Industry News from Yes Insurance

More people are looking to show their environmental credentials by picking up alternative fuels and hybrid vehicles, a new report has shown.

Research from British Car Auctions (BCA) has revealed that diesel values now stand at 92 per cent, which is down by 3.5 points since January.

The company added that the value of petrol was three points lower in June, standing at 92 per cent.

It could be that people are not using their cars as much, choosing instead to save the money to pay for road tax and car insurance bills.

"There is a groundswell of interest in alternative fuelled vehicles and this is reflected in the strong performance being recorded against guide values in a market that is otherwise seeing values in decline," commented Tony Ganon, BCA communications director.

BCA's latest used car index shows a value decrease to £5,532 over quarter two.

Looking for a cheap car insurance quote? Why not try yesinsurance.co.uk