Team RRL 'make huge statement' at Road America
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Yahoo
8 hours ago
- Yahoo
Price hike for used diesels as new car supply dries up
The values of some used diesel cars are actually increasing despite the fading appeal of the powertrain in the new car market, say leading vehicle valuation experts. In the first half of 2025, just 58,722 new diesels were registered, down 11.3% on 2024. This continues a decline that can be traced to 2017, amid the fallout from the Dieselgate scandal and concerns about future vehicle taxation and emissions penalties. Diesel's days appear numbered. Only a few car makers still produce diesel models – among them Audi, BMW and JLR (especially with the Defender) – and other types, such as petrol, hybrid and battery-electric vehicles, are experiencing rising demand. For most diesel models, this is reflected in increased rates of depreciation, but, bucking this trend, some have actually increased in value over what they were worth a year ago. For example, according to Cap HPI, a three-year-old diesel Honda HR-V with 60,000 miles is worth 11.3% more today than the same model was at the same point last year. In addition, the value of an equivalent Mercedes CLS has risen 8% and a Ford Mondeo 6.5%. Explaining the figures, Dylan Setterfield, head of forecast strategy at Cap HPI, said: 'There is still demand for diesel in the used market from both consumers and dealers, with fuel economy continuing to be a significant factor for high-mileage drivers. 'New [diesel] car volumes have been decreasing for some time, and this is translating into reduced used car volumes. We expect these reductions to be partially offset by the ongoing reduction in consumer demand and that prices will behave similarly to petrol [car prices] in the next few years.' However, the market is experiencing wild valuation extremes and some models are instead depreciating at higher than expected rates compared with what they were worth last year. Those suffering the biggest falls in value include the Ssangyong Korando 2.2D, with a three-year-old example with 60,000 miles worth 24.5% less. An equivalent Vauxhall Astra is down 20.2% in value and a Range Rover Evoque down 12.7%. These losses are atop the models' regular year-on-year depreciation. Setterfield said: 'The Korando's falls seem to have been caused by uncertainty and confusion in the marketplace as the brand transitioned from Ssangyong to KGM. Astra diesels with above-average mileage are now suffering increased penalties, while the Evoque's figure can be explained by an increase in used volumes following a shortage of supply.' Consumers unsure about buying a diesel are unlikely to be reassured by these wild extremes. Fortunately, these cars aside, the bulk of the sector is actually quite stable, with the average three-year-old diesel worth just 2.1% less than its equivalent 12 months ago. The equivalent figure for a petrol car is 1.3% less. At 12 months and 20,000 miles, their positions are reversed, with the diesel worth 1.4% less and the petrol 1.6% less. Philip Nothard, insight director at Cox Automotive International, a vehicle auction and remarketing company, welcomed the return of stability to most areas of the diesel market. He said: 'After the highs of the immediate post-Covid years, when even two- to four-year-old diesels were worth 73% of their new price and ones less than a year old 98%, order is returning to the market. In 2023, diesel values fell at a steeper rate than petrol as sentiment shifted to the latter and, thanks to tax changes, to some extent also to EVs. 'The fall in the sales of new diesels that year means that today, there are only155,000 three-year-old diesels on the road. Values are sliding but just about holding firm, with two- to four-year-old diesels currently worth around 51% of their new price compared with petrol cars at 58%. Electric cars are worth around 36%.' The shortage of used diesels and the stability of their values are reflected on dealer forecourts. Motorpoint is a leading car supermarket and typically stocks around 5000 cars, most no older than four years. Currently, only around 350 of them are diesels and diesel hybrids. They include a 2023 Audi A4 35 TDI S Line S Tronic with 14,500 miles for £22,699 and a 2022 Ford Kuga 1.5 Ecoblue ST-Line X with 17,000 miles for £19,999. Motorpoint Group CEO Mark Carpenter believes that although demand for diesels has fallen considerably, the declining number of new ones being produced means that used examples will soon be the only ones readily available to customers. However, he doesn't expect that any future increase in demand for them will necessarily trigger a steep rise in their prices. He said: 'While any uplift in demand for used diesel vehicles will have some impact on prices, with fewer new diesel cars on the road, used diesel stock will continue to get older, reducing its appeal for motorists wanting a nearly new car.' ]]>
Wall Street Journal
17 hours ago
- Wall Street Journal
Make Cars Beautiful Again
Tired of ugly cars and SUVs that all look the same? Check out crossovers like the Honda CR-V, the Ford Escape and the BMW XM—the last with a staggering $160,000 price tag. The three vehicles look almost identical—an unintended consequence, believe it or not, of 50-year-old Corporate Average Fuel Economy standards. But gasoline-mileage rules were effectively tossed in July's One Big Beautiful Bill Act, which could usher in a new era of big, beautiful auto design. Most didn't notice CAFE's demise. It turns out that you can't kill mileage standards in a reconciliation bill, so Congress quietly zeroed out its penalties via Section 40006, which 'eliminates the civil penalty for a violation by a manufacturer of the Corporate Average Fuel Economy standards.' Clever.
USA Today
20 hours ago
- USA Today
FedEx Cup Playoffs 2025: Tracking who's in, who's out as top 50 is finalized in Memphis
The final round of the 2025 FedEx St. Jude Classic is here, and for 20 players in the field in Memphis, it will be their last round for a few weeks. Only the top 50 in the FedEx Cup Standings will advance to the second of three legs of the FedEx Cup Playoffs, the BMW Championship, which takes place next week in Maryland. Follow along here to stay up-to-date on who's in and who's out as the final round plays out in Memphis. Who's on the FedEx Cup Playoffs bubble? Here's who's in and who's out of the top 50 entering Sunday's final round of the FedEx St. Jude Championship in Memphis: 45. Denny McCarthy 46. Tom Hoge 47. Kurt Kitayama 48. Chris Kirk 49. Rickie Fowler 50. Jhonattan Vegas ——— 51. J.T. Poston 52. Aldrich Potgieter 53. Wyndham Clark 54. Jordan Spieth 55. Aaron Rai How do the FedEx Cup Playoffs work? The top 70 in the FedEx Cup standings qualified for this week's FedEx St. Jude Championship, the first of three legs in the playoffs. The top 50 in those standings will move onto the BMW Championship in Maryland next week. The top 30 in the standings after the BMW advance to the final playoff event, the Tour Championship, where, unlike past years, everyone will start at even par. The winner of the Tour Championship at East Lake is awarded the FedEx Cup. Who's near the top-50 cutoff for the 2025 FedEx Cup Playoffs? Min Woo Lee started the week as the "bubble boy", holding on to the No. 50 spot in the FedEx Cup standings. After 54 holes in Memphis, Jhonattan Vegas is now in that position with one round remaining in the FedEx St. Jude Championship. How do the FedEx Cup projected standings work? The PGA Tour's projected standings are updated throughout the final round as golfers record their birdies, pars, bogeys and more, which them moves them up or down the leaderboard as well as the standings. Once the tournament is complete Sunday evening, the top 50 will be set and the field will be finalized for the BMW Championship. What happens to those outside the top 50? The 20 golfers who finish this weekend outside the top 50 will have the next two weeks off as the rest of the playoffs are played out, but all is not lost. Everyone inside the top 100 retains their full PGA Tour member status for the 2026 season, meaning anyone who competed in Memphis this week is guaranteed a job next year.
