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You would think the stigma of the diesel emission scandal would keep people away from picking up a fixed Volkswagen TDI model, but you would be wrong. Reuters notes that in April, 12 percent of Volkswagen's sales were for TDI models (about 3,196 vehicles). This is quite impressive when you take into consideration that Volkswagen was only given the go-ahead to sell TDI models with the fix back in mid-April. But we have to wonder if this percentage would be the same if Volkswagen didn't put some enticing incentives on TDI vehicles. As we reported last month, Volkswagen is offering either 0% APR for up to 72 months and $5,000 cash bonus if you decide to buy or an $8,500 cash bonus if you lease. Source: Reuters View full article -
As the Diesel Emits: Volkswagen's Fixed TDIs Are Hot Sellers
William Maley posted an article in Volkswagen
You would think the stigma of the diesel emission scandal would keep people away from picking up a fixed Volkswagen TDI model, but you would be wrong. Reuters notes that in April, 12 percent of Volkswagen's sales were for TDI models (about 3,196 vehicles). This is quite impressive when you take into consideration that Volkswagen was only given the go-ahead to sell TDI models with the fix back in mid-April. But we have to wonder if this percentage would be the same if Volkswagen didn't put some enticing incentives on TDI vehicles. As we reported last month, Volkswagen is offering either 0% APR for up to 72 months and $5,000 cash bonus if you decide to buy or an $8,500 cash bonus if you lease. Source: Reuters -
Where Are the New Diesel Vehicles? In Limbo At the EPA
William Maley posted an article in Automotive Industry
In 2016, nine brands sold 20 diesel models in the U.S. But in light of the Volkswagen diesel emission scandal, a number from Volkswagen, Audi, and Porsche have been sidelined. But there are diesel models from GM, FCA, BMW, Mercedes-Benz, Jaguar, and Land Rover still being offered. But the only 2017 models you can buy at the moment are from Jaguar and Land Rover. Where are the rest? In limbo thanks to a new battery of tests being doing by the EPA. Automotive News reports that since last October, the EPA has been subjecting diesel models to new tests to determine if other automakers are pulling any sneaky cheats. The EPA hasn't said anything publicly about the tests aside from them keeping the vehicles and testing them in unpredictable ways. So far, the new tests haven't uncovered any cheating. "It is true that diesel vehicles are getting extra scrutiny and that has extended the certification process longer than normal. In general, manufacturers have been supportive of this additional testing and have adjusted their timing to account for the additional test duration," EPA spokesman Nick Conger said to Automotive News. Case in point, BMW will not be launching their 2017 3-Series and X3 diesels until the end of the year, with the X5 following in January. Meanwhile, sources at GM tell Automotive News they're awaiting approval for 2017 Chevrolet Colorado and GMC Canyon diesels before they start sending them out to dealers. FCA doesn't have any 2017 Jeep Grand Cherokee or Ram 1500 EcoDiesels at the moment despite press details saying they would be offered. An FCA spokesman declined to comment to Automotive News - our guess is that FCA is waiting. Mercedes-Benz could be the big loser with this extensive testing. The German automaker was planning to sell four diesel models; C-Class sedan, GLC, GLE, and GLS. Mercedes-Benz spokesman Robert Moran tells Automotive News in an email that the priority for the moment is getting the certification for the GLS. Moran declined to say if Mercedes is planning to offer diesel versions of the GLC and GLE. However, the C-Class diesel has been taken off the table due to "product strategy reasons." This model was supposed to go on sale at the beginning of this year. Source: Automotive News (Subscription Required) -
In 2016, nine brands sold 20 diesel models in the U.S. But in light of the Volkswagen diesel emission scandal, a number from Volkswagen, Audi, and Porsche have been sidelined. But there are diesel models from GM, FCA, BMW, Mercedes-Benz, Jaguar, and Land Rover still being offered. But the only 2017 models you can buy at the moment are from Jaguar and Land Rover. Where are the rest? In limbo thanks to a new battery of tests being doing by the EPA. Automotive News reports that since last October, the EPA has been subjecting diesel models to new tests to determine if other automakers are pulling any sneaky cheats. The EPA hasn't said anything publicly about the tests aside from them keeping the vehicles and testing them in unpredictable ways. So far, the new tests haven't uncovered any cheating. "It is true that diesel vehicles are getting extra scrutiny and that has extended the certification process longer than normal. In general, manufacturers have been supportive of this additional testing and have adjusted their timing to account for the additional test duration," EPA spokesman Nick Conger said to Automotive News. Case in point, BMW will not be launching their 2017 3-Series and X3 diesels until the end of the year, with the X5 following in January. Meanwhile, sources at GM tell Automotive News they're