Used diesel prices on the rise despite diesel bashing
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Whilst supply from the new diesel car market restricts volumes entering the used market, demand from consumers remains strong, according to Indicata. The result of restricted supply and consistent consumer demand has helped ensure that net used diesel prices are rising in three of the top five markets in Europe, the Autorola Group company says.
In Germany, for example, Indicata intelligence shows that used diesel car prices were up 2.8% on average in Q2 2019 versus Q2 2018. Online B2C used diesel car prices rose two per cent over the first seven months of 2019, compared to a 3.5% fall in average used petrol car prices.
In Italy too, a 4.7% increase in used diesel sales for the first seven months of 2019, compared with the same period in 2018 took diesel used car market share from 68% to 68.3% this year.
Average online B2C used diesel car prices were also up in France (3.1%) for Q2 2019 compared to the same period in 2018 with petrol prices falling by 6.4% in the first seven months of 2019.
Still, across the Channel, average used diesel car prices fell by 1.1% in Q2 2019, year-on-year, whilst used petrol car prices jumped up 3.6% in the same quarter in the UK. In Spain, used diesel car values across the J and B segment diminished too, with only the C segment showing any sign of improvement.
Jurgen Klaus, Autorola Group’s Indicata global sales director said: ‘This type of insight that we get from Indicata data is absolutely key to anyone managing vehicle asset portfolios.'
Less stock days
According to Autorola, n the Netherlands the number of days a used diesel vehicle remains in stock has dropped considerably and now equals the number of stock days of a petrol car. Considering the current export en import flows, they forecast a shortage of used diesels.
"A lot of used diesels have been exported to Southern Europe. In countries such as Spain and Portugal the diesel issue is much less important in the market than in Germany or the Netherlands, where LEZ are being put into place. As a result, far fewer new diesels have been registered in recent years, which means that even now there is so little supply that scarcity has arisen in the Netherlands. Companies are now increasingly looking for diesel cars abroad," Frank Tanke, country manager Autorola Netherlands told Automotive Online.
The outlook of diesel and the powertrain shift will be explored in depth during the Fleet Europe Remarketing Forum in Estoril on November 6. Last tickets on sale now!