What does the decline in diesel mean for the car industry?
In December 2017 we spoke about how new car sales were falling, and how this has affected the car sales industry. Fast forward a few months to March 2018 and it’s hard to get away from the fact that this decline is still very much in full force.
Although most of us have spent our March avoiding the onslaught of snow that wreaked havoc on the UK; the new 18 plates have also made their appearance. Year on year (YoY) figures show that new car registrations are down 2.8% according to the Society of Motor Manufacturers and Traders (SMMT); not only this, but the demand for diesel cars further spirals, as it fell by 23.5%.
There’s light at the end of the tunnel
Despite the fact that diesel cars are well and truly falling out of favour due to the uncertainty over their potential ban, petrol cars saw a rise of 14% in February (YoY). What’s more, with global warming being a hot topic on everyone’s agenda, the sales of alternatively-fuelled vehicles (AFVs) rose by 7.2% YoY thanks to new and improved smaller models making their way on to the market, such as the second-gen Nissan Leaf and the incredibly reasonably priced Renault Zoe.
We help you combat the changes in the industry
36% of car owners still have diesel cars, and if there is potential for diesel cars to be banned due to their carbon emissions, then there’s going to be a lot of owners looking for new cars. We thought long and hard about tools that could help your customers to carefully choose their next purchase, and we decided upon a running cost calculator.
Running cost calculator
Our running cost calculator estimates the monthly and annual costs of running a car dependant on the mileage that is inputted. This includes both fuel cost and the road taxes associated with the specific vehicle. This will ensure your customers are able to make informed choices on their purchases, whether they choose to stick to the potentially doomed diesel cars, a traditional petrol car, or if they branch out and go for an AFV car.