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Comment; "The surge in diesel popularity shows no sign of letting up as motorists still see the appeal of driving a diesel model, with cheaper running costs and greater torque, among many benefits." ^
- Dramatic slump in new diesel car sales continues but diesel leasing shows strong increase in popularity
- Motorists still want benefits of a diesel which gives the best combination of power, performance and efficiency as highlighted by 13 per cent rise in diesel leasing year-to-date
- Vantage Leasing believes boom is due to it being risk free for customers as the lender or broker takes on ownership of the vehicle...
Despite sales of new diesel cars tumbling by more than 300,000 vehicles so far in 2018, demand for the out-of-favour fuel is proving more popular than ever with those less concerned by falling residual prices.
Indeed, new research carried out by vantage-leasing.com/ shows that enquiries for leasing of diesel cars is actually up by 13 per cent compared with 2017 and that diesel engine-cars still remain the most popular for those leasing vehicles.
It believes the increasing popularity of leasing diesel models is because the lender or broker takes on ownership of the vehicle, so it is risk free for the customer, allowing them to select the best car for the job without worrying about the future.
“Diesels have proved extremely popular with drivers over the last decade or so, but given the concerns over their environmental performance, potential emission charges and falling residuals, sales of new diesels have fallen dramatically.
“However, as our latest research shows, many motorists are still keen to benefit from the performance of a diesel vehicle but are looking to leasing as a way of avoiding any falling residual prices,” commented James Buttrick from Vantage Leasing.
The increasing popularity of diesel leasing contrasts sharply with data from the Society of Motor Manufacturers and Traders (SMMT) which shows that year-to-date new car diesel sales slumped from 1,008,323 in 2017 to just 707,702 in 2018.
The depth of the decline is highlighted further in figures which show that the sale of new diesel cars collapsed from 42.2 per cent market share in 2017 to 31.8 per cent in 2018 year-to-date.
However, among the most popular diesel cars to lease are the Range Rover Evoque and Jaguar E-PACE which can be found at vantage-leasing.com/
James added: “We’re constantly adding new diesel models to our portfolio to keep up with demand. The surge in diesel popularity shows no sign of letting up as motorists still see the appeal of driving a diesel model, with cheaper running costs and greater torque, among many benefits. ^
“In fact, there’s no better time to lease based on the current economic uncertainty. The only knock on diesel is the potential for it to be worth nothing at the end of its lifecycle, however leasing takes that risk away.”
To learn more about the new diesel models available to lease, visit vantage-leasing.com/car-leasing-special-offers