Anti-diesel bias could be driving improvements in hybrid Toyota Prius values
Average values of the hybrid Toyota Prius at
three-years/60,000 miles have increased by four percentage points in the first
three months of this year, according to Glass Guide, prompting speculation that
the rise could be due to an anti-diesel car bias from consumers.
Glass’s Guide data reveals that since the start of 2017
average auction prices paid for the Prius have accelerated from 46.4% to 50.9%.
Glass’s Guide editor Jonathan Brown said: “In subsequent
conversations with buyers and dealer groups, it appears that there is some
strong retail demand for the previous two generations of Prius, which has now
impacted into latest model value increases, as the ripple effect has pushed
across the age ranges.
“Glass’s April valuation data further reflects these
changes. The question is whether this change is as a result of the recent bad
press surrounding diesel engines or whether it is from a propulsion type
perspective and genuine popularity of hybrid technology.
“Glass’s data suggests a very slight shift away from
diesel power plant demand since the so called CO2 cheat software scandal,
although it would not take very much for the positive effect to be felt by
other credible hybrid vehicles. As
demand pushes upward so values are likely to increase.”