Market research: VW used car prices unaffected by emissions scandal

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.

Last update: Sat, 03/09/2016 - 01:26
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