The study found that diesel depreciates much more than petrol, whether after just 1 year or 10 years. For example, a 5-year-old diesel will have lost 54% of its value, compared to 42% for a petrol on average. After 10 years, the depreciation on diesel is 73% compared to 61% for an unleaded vehicle.
Some car industry observers think this is ambitious, but either way, in a few years years, there won't be many diesel cars on sale. They will survive beyond that, but by 2050 they could well be a rarity. We have a wide range of quality used diesel cars available, so why not take a look?
Because diesel trucks last longer than gas trucks, they depreciate at a slower rate. That means their resale value is generally higher than gas trucks.
Pros of buying a diesel car
Due to diesel engines' increased fuel economy, you can get up to double the kilometres out of a tank, meaning less trips to the service station. Diesel fuel is less prone to price fluctuations than petrol. Some diesels are even more economical than hybrids and are cheaper to buy.
A gasoline-powered vehicle can typically operate for around 200,000 miles before it needs a serious overhaul, or be replaced with a new vehicle. But an amazing fact is that diesel engines can run for 1,000,000-1,500,000 miles before needing any major diesel repairs.
Diesel Rule 1: NEVER buy high mileage
To be clear - avoid diesel cars with over 100,000 miles on the clock. Just avoid them. Really. They will cost you money, time and hassle.
Cons of diesel cars
Diesel fuel usually costs more. Servicing can be more expensive, although you don't need to do it as often. Diesel cars produce a lot more NO2. Diesel engines can be slightly noisier.
Diesel cars will be banned in the future with the Committee for Sydney announcing plans to ban diesel cars in 2027. Meanwhile, the Australian Capital Territory (ACT) has announced that the end of petrol and diesel vehicle sales will be 2035.
Diesel is traded internationally and the largest trading centre in our region is Singapore. This is the reason why Australian retail prices are linked to the Gasoil price of refined diesel in Singapore. Movements in the Gasoil price are influenced by the international price of the crude oil from which it is made.
Most diesel is sold in bulk to commercial/industrial customers (eg. mining and transport companies) on long term contract. ⇒ In the Australian retail market, there is very little diesel sold to private customers. ⇒ Hence retail diesel prices, unlike petrol prices, are not subject to aggressive price discounting.
A Diesel Truck's Value
Even after 100,000 miles, diesel trucks still retain a lot of the value they had when sold as compared to gasoline trucks that will almost always lose value once they reach 100,000-miles.
Advantages of a Diesel Engine
They are more rugged and reliable. There is no sparking as the fuel auto-ignites. The absence of spark-plugs or spark wires lowers maintenance costs. Fuel cost per Kilowatt produced is thirty to fifty percent lower than that of gas engines.
Diesel fuel is a type of distillate fuel that is essentially produced from crude oil, which gives diesel engines slower cylinder wear than gasoline engines. This gives diesel fuel lubrication properties that extend the overall lifespan of the engine.
The Committee for Sydney has announced its plan to ban the sale of new petrol and diesel cars by 2027 in a bid to reach net zero emissions by 2050.
As the world continues to transition toward cleaner energy sources, diesel fuel is also evolving to become more sustainable. Renewable diesel, for example, is a type of biofuel that is made from renewable resources, such as vegetable oils and animal fats, and runs cleaner than standard, ultra-low-sulfur diesel.
Under normal storage conditions, diesel and petrol fuel remains in a useable condition for: 12 months or longer at an ambient of 20⁰C. 6-12 months at an ambient temperature higher than 30⁰C.
Diesel prices: We show prices for Australia from 16-Jan-2023 to 24-Apr-2023. The average value for Australia during that period was 1.82 Australian Dollar with a minimum of 1.77 Australian Dollar on 27-Mar-2023 and a maximum of 1.89 Australian Dollar on 16-Jan-2023.
Australia doesn't receive its oil from Russia, but the sudden chokehold on Russian oil reduced supply right across the world. And as we all know from Economics 101, reduce supply and you increase demand (often disproportionately).
The latest shortage to hit the headlines has involved a little-known diesel fuel additive known as AdBlue which is added to the fuel used by modern diesel engines to reduce exhaust pollution. So, what's the problem? In short, Australia is set to face an AdBlue shortage by February 2022, if not earlier.
As many as 17 cars and SUVs, mostly diesel, will be discontinued in India from April 1, 2023 due to the implementation of Real Driving Emissions (RDE) norms. The Real Driving Emissions (RDE) norms coming into effect in India from April 2023 onwards will cause the discontinuation of several cars and SUVs.
And despite the global push-back and health impacts, diesel vehicles still made up one third of all new vehicles sold in Australia in 2021. According to the Australian Bureau of Statistics, of the 20.1 million registered cars in Australia, 26.4 per cent of those were diesel cars as of January 2021.
Do all diesel cars use AdBlue? No, not all diesel cars use AdBlue. AdBlue is a form of diesel exhaust fluid (DEF) that is used to reduce the amount of nitrogen oxide (NOx) produced during the combustion process in diesel engines.
1. Diesel cars are slightly more expensive than petrol trims, making them unaffordable for the majority of buyers. 2. The lifespan of diesel cars is lesser than petrol cars.
Con: Fuel is More Expensive
Several factors have contributed to this, including popular demand for diesel, higher production costs due to stricter environmental standards, and a higher federal excise tax on diesel than on gasoline.
Since diesel fuel is thicker and denser than gasoline, the fuel pump will struggle to move the diesel/gasoline mixture through the system. Also, the diesel will not be able to easily pass through the fuel filter. Instead, it will clog up the fuel filter.