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Alternative fuel vehicles more popular at auction

12 November 2008

Cars powered by alternative fuels are faring better than others in the second hand motor sales, according to British Car Auctions (BCA).

The company's Pulse report for September shows that alternative fuelled vehicles submitted for sale by fleet operators are achieving on average 122 per cent of the guide price, while petrol and diesel fleet values are around 92 per cent of their CAP Clean valuation.

Tim Naylor of BCA said: "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,"

The report further notes that demand for hybrid cars such as the Honda Civic or Toyota Prius is rising.

Electric vehicles and those powered by alternative fuels emit less carbon dioxide than their petrol and diesel counterparts.

Road transport accounted for about 22 per cent of the UK's total emissions in 2006, according to the Department for Environment, Food and Rural Affairs.

Find out more about alternative car fuel here

 


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