Used diesel values have dropped by more than 10% since 2017, as demand shifts towards petrol models.
Demand for used diesel cars has remained strong in the first quarter of 2018, driving conversion rates at auction.
Average used values of used cars at three years/60,000 miles dropped 1.5%.
Britain’s Brexit decision could provide a boost to the used car sector at the expense of new car sales, according to Startline Motor Finance.
The pace of decline in used values is accelerating, with prices in May falling 1.9% so far.
The average selling price for part-exchanged cars sold by Manheim in October increased by 5.2% (£177) year-on-year.
Average used values dropped by 2.2% with an expected seasonal slide, according to the latest figures from CAP.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
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