The success story of the diesel in Europe shows no sign of slowing down, according to market research undertaken by Bosch.
In Western Europe as a whole, diesel’s share of the new car market in 2002 was up 4.3% on 2001 to 40.3 %. Bosch says that ‘in all probability, this will pass 42 % before the end of 2003’.
Bosch expects diesel share of the West European market to rise to 50% within the next three to four years.
Diesel’s share of new registrations in the UK rose sharply; up from 15.2 % in January 2001 to 24.7 % in December 2002, averaging 23.5% for the year, compared to 17.8 % for 2001. Additionally 2002 was a record year, with total registrations of 2,563,600 cars and diesel registrations rising from 436,600 in 2001 to 602,600 in 2002, representing an increase of 38%.
Bosch said that the large percentage increase in the UK is thanks in part to the new tax rules for company car drivers, which favours diesels with low CO2 emissions and the performance attributes of high pressure direct diesel injection systems.