  2. renault12ts

    renault12ts MB Club Veteran

    Messages:
    15,605
    Joined:
    Mar 5, 2009
    Car:
    2005 W215 CL500.
    I think the value of petrol V8s is about to rise...:D:D:D
     
  3. splitpin

    splitpin Hardcore MB Enthusiast

    Messages:
    274
    Joined:
    Aug 25, 2004
    Honest John declares that "everyone is buying petrol cars" now (May 2017)

    You are a long way up in Scotland :D
     
  4. MikeInWimbledon

    MikeInWimbledon Hardcore MB Enthusiast

    Messages:
    1,786
    Joined:
    Nov 8, 2014
    Car:
    S211 E350 (previously S500, E500, SL350, SL500, S500, E55)
    Even the March SMMT stats show an annualised shift to petrol

    The March SMMT stats show a tangible (10%) annual shift to petrol for new registrations, and that's BEFORE the latest Bruhaha has converted to changed buyer behaviour, with Diesel remaining essentially static.

    But obviously there will be all kinds of variances in different product segments. You can imagine that higher mileage commercials will be slow to change, and that low mileage Yummy Mummies will be the first to shift - for all the obvious reasons

    Here's the stats:

    https://www.smmt.co.uk/2017/04/records-tumble-as-march-uk-new-car-market-hits-all-time-high/
     
  5. markjay

    markjay MB Club Veteran

    Messages:
    21,938
    Joined:
    Jun 24, 2008
    Location:
    London
    Car:
    W204 C180 Executive SE 2013 Automatic / COMAND NTG4.7 and Morel speakers fitted by www.comand.co.uk
    I suspect it will also differ depending on location, with the London area affected first.
     
  6. MikeInWimbledon

    MikeInWimbledon Hardcore MB Enthusiast

    Messages:
    1,786
    Joined:
    Nov 8, 2014
    Car:
    S211 E350 (previously S500, E500, SL350, SL500, S500, E55)
    There will be a trickle down effect....

    As we can see from the stats, the fleet market is a large percentage of new car sales but less than 20% of all cars on the road. As the fleet market changes, there's a time-lagged effect on used car availablility.

    Put simply, people buy diesels at 3 / 6 / 9 years old, at the moment, because the fleet market bought them 3 / 6 / 9 years ago. in the future, there will be "slightly" more (10% at the moment) petrol cars out their to be sold on.
     
  7. MikeInWimbledon

    MikeInWimbledon Hardcore MB Enthusiast

    Messages:
    1,786
    Joined:
    Nov 8, 2014
    Car:
    S211 E350 (previously S500, E500, SL350, SL500, S500, E55)
    Future tax effects

    The current Diesel car bias in the UK is purely the result of Gordon Brown's reshaping of the tax structure on cars and diesel back in 2001.

    https://www.theguardian.com/busines...rong-to-subsidise-diesel-says-former-minister

    It's highly likely that the incoming government will change the taxes and Tom and Dianne (other politicians are available) change policy to raise taxes and address pollution in Cities, pulling back Gordon's policies.
     
  8. Delayed Steve

    Delayed Steve Hardcore MB Enthusiast

    Messages:
    374
    Joined:
    Oct 30, 2015
    Location:
    Cheadle Stoke on Trent
    Car:
    2016 C200 coupe
    People buying secondhand don't have any choice but to buy diesel in a lot of cases,mainly due to fleet sales in previous years. I don't think it's fair to punish people who can only afford to buy secondhand.
    The only way I can see to solve this problem is to make it more expensive to buy new diesels .
     
  9. magpiemalemerc

    magpiemalemerc Active Member

    Messages:
    94
    Joined:
    May 28, 2017
    Location:
    northants
    Car:
    C-class AMG premium line
    to be honest so long at a car has passed stringent tests prior to being sold I cannot see the point hitting on diesel's.Tomorrow it'll be something else to hit on the problem is people who do next to no miles getting diesels and causing more pollution seeing as a diesel does not reward you until the engine is hot unlike a school run.
     
  10. clk208

    clk208 Hardcore MB Enthusiast

    Messages:
    1,039
    Joined:
    Feb 14, 2009
    Location:
    NW
    Car:
    CLS
    Basic spec C and E class diesels are still being offered on contract hire 24m deals for sub £300pm with crazy high mpg and no risk to the hirer as they just hand back at the end of the deal.

    Hence they will still be shifting quite a lot of these I imagine.
     
  11. OP
    OP
    Mr slow

    Mr slow Active Member

    Messages:
    63
    Joined:
    Feb 18, 2016
    Location:
    Orkney Islands
    Car:
    C200 sport premium
    Interesting comments

    Thanks for your thoughts guys, I bought a petrol car because of, mostly, low mileage trips up in the Orkney islands. A lot of petrol cars locally as dpms get killed here. Notice more people at the green pump!
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.