awaiting approval for 2017 Chevrolet Colorado and GMC Canyon diesels before they start sending them out to dealers. FCA doesn't have any 2017 Jeep Grand Cherokee or Ram 1500 EcoDiesels at the moment despite press details saying they would be offered. An FCA spokesman declined to comment to Automotive News - our guess is that FCA is waiting. Mercedes-Benz could be the big loser with this extensive testing. The German automaker was planning to sell four diesel models; C-Class sedan, GLC, GLE, and GLS. Mercedes-Benz spokesman Robert Moran tells Automotive News in an email that the priority for the moment is getting the certification for the GLS. Moran declined to say if Mercedes is planning to offer diesel versions of the GLC and GLE. However, the C-Class diesel has been taken off the table due to "product strategy reasons." This model was supposed to go on sale at the beginning of this year. Source: Automotive News (Subscription Required) View full article
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Continental AG's CEO says the diesel scandal that Volkswagen finds itself embroiled in could kill the marketplace for diesel vehicles in China, Japan, and United States. Elmar Degenhart tells German publication Boersen-Zeitung, "The diesel passenger car could sooner or later disappear from these markets." Degenhart also revealed that diesel had a market share of only 1 to 3 percent in these countries. This pales in comparison to Europe where diesels make up 53 percent of the market. Interestingly, the diesel scandal hasn't affected sales of diesel vehicles in Europe or the U.S. according to Continental's finance chief last month. Source: Boersen-Zeitung via Reuters -
Continental AG's CEO says the diesel scandal that Volkswagen finds itself embroiled in could kill the marketplace for diesel vehicles in China, Japan, and United States. Elmar Degenhart tells German publication Boersen-Zeitung, "The diesel passenger car could sooner or later disappear from these markets." Degenhart also revealed that diesel had a market share of only 1 to 3 percent in these countries. This pales in comparison to Europe where diesels make up 53 percent of the market. Interestingly, the diesel scandal hasn't affected sales of diesel vehicles in Europe or the U.S. according to Continental's finance chief last month. Source: Boersen-Zeitung via Reuters View full article
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Volkswagen is looking to limit the damage that has been caused by the diesel emission scandal. According to Automotive News, part of this comes from buying some used TDI model on U.S. dealer lots at pre-crisis prices. Speaking with dealers briefed on the plan, Volkswagen will guarantee the value of used models equipped with 2.0 TDI containing the illegal software sitting on dealer lots. If the vehicles aren't sold within 60 days, Volkswagen will buy them back. In a memo from Volkswagen of America COO Mark McNabb, the program will take three phases. The first phase will have Volkswagen making an inventory of the TDI models to help the company figure out which ones are eligible for the program. Volkswagen expects this phase to finish by the middle of November. Further details of the other two phases will take place later in the month. Volkswagen hopes this plan will stop the freefall prices in light of the scandal. According to Kelly Blue Book, the average price of a Volkswagen TDI model dropped 16 percent after the scandal was brought to light. The plan will also hopefully prevent a pileup of diesel vehicles sitting on dealer lots. Source: Automotive News (Subscription Required) -
Volkswagen is looking to limit the damage that has been caused by the diesel emission scandal. According to Automotive News, part of this comes from buying some used TDI model on U.S. dealer lots at pre-crisis prices. Speaking with dealers briefed on the plan, Volkswagen will guarantee the value of used models equipped with 2.0 TDI containing the illegal software sitting on dealer lots. If the vehicles aren't sold within 60 days, Volkswagen will buy them back. In a memo from Volkswagen of America COO Mark McNabb, the program will take three phases. The first phase will have Volkswagen making an inventory of the TDI models to help the company figure out which ones are eligible for the program. Volkswagen expects this phase to finish by the middle of November. Further details of the other two phases will take place later in the month. Volkswagen hopes this plan will stop the freefall prices in light of the scandal. According to Kelly Blue Book, the average price of a Volkswagen TDI model dropped 16 percent after the scandal was brought to light. The plan will also hopefully prevent a pileup of diesel vehicles sitting on dealer lots. Source: Automotive News (Subscription Required) View full article
