Rising demand for diesel vehicles within the used automotive market is pushing up costs.
Diesel costs rose by 5.1% (£891) from £17,462 in Q2 to £18,353 in Q3, their highest value since Q1 2022.
In accordance with Autorola, this value rise got here regardless of common age and mileage rising to 43 months and 33,343 miles in Q3, as older vehicles proceed to enter the wholesale market following contract extensions brought on by new automotive provide issues in 2022.
Quarterly used diesel volumes continued to fall – accounting for 15.5% of all used vehicles Autorola bought throughout Q3, a fall from 19.5% in Q2.
Hybrid gross sales in the meantime rose to 14.3% in Q3 in opposition to 12.8% in Q2 whereas petrol remained the dominant gasoline kind, accounting for 66.5%, an increase of two.9% from Q2. EV market share nonetheless fell to three.5% in Q3 from 3.9% in Q2.
“Dealer demand for some diesel models is exceeding supply which is pushing up prices,” mentioned Neil Frost, Autorola UK nation supervisor.
“Autorola’s diesel gross sales have slipped from 33.1% to fifteen.5% within the house of three years and are set to fall even additional over the following yr or two.
