Second-Hand TDIs Hold Value in Europe Undermining Case Against VW

Europe’s taste for diesel cars may keep Volkswagen from paying billions more in compensation to TDI owners. That’s as a result of its diesel vehicles outperforming expectations on the second-hand market.

Although Volkswagen has agreed to pay billions in compensation to American TDI owners, no such deal has been struck in Europe. Despite that, regulators have been quick to call on VW to compensate European owners.

Their argument was, and indeed everyone believed, that residual values for TDIs would fall in the wake of the scandal and so owners should be compensated to make up the shortfall. Data from Schwake, an independent market tracker, shows, though, that prices for used VW Group diesels are not falling and are in fact outperforming diesels from other manufacturers.

As a result, VW owners should be able to sell their cars at the same price they would have if the scandal had never happened. That would cause the bedrock of arguments for compensation to crumble.

This is a rare bit of good news for the automaker, which has been embroiled in scandal for more than a year as a result of software that allowed its vehicles to emit more pollutants under normal driving conditions than was legally allowed.

[source: Automotive News]

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