How VW Used Car Prices Have Been Performing Since the Diesel Scandal Started

Now that we’re more than a month into the Volk­swa­gen diesel emis­sions report­ing scan­dal, here’s the lat­est on the used vehi­cle val­u­a­tions………

  • Ana­lysts think that the val­ue of used Volk­swa­gen diesels cars will con­tin­ue to be volatile until rules are issued by the fed­er­al gov­ern­ment on now the cars will need to be fixed dur­ing the upcom­ing recall. There’s much con­cerns over what effect the vehi­cle repairs will have on fuel econ­o­my and over­all vehi­cle per­for­mance.
  • Black Book report­ed that whole­sale prices on the Jet­ta TDI dropped 7.9% as of Oct. 12 and were down 13.8% as of Oct. 19. Pas­sat TDI prices declined 7.9% to 13.5% in that same time peri­od; Golf TDI declined from 5% to 8.7% dur­ing that time. The price com­par­i­son point began on Sept. 18 when the EPA announced VW’s vio­la­tions.
  • Kel­ley Blue Book report­ed aver­age auc­tion prices declined 13% two weeks after the scan­dal and then down near­ly 16% through Oct. 16. Aver­age auc­tion prices for gaso­line-pow­ered VW mod­els declined by 2.9% in the same peri­od.
  • Edmunds.com is fore­cast­ing that new vehi­cles sales for VW and Audi will grow by 5.1% this month com­pared with Octo­ber 2014 – but all of that growth is expect­ed to come from Audi. That com­pares with total indus­try new vehi­cle sales, which are expect­ed to increase about 11.5% in Octo­ber.
  • NADA Used Car Guide report­ed that auc­tion vol­umes on the Jet­ta, Golf, and Bee­tle TDI mod­els were down 28%, and the Pas­sat TDI sales were down 33%, in the two-week peri­od end­ing Oct. 3. That was in com­par­i­son to the four-week aver­age just pri­or to the EPA announce­ment.

 

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