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Diesels "readily available" for car loans customers

The price of used cars could be rising in line with higher fuel costs, according to a new study by one UK auctioneer.

The price of used cars could be rising in line with higher fuel costs, according to a new study by one UK auctioneer.

A survey conducted by Manheim has revealed that used cars prices in August this year were on average £444 more than the same month in 2006, according to Auto Express.

The figures, which considered ex-fleet models across the UK, also revealed that supply and demand for diesel vehicles was steady and that the cars were more readily available than ever before.

A spokesman for Manheim said: "In overall terms, diesels are averaging 38 per cent of their cost new, while petrol cars are selling for 33 per cent of their original price."

The figures also revealed that car finance customers looking for an ex-fleet diesel car should expect to find that their vehicles would have an average 20,000 extra miles on their clock than petrol-powered cars.

"This confirms the view that demand for used diesels is keeping pace with the additional sup­ply which is coming to the market," the spokesman added.

Last week it was also revealed that the average price of diesel in the UK had reached a record high of 99.95 pence-per-litre.


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