The Diesels Are Coming

Posted on: February 12th, 2013 by Editorial Staff

cruzediesel

At this year’s Chicago Auto Show, Chevrolet announced the Cruze Clean Turbo Diesel. The 2.0-liter turbo diesel 4-cylinder puts out 148 horsepower and 258 pound-feet torque and returns an estimated 42 mpg on the highway. Furthermore, diesels tend to get even higher fuel economy than their EPA ratings would suggest, but that’s not the only reason to buy.

If you’re wondering what other sorts of advantages diesels offer, look no further than ALG’s residual values. On average, ALG’s residual values are 10 percentage points higher at 36 months for a diesel versus a similarly equipped gasoline model.

dieselsegment

These advantages are starting to get noticed by customers and the automakers are listening. This year we will see many new diesel engine variants for sale. On top of that, 2012 saw a year over year market share increase of 13.4% from 1.5% to 1.7%.

ALG Outlook: Strong residuals in part is their scarcity, so as the supply increases, residuals could come down.

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