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Used diesel prices steadily rising, says BCA

Demand for diesels remains strong in the wholesale sector, with average values having climbed steadily over the past year.

Diesel cars averaged £9,003 at BCA in February 2020; up 2.8% year-on-year

Latest data from BCA Valuations shows diesel cars averaged £9,003 across the board in February 2020, a year-on-year improvement of 2.8% (£246) despite average age rising from 72 to 77 months (+ 6.9%) and mileage increasing from 68,389 to 70,246 (+2.7%).

Stuart Pearson, BCA’s COO UK remarketing, said: “Demand for diesel in the used sector has remained strong and, for many used car buyers, diesel will remain the preferred choice of fuel type as it offers great economy and typically lower running costs. Professional buyers at BCA are bidding strongly across the range of vehicles on offer with age, condition, specification and mileage continuing to be the overriding factors that determine price.

BCA average diesel car sale prices show a general upwards trends from January 2019

“Overall, average diesel prices at BCA are rising steadily, largely as a result of the high-quality stock we offer but also underlining that trade buyers continue to see a profit opportunity in diesel product.”

He added: “There will continue to be demand for diesel in segments where it makes sense such as SUV and 4×4, and as Clean Air zones are announced in cities around the UK, we expect to see demand rise for those exempt vehicles with the latest clean diesel technology.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.