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Another week has passed and some new information has come to light in the Volkswagen diesel scandal. First off, Volkswagen has confirmed one of their diesel engines doesn't have the cheat. The EA 288 TDI engine used in vehicles for the European-market has been checked out to see if it had the illegal software. In a statement issued by Volkswagen, the engine did not have “software constituting an improper defeat device as defined in laws is installed in vehicles with EA288 EU5 as well as EU6 engines in the European Union with those engines comply with legal requirements and environmental standards." Also, one of the questions that have been up in the air is how would the scandal affect the prices of used Volkswagen TDI models. Kelly Blue Book looked at data from auto auctions before and after the scandal broke. According to their research, the average price of diesel models dropped 16 percent. Average prices of gas models dropped 2.9 percent in the same time. "According to Kelley Blue Book Field Analysts, some auctions are still holding off on selling the affected Volkswagen inventory. While Volkswagen diesel auction prices are in decline, we could see larger fluctuations depending on how this inventory is handled," said Tim Fleming, analyst for Kelley Blue Book. Source: Volkswagen, Kelly Blue Book Press Releases are on Page 2 Volkswagen confirms: EA288 engines designed for EU5 and EU6 are not affected Thorough appraisal of the Diesel emissions issue Volkswagen confirms today that no software constituting an improper defeat device as defined in law is installed in vehicles with EA 288 EU5 as well as EU6-engines in the European Union. Consequently, new vehicles of the Volkswagen Group offered within the European Union with those engines comply with legal requirements and environmental standards. Volkswagen AG is systematically reviewing this issue worldwide. The group strives for a holistic solution for complying with the respective valid standards. After thorough examination it is now confirmed that no software constituting an improper defeat device as defined in law is installed in vehicles with EA 288 EU5-engines. Before, Volkswagen Group has confirmed that new EU6-compliant vehicles offered within the European Union fulfil all legal requirements and environmental standards. Volkswagen customers can visit the corporate websites such as www.volkswagen.de/info, which was set up on October 2, 2015 and enter the chassis number of their vehicle to find out straight away whether their vehicles are affected. Similar customer websites are active in the other EU countries and for the Audi, SEAT and Škoda brands. Work on the technical solutions detailed in the plan of measures is currently proceeding at full speed. Remedial action on the vehicles will begin in January 2016 – at no cost to customers. The measures are currently being developed for each affected series and each affected model year and will first be presented to the responsible authorities. Volkswagen will subsequently inform the owners of these vehicles over the next weeks and months. VOLKSWAGEN DIESEL VEHICLE PRICES DECLINE NEARLY 16 PERCENT, ACCORDING TO KELLEY BLUE BOOK DATA New-Car Shopping Activity Also Impacted by Recent Emissions Issue IRVINE, Calif., October 21, 2015 – Kelley Blue Book www.kbb.com, the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry, today reports that average auction prices, along with new-car shopping activity on KBB.com, for Volkswagen diesel vehicles have declined four weeks after the diesel emissions issue was announced. The average auction price for Volkswagen diesel models dropped by nearly 16 percent since the news broke of the emissions crisis.[1] The average auction price for the brand's gasoline-powered vehicles declined by 2.9 percent.1 On KBB.com, Volkswagen new-car shopping activity for affected TDI models has decreased on average by 2.4 percent. "According to Kelley Blue Book Field Analysts, some auctions are still holding off on selling the affected Volkswagen inventory," said Tim Fleming, analyst for Kelley Blue Book. "While Volkswagen diesel auction prices are in decline, we could see larger fluctuations depending on how this inventory is handled." Volkswagen Site Metrics from Kelley Blue Book's KBB.com* The Volkswagen Golf SportWagen and Golf have seen the most significant declines in shopping activity, with decreases of 6.2 percent and 3.7 percent respectively. The Audi A3 and Volkswagen Jetta SportWagen are the only TDI models seeing increases in activity, at 1.6 and 3 percent respectively, which is consistent with segment-level traffic on KBB.com. Audi A3 shoppers are increasingly cross-shopping competing luxury models following the announcement. The most highly cross-shopped vehicles are the Lexus NX, BMW 2-Series and Mercedes-Benz CLA. ** * Kelley Blue Book's KBB.com Site Traffic, Comparing September Pre- (Weeks of August 31-September 13) and Post- (Weeks of September 14-October 18) Announcement Data. Please note: Data is compiled weekly (Monday-Sunday). ** Kelley Blue Book's KBB.com Cross-Shopping Data for Week of October 12-18, 2015 "During the past four weeks following the emissions announcement, traffic to KBB.com has generally decreased after an initial surge in interest for Volkswagen diesel models, likely because of the stop-sell and negative press," said Arthur Henry, senior manager of Strategic Insights for Kelley Blue Book. "Interestingly, with regard to cross-shopping data, consumers are not looking at fuel-efficient or hybrid vehicles. For example, shoppers interested in the Jetta TDI are looking to the Honda Civic, Mazda3 and Ford Fusion as alternatives, according to cross-shopping data from KBB.com." -
