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Latest data from leading vehicle
auctions company, British Car
Auctions reveal higher fuel
prices and the effects of the
economic downturn are continuing
to boost interest in alternative
fuels. Alongside news that
motorists are driving less, car
sharing and even down-sizing due
to the rising cost of living,
new data from BCA shows that
average values for eco- and
alternative fuelled cars
continue to outperform the rest
of the market.
BCA’s Tim Naylor commented "The
key issue for ‘green’,
alternative fuelled cars is
acceptability with motorists,
because they will drive the
demand in the used market. It
would appear demand is
continuing to rise because
average values for
hybrid/electric and LPG powered
cars are well ahead of market
expectations, with the few
examples BCA handle always
attracting a flurry of
bidding.”
Values show
that the small number of
alternative fuelled vehicles
entered for sale by fleet
operators are averaging up to
122% of guide price. In
comparison, the average fleet
values for petrol and diesel are
currently around 92% of CAP
Clean.
Demand is actually increasing
for hybrid electric/petrol cars
such as the Honda Civic and
Toyota Prius and volumes sold at
BCA have overtaken those of
petrol/LPG cars – although
numbers remain small. Naylor
explained “The hybrid
electric/petrol models are
definitely the flavour of the
moment, because there are no
issues over fuel availability.
Motorists have already seen a
variety of alternative fuels
heralded as the answer to global
warming and are understandably
wary of making the ‘wrong’
choice in terms of support and
infrastructure – after all, just
where do you go to get LPG these
days?”
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Facts and
Figures – The Target
‘Green’ Market
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BCA’s Used Car
Market Report showed
that 6% of
respondents said
environmental
considerations were
an influencing
factor in their most
recent car purchase
– this is up from 4%
last year and 2% in
2006.
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5% suggest their
next car will be an
alternatively-fuelled
car, with the vast
majority preferring
to buy used.
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28% of motorists
said they would move
to a car with a
lower CO2 emission
rating to cope with
potential changes in
VED.
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A total of 38% of
motorists will cut
their carbon
footprint by walking
more and nearly 30%
said they will
attempt to reduce
mileage to tackle
rising fuel costs.
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Half of all
respondents said
they would consider
buying a car that
does more miles to
the gallon and 20%
said they would
change to a car with
lower service and
maintenance costs.
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Alternative Fuel Prices from BCA
Auction View:
|
Year |
Model |
Miles |
Av price |
|
0454 |
Honda Civic 1.3 VTEC
Executive IMA Saloon
Petrol/Electric |
55K |
£4,150 |
|
0808 |
Honda Civic 1.4 I-DSI ES
IMA Petrol/Electric |
4K |
£14,250 |
|
0707 |
Honda Civic 1.4 I-DSI ES
IMA Petrol/Electric |
10K |
£13,000 |
|
0606 |
Toyota Prius 1.5 VVTI T4
Petrol/Electric |
42K |
£9,250 |
|
0505 |
Toyota Prius 1.5 VVTI
Spirit Petrol/Electric |
80K |
£8,250 |
|
0505 |
Toyota Prius 1.5 VVTI T3
Petrol/Electric |
58K |
£7,700 |
|
0555 |
Lexus RX 3.3 H SE
Station Wagon, CVT,
Petrol/Electric |
65K |
£14,125 |
|
0404 |
Vauxhall Astra 1.6 LS
Estate Bi-Fuel
Petrol/LPG |
63K |
£3,600 |
|
0353 |
Vauxhall Vectra 1.8 LS
Saloon Bi-Fuel
Petrol/LPG |
66K |
£3,550 |
|
0404 |
Vauxhall Vectra 1.8
Design Saloon Bi-Fuel
Petrol/LPG |
80K |
£3,250 |
Pre-owned LPG and Hybrid vehicles
advertised with GreenCarSite.co.uk can be found here:
Classifieds Green Cars
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