Opinion is divided over the impact of the emissions scandal on VW's used values
2 October 2015

The impact on Volkswagen Group cars’ used values as a result of the emissions scandal is divided. Some major used car valuation experts have claimed the trade value of used Volkswagen diesel cars has fallen 3% since details of the scandal surfaced while others have said it is too early to tell.

Glass’s Guide, the motor trade valuation publication, has revealed that 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.

Diesel models have suffered slightly more. Overall, the trade values of diesel cars are up 2.8% on last month, but 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 it’s clear that the values of Volkswagens are lower than expected and that they will likely continue to be affected by how the company deals with the problem.

However, CAP Automotive has said it is too early for any real impact to be seen, with CAP’s Black Book editor Derren Martin saying: “It is only a week into the crisis and our team of experts has seen no discernible change to values.”

He said that there is some weakness in the second-hand value of the 1.6-litre diesel Golf, but said this could be put down to higher volumes of the car in the used market in recent months.

Martin went on to say that this does not mean that there will not be any drop in values: “We are not discounting there may be some short-term impact on prices across the marques in the Volkswagen Group over the coming weeks, due to the amount of negative media coverage.”

CAP pointed to the last major global recall, surrounding Toyota and Lexus at the end of 2009 and the start of 2010, saying that this had no discernible impact on used values.

Volkswagen has revealed that more than 500,000 of its cars are being recalled in the UK in addition to nearly 400,000 Audis, 77,000 Seats and 132,000 Skodas.

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Comments
14

30 September 2015
The total recall that Volkswagen has issued is a good start by the group at mending things. If the fix is only a software tweak how will it affect the car's performance and driveability?

30 September 2015
Fascinating that VW have always seemingly had an 'edge' in comparisons as far as depreciation goes. I'm not convinced that a software 'fix' will make all their troubles disappear - they've got a huge customer trust and goodwill wall to climb now.

30 September 2015
...how the big ones fall...hard.

A little more evidence to suggest that the current UK love affair for the VW Group is/will be waning somewhat? Unless your 'in' for a good used deal?

Furthermore, there is plenty of the Group's cars on the road at the moment, so the businesses involved with replacing numerous failed LED headlamp units on, for example, the 11 plate A4s that I see; will have a sound future. It's not all bad news.

30 September 2015
...is £210 on a £10,000 used vw, i.e. next to nothing even if it is true. Most statisticians would ignore 2%

 

Hydrogen cars just went POP

30 September 2015
a year then things will be back to normal.

 

Hydrogen cars just went POP

30 September 2015
I don't believe it, I simply don't believe it. Placing VW to the side for one moment...

autocar wrote:

Glass’s Guide, the motor trade valuation publication, has revealed that in September values on the used market as a whole increased by 2.1%.

September! But isn't this the time of the new registration where the used car market is flooded with used vehicles? Don't know where these pen pushers get their information from, but having checked the market over the past months and then seen the CAP price plummet when I purchased my new car, used prices certainly have not increased. What planet is this guy living on? Makes a good headline tho.

30 September 2015
3% is barely anything, even on a £14,000 car. I bet if this was any other manufacturer like Ford or Nissan, it'd drop by substantially more.

30 September 2015
As I intend to keep it another 5 or 6 years, any slight drop in value this month is irrelevant.

30 September 2015
So how does this work? When I ordered my car (a factory order), some 3 months ahead of delivery, I was advised of the (not guaranteed) part-exchange value for my trade-in, which just happened to be a good price in my view. Come the hand-over, I duly got the value I had been advised. No drop, no gain, no quibbles. There are local car forecourts where I see second hand vehicles with sticker prices that do not budge in several months, although doubtless that will only be the starting point for negotiations. I can understand that traders might be getting the jitters a bit just now, but those small percentages are hardly worth a headline at this point. I don't recall Autocar publicising gains/drops in second hand values at other times, a case of twisting the journalistic knife at the moment for the sake of something topical.

30 September 2015
I may be risking jumping the gun, but I can't help thinking what is this fix? Why is Volkswagen keeping us in the dark? Is it really as easy as ABC? Just a switch that you turn off and on?

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