The average value of a petrol car sold on Autorader overtook the average value of a diesel car sold on the site in November for the first time.
This was one of the findings from the online car retailer’s Auto Trader Retail Price Index, which launched this month.
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Petrol car values increased by an average of £1,031 compared to November 2014 to £10,109, while diesel values fell by £124 to £10,008 over the same period.
The average price for an alternative fuel vehicle (AFV) in November was £21,510 – £1,324 above the average value 12 months earlier.
Autotrader said the rise in price for AFVs was the result of increasing demand and marketplace model mix.
Looking at the break down in model mix for AFVs, Karolina Edwards-Smajda, Auto Trader retailer and consumer products director, said, "One of the most interesting observations for the year-on-year November period has been the rise in market share of alternative fuel vehicles, giving the industry more insight into the UK’s growing appetite for electric and hybrid vehicles.
There’s been a big drive from most of the manufacturers to launch desirable alternative fuel cars which is set to grow further, only recently Ford announced its plans for large-scale investment into this area.
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By GlobalData"Despite the positive outlook for hybrid car depreciation, we are seeing very different trends with electric vehicles, as the latest data shows electric cars depreciating at much higher rates – especially within the first two years – losing value much quicker than hybrid, petrol and diesel cars."
In June, Glass’s found three of the worst 10 depreciating cars were electric, mirroring Auto Traders findings.
AFVs also saw the largest growth in market share, with a year-on-year growth of 0.36% to 1.12%. Diesel also grew its market share over the period, up 0.23% to 45.81%. Petrol remained the largest fuel type, despite a drop in popularity of 0.59%, year-on-year.
