INDICATA Market Watch_April2024
The war on diesel has seen diesel powertrain vehicles in an exorable decline in market share in the new and used vehicle market, with petrol being the primary beneficiary. However, there are clear signs that the tide is turning against petrol.
The March online B2C used vehicle market saw petrol vehicle market share slip to 43.61%, a 5.4% fall in the last two years and a 1.6% month-on-month decline.
While BEVs enjoyed a 10.1% MoM increase to 4.68%, they still lag behind hybrids, where MHEV continues to close the gap on PHEV/HEV.