Wednesday 7 December 2016

VW used values hold up despite emissions scandal

Published 14/09/2016 | 02:30

Volkswagen (AP)
Volkswagen (AP)

With the Volkswagen Group fighting and facing legal and regulatory battles here and elsewhere, a new tranche of research from WhatCar? may serve as a little bit of good news for both the company and current owners.

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It found that the resale values of cars from Volkswagen, Audi, Skoda and SEAT have been largely unaffected by the emissions scandal - at least in the UK.

There is no hard evidence one way or the other here.

Almost a year ago (September 16, 2015), the company admitted it had used a defeat device to change emissions test results for many years.

Now, Whatcar.com's depreciation database report shows Volkswagen, Audi and Skoda models retain above-average value after three years and/or 57,000km.

And a survey conducted by Whatcar.com found that three-in-five motorists (59pc) are equally likely to buy Volkswagen brands as they were before the scandal.

The latest findings come as legal proceedings against the company resume here on Friday in the case involving Eithne Higgins of Croghan, Boyle, Co Roscommon, who is seeking compensation after the carmaker admitted cheating on emissions tests.

It is understood to be the first of its kind in asking the carmaker to reveal the original expert opinion and technical evidence it availed of to develop a fix for the affected engines.

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