2018 was pretty big in the car world. Diesel cars were vilified – rightly or wrongly, depending on which side of the fence you’re on; new car sales stalled with Brexit; and, as people have become more environmentally conscious, alternative fuel car sales have rapidly increased. So, a year of surprises in many respects!
Looking at 2018, you might be forgiven for worrying about how 2019 is going to go. Since the market is in such flux, car buyers have a lot to consider and figuring out what is best can be a real mind bender at the best of times.
Used Cars vs. New Cars
In 2018, new car sales went down 7% as the market filled with uncertainty. Brexit didn’t help but as more people want to go green, it’s understandable that newer cars have lost their shine, especially since CO2 emissions in new cars are actually going up.
If you look carefully, used car dealerships often have much better deals on offer than new cars. Used cars are often more environmentally friendly and come at a much more affordable price. When you factor in that a new car loses 40% of its value in the first year, buying a used car is simply more economical. There are lots of great deals to be had and companies like Motormill can help you find the best ones.
Diesel Cars are on the Way Out
Diesel cars have been demonized recently with tax increases and inner-city charges too. This has driven the cost of diesel cars down which is a problem for current owners but could be seen as an opportunity for drivers searching for a used diesel car now.
Whether you should buy a diesel car now really comes down to what your needs are. If you have a high mileage or prefer a larger car, diesel could definitely be better for you. You could also benefit if you plan to take out a PCP agreement as this will protect you against the drop in prices to some extent.
Green Alternatives are on the Way In
Dubbed the petrol and diesel ban, the UK government is planning to tackle air pollution by banning sales of new petrol and diesel cars by 2040. However, as electric cars are gaining popularity and advances in technology are rapid, the government is under pressure to bring this deadline forward to 2032. For this reason, now does seem like a good time to invest in a green car.
2019 is certainly an interesting time to live but for the automotive industry, interesting doesn’t quite cut it. As trends are shifting quickly and technology is advancing, the market seems to shift every day.
However, the best advice for buyers does remain the same: choose a car that will suit you now, that fits your budget and won’t cost a fortune in fuel or insurance. The market is sure to throw a few more curveballs this year but if you stick to your list of requirements, whichever car you buy should work.