Volkswagen emissions scandal: used values drop 3%
Source : Volkswagen emissions scandal: used values drop 3%
The emissions scandal has caused trade values of used VW diesels to drop
The trade value of used Volkswagen diesel cars has fallen 3% since details of the emissions scandal surfaced.
Glass’s Guide, the motor trade valuation publication, has revealed which in September values on the used market as a whole increased by 2.1%. However, values of used Volkswagens are the same as they were at the start of the month, so, in essence, are 2.1% down.
the item’s worse when you look at diesel designs. Overall, the trade values of diesel cars are up 2.8% on last month, although the trade values of used Volkswagen diesels are down 0.2%, so they are 3% behind the rest of the used market.
Glass’s head of valuations, Rupert Pontin, has stated which the item’s clear which the values of Volkswagens are lower than expected in addition to which they will likely continue to be affected by how the company deals with the problem.
Volkswagen has revealed which more than 500,000 of its cars are being recalled from the UK in addition to nearly 400,000 Audis, 77,000 Seats in addition to 132,000 Skodas.
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