The diesel car market could be set for a resurgence as ultra-efficient Euro 6 cars become increasingly available in the used car market.
This is according to Shoreham Vehicle Auctions (SVA), which revealed that a growing number of Euro 6 standard vehicles are finishing their lease contracts and entering the used market. The firm believes that despite the slightly higher price, Euro 6 vehicles are providing the market with good quality low emission motoring and vehicle life ownership.
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Alex Wright, managing director of SVA, said: “Despite the tipping point having arrived for EV vehicles, we will see the diesel market recover and, due to the reduction in new diesel sales, the pendulum will swing back to increased demand in the second-hand market.
“The new generation of petrol owners in an SUV will realise the extra running costs versus diesel, and when the green light is given by the government that these new generation diesels are actually helping the country reduce CO2 and NOx emissions, it will be accepted as a ‘green’ solution until EVs fully establish themselves. We must remember that petrol powertrains’ generate CO2 and NOx emissions too and, arguably, have progressed less than diesels in recent Euro standard iterations.”
The diesel market has faced significant backlash since the VW scandal emerged in 2015. However SVA pointed out that since September 2015, all diesels sold in the UK have had to be Euro 6 compliant. These ultra-low emission vehicles are recognised as some of the most fuel-efficient vehicles available today.
“Despite the momentum behind electric vehicles, there is going to be a resurgence in demand for ultra-low emission diesel powertrains,” explained Wright. “These vehicles will sit alongside EVs and ultra-efficient petrols as part of the solution in reducing emissions and improving urban air quality.”
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