Your old diesel is actually worth MORE than it was 12 months ago – despite war on toxic fuel
Diesel drivers have been attacked with new taxes and restrictions for their motors over the last 12 months. But surprisingly, their motors are actually worth more than they were a year ago
DESPITE the current war on "toxic" motors, the average price of second-hand diesel motors actually rose in 2017.
Data collected on the value of used cars revealed the sale price of old diesels saw a two per cent growth last year.
According to 's Retail Price Index, the average price of a used diesel in December 2017 was £13,944, up just over £270 since the same time in 2016.
The rise follows a 17 per cent decline in new diesel car registrations over the last 12 months, with heavy tax hikes warding off potential new diesel drivers.
Despite the price hike, there was still a 27 per cent drop in the search rate for diesel cars.
That means you might struggle to shift your old diesel - but if you do manage to sell it, you'll still get a decent price for it.
Toxin taxes have caused a decline in the number of new diesel car registrationsAnd owners of petrols can rejoice, too, as second hand prices soared by seven per cent.
The average sale price for a petrol was £9,471 with searches for the fuel up by 28 per cent.
Electric and hybrid searches also increased - by 65 per cent - as Brits considered second hand eco cars.
Karolina Edwards-Smajda, Auto Trader’s retailer and consumer product director, said: “It’s extremely heartening to see that despite the ongoing economic uncertainty surrounding Brexit and the negative tone of the fuel debate, used diesel prices are retaining their value.
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"The Government’s demonisation of diesel really isn’t helping to build consumer confidence, and nor is it justified as many modern Euro 6 engines are less harmful than their petrol equivalents.
"Diesels remain an excellent option for many motorists, particularly those that drive long distances and are looking for the efficiency only a diesel can offer.
"During the months ahead, the market would greatly benefit from the government changing the focus of the fuel debate to be less anti diesel and more pro electric.”