TOXIN TAXES
Diesel drivers in the UK have seen thousands wiped off the value of their diesel cars due to a string of scrappage schemes aimed at reducing carbon emissions made by diesel engines.
The UK Government has announced, what's been coined, 'toxin taxes' which can see diesel drivers fined for taking their cars into the bigger cities.
As a result of these scrappage schemes and also toxin taxes, used diesel vehicles have fallen in value by as much as 26 per cent in the UK.
The Vauxhall Corsa, for example, is down by over a quarter against an average diesel drop of 5.7 per cent in three months.
With tougher new clean air rules on the horizon all over the world, Motorway.co.uk director Alex Buttle said: “Diesel cars are really starting to look like white elephants.”
The figures were released by Motorway.co.uk for the third quarter of 2017 after 24,000 car values were analysed during the year.
In that same period, petrol cars saw an increase of about 5 per cent in their value as demand increased.
The concerns about diesel emissions is an ongoing issue since they were raised after the Volkswagen emissions scandal back in September 2015.
Since then the UK Government has announced 'toxin taxes' which means that diesel drivers can be fined for taking their cars into cities.
The move is part of Downing Street's bid to clean up UK air after the country was found to be missing pollution targets.
(As always, if you or a family member are considering buying a used car, don’t buy until you run a car check report with MyVehicle.ie where you will find out the true history of the vehicle.)
Author
Justin Kavanagh
Justin Kavanagh is a recognised leader
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