volkswagen znak.jpg
Photograph: Photo by Bruno Kussler Marques, used under CC BY

The emissions-rigging scandal that has shaken up German carmaker Volkswagen has barely pressured the price of used cars from the brand, according to market research groups.

Market research companies DAT and Schwacke have not been able to detect noteworthy changes to the price of used cars from Germany's best-selling car brand, the companies told financial news agency dpa-AFX.

The price for used VW cars may still drop, since rebates and lower prices for new cars have a delayed effect on used car prices, said Siegfried Trede of DAT.

VW admitted last September that it had fitted about 11 million vehicles around the world with software designed to cheat environmental emissions.

The company plunged into its first loss in more than 20 years in 2015 as the scale of the emissions scandal began to emerge.

Latest news

Iraq claims advance in retaking Mosul airport from Islamic State

Iraqi forces wrested back half of Mosul's airport from Islamic State Thursday, shortly after entering the facility during their ongoing campaign to drive the extremist militia from its last key stronghold in the country.

Rights group: Video shows Cambodian police beating election candidate

A video posted on YouTube shows eight Cambodian paramilitary police beating a man identified as an opposition candidate at a Phnom Penh shopping mall, a rights group said Thursday. 

Malaysia asks Interpol to issue alert for suspects in N Korean death

Malaysia on Thursday requested that Interpol issue an alert for four North Koreans suspected of involvement in last week's killing of Kim Jong Nam, the estranged half-brother of North Korean leader Kim Jong Un.

British suspect arrested in Deutsche Telekom hacking

A 29-year-old British citizen suspected of involvement in a cyberattack that left nearly 1 million Deutsche Telekom customers without services last year has been arrested, German federal police said on Thursday.

Eight killed as bomb targets restaurant in Pakistan’s Lahore

A bomb ripped through a high-end restaurant in the Pakistani city of Lahore on Thursday, killing eight people, officials said, marking another attack amid a surge in violence by Islamist militants that has ended months of fragile calm.

Philippine court orders arrest of top Duterte critic

Senator Leila De Lima, one of the most outspoken critics of Philippine President Rodrigo Duterte, was on Thursday ordered arrested on illegal drug charges by a Philippine court.

Hrvatski Telekom reports 2016 net profit of HRK 934 mn

Hrvatski Telekom (HT) generated a net profit of HRK 934 million in 2016, which is 1% more than in 2015, the telecommunications company said on Thursday in a report on its financial results in 2016.

FDI in Croatia totals EUR 1.2 bn in Jan-Sept 2016

Foreign direct investment (FDI) in Croatia totalled EUR 1.227 billion in the first nine months of 2016, which is 552 million or 82% more than in the same period in 2015, analysts at Raiffeisenbank Austria (RBA) said in a report on Thursday, citing data provided by the Croatian National Bank.

Vietnam asks YouTube to block politically sensitive videos

Vietnamese authorities have demanded that YouTube block 17 videos that thez say violate the country's laws restricting speech, state media reported Thursday.

Croatian-Czech Society marks 25th anniversary

The Croatian-Czech Society (HCD) celebrated a quarter century since its foundation in Zagreb on Wednesday evening and the occasion was marked by the launch of a book, "The Croatian-Czech Society: The First 25 Years".

Trump administration reverses transgender bathroom protections

The Trump administration on Wednesday withdrew Obama-era guidance about the use of school and university bathrooms by transgender students, local media reported.

Several Dakota Access Pipeline protesters arrested as deadline passes

Several people at a camp protesting against a controversial oil pipeline in the US state of North Dakota were arrested Wednesday after a deadline to vacate the land passed, local media reported.