Diesel car values remain stable

Dealer Auction sees diesel car values remain stable

Dealer Auction, the UK’s largest trade-to-trade online auction, saw the average selling price of diesel cars in May remain stable year-on-year at 99.9% of the figure recorded a year ago.

The volume of diesel vehicles sold on the online auction platform increased by 29% year-on-year, with more than 3,000 sold by Dealer Auction in May, but the average selling price fell by just £5 per vehicle.

Kieran TeeBoon, operations director of Dealer Auction, said: “Despite diesel cars continuing to face negative media attention and the spotlight of the government and other authorities, our data indicates that demand for diesel cars is remaining stable. The uncertainty surrounding them is not putting dealers off stocking them, and does not appear to be putting consumers off buying them in the used market.”