THE fallout from the VW emissions scandal has been reflected in detailed figures released today by the Society of Motor Manufacturers and Traders (SMMT), which shows registrations of VW Group vehicles tumbling. While overall new car registrations grew 3.8 per cent year-on-year in November, Volkswagen branded cars were down almost 20 per cent in the
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VW sees registrations fall 20 per cent amid emissions scandal fallout
AstraZeneca cancels Volkswagen Group fleet orders
AstraZeneca has cancelled vehicle orders with Volkswagen Group brands in the wake of the emissions scandal, Fleet News understands. The company is believed to have suspended orders of Volkswagen, Audi, Skoda and Seat vehicles worldwide, pending results of Volkswagen Group’s investigations into NOx defeat devices on diesel models and CO2 issues around certain vehicles. The
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Used volumes build and residual values slip in October
Average used values dropped by 2.2% with an expected seasonal slide, according to the latest figures from CAP. Derren Martin (pictured), senior editor at CAP Black Book, said: “Based on Black Book Live movements in October, this year is following the same trend as last year. Last year saw decreases of over 5% in the
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Volumes of Volkswagen models remain steady in wholesale market, says CAP
Volumes of Volkswagen models have remained steady in the wholesale market despite the ongoing emissions controversy, says pricing expert CAP. The news comes as SMMT data showed retail sales for Volkswagen vehicles in September were 39,263 – 1,411 more than for the same month last year. Philip Nothard, CAP Black Book editor, said: “Our wholesale
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CAP reporting no impact on Volkswagen residuals
CAP Automotive has reported that the current issues faced by Volkswagen Group appear to not to have impacted on residual values. Derren Martin, CAP black book editor said: “It really is too early to be making any substantive calls on the market. It is only a week into the crisis and our team of experts
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VW diesel tops fastest selling used cars
The fastest selling used car in September was a VW diesel. The Sharan sold in an average of 13 days across the UK, according to sales trend data released by Auto Trader. The results come as VW Group has become embroiled in a diesel emissions fixing scandal, with Auto Trader acknowledging that it only became
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Emission scandal has ‘marginal’ impact on Volkswagen trade values says Glass’s
Trade values of Volkswagen used cars have so far only been marginally affected by the news of last week’s emissions scandal. They have suffered only a 0.2% drop in values since the beginning of September, according to figures from Glass’s. Values of reportedly affected Golf diesels fell more than competitors. These are the key findings
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VW used car values trail overall market in September
Trade values of Volkswagen diesel cars are trailing the market by three percentage points now compared to the beginning of September before the brand was engulfed in the emissions crisis. Trade valuation guide Glass’s analysed its database and found that Volkswagen diesel used cars fell 0.2% compared to the beginning of September whereas the overall
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Fleets fear fall out from Volkswagen emissions scandal
The vast majority of buyers for fleet companies in the UK believe the Volkswagen emissions scandal will impact on the UK. Of fleet decision makers, 95% believe the US investigation will extend to the UK and 81% expect implications for the UK fleet market. More than 300 fleet decision makers in the UK took part
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CAP says VW emissions scandal will not dent UK used values
Valuation wide CAP is predicting the emission scandal that has enveloped Volkswagen will have “no discernible impact” on used values in the UK. Dylan Setterfield, senior forecasting editor at CAP, said: “We do not expect there to be any significant impact on used values for VAG models in the UK as a direct result of
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Volkswagen and Audi face credibility question in market
US revelations over emissions software could damage brand and used values.. Volkswagen and Audi could be facing a major credibility crisis in the UK market after the revelation that the company deliberately “fixed” emissions software fitted to some of its vehicles in the US, say Glass’s. The scandal means that models including the Audi A3,
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Volkwsagen adds reserve online function to used car scheme
Volkswagen has introduced a Reserve Online function to its Das WeltAuto used car scheme. The feature enables customers to pay a £500 deposit using PayPal to reserve a car. Should the customer see the car at the selling retailer’s premises within 48 hours and decide against the purchase, they can get a refund back to
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