Another week has passed and some new information has come to light in the Volkswagen diesel scandal. First off, Volkswagen has confirmed one of their diesel engines doesn't have the cheat. The EA 288 TDI engine used in vehicles for the European-market has been checked out to see if it had the illegal software. In a statement issued by Volkswagen, the engine did not have “software constituting an improper defeat device as defined in laws is installed in vehicles with EA288 EU5 as well as EU6 engines in the European Union with those engines comply with legal requirements and environmental standards." Also, one of the questions that have been up in the air is how would the scandal affect the prices of used Volkswagen TDI models. Kelly Blue Book looked at data from auto auctions before and after the scandal broke. According to their research, the average price of diesel models dropped 16 percent. Average prices of gas models dropped 2.9 percent in the same time. "According to Kelley Blue Book Field Analysts, some auctions are still holding off on selling the affected Volkswagen inventory. While Volkswagen diesel auction prices are in decline, we could see larger fluctuations depending on how this inventory is handled," said Tim Fleming, analyst for Kelley Blue Book. Source: Volkswagen, Kelly Blue Book Press Releases are on Page 2 Volkswagen confirms: EA288 engines designed for EU5 and EU6 are not affected Thorough appraisal of the Diesel emissions issue Volkswagen confirms today that no software constituting an improper defeat device as defined in law is installed in vehicles with EA 288 EU5 as well as EU6-engines in the European Union. Consequently, new vehicles of the Volkswagen Group offered within the European Union with those engines comply with legal requirements and environmental standards. Volkswagen AG is systematically reviewing this issue worldwide. The group strives for a holistic solution for complying with the respective valid standards. After thorough examination it is now confirmed that no software constituting an improper defeat device as defined in law is installed in vehicles with EA 288 EU5-engines. Before, Volkswagen Group has confirmed that new EU6-compliant vehicles offered within the European Union fulfil all legal requirements and environmental standards. Volkswagen customers can visit the corporate websites such as www.volkswagen.de/info, which was set up on October 2, 2015 and enter the chassis number of their vehicle to find out straight away whether their vehicles are affected. Similar customer websites are active in the other EU countries and for the Audi, SEAT and Škoda brands. Work on the technical solutions detailed in the plan of measures is currently proceeding at full speed. Remedial action on the vehicles will begin in January 2016 – at no cost to customers. The measures are currently being developed for each affected series and each affected model year and will first be presented to the responsible authorities. Volkswagen will subsequently inform the owners of these vehicles over the next weeks and months. VOLKSWAGEN DIESEL VEHICLE PRICES DECLINE NEARLY 16 PERCENT, ACCORDING TO KELLEY BLUE BOOK DATA New-Car Shopping Activity Also Impacted by Recent Emissions Issue IRVINE, Calif., October 21, 2015 – Kelley Blue Book www.kbb.com, the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry, today reports that average auction prices, along with new-car shopping activity on KBB.com, for Volkswagen diesel vehicles have declined four weeks after the diesel emissions issue was announced. The average auction price for Volkswagen diesel models dropped by nearly 16 percent since the news broke of the emissions crisis.[1] The average auction price for the brand's gasoline-powered vehicles declined by 2.9 percent.1 On KBB.com, Volkswagen new-car shopping activity for affected TDI models has decreased on average by 2.4 percent. "According to Kelley Blue Book Field Analysts, some auctions are still holding off on selling the affected Volkswagen inventory," said Tim Fleming, analyst for Kelley Blue Book. "While Volkswagen diesel auction prices are in decline, we could see larger fluctuations depending on how this inventory is handled." Volkswagen Site Metrics from Kelley Blue Book's KBB.com* The Volkswagen Golf SportWagen and Golf have seen the most significant declines in shopping activity, with decreases of 6.2 percent and 3.7 percent respectively. The Audi A3 and Volkswagen Jetta SportWagen are the only TDI models seeing increases in activity, at 1.6 and 3 percent respectively, which is consistent with segment-level traffic on KBB.com. Audi A3 shoppers are increasingly cross-shopping competing luxury models following the announcement. The most highly cross-shopped vehicles are the Lexus NX, BMW 2-Series and Mercedes-Benz CLA. ** * Kelley Blue Book's KBB.com Site Traffic, Comparing September Pre- (Weeks of August 31-September 13) and Post- (Weeks of September 14-October 18) Announcement Data. Please note: Data is compiled weekly (Monday-Sunday). ** Kelley Blue Book's KBB.com Cross-Shopping Data for Week of October 12-18, 2015 "During the past four weeks following the emissions announcement, traffic to KBB.com has generally decreased after an initial surge in interest for Volkswagen diesel models, likely because of the stop-sell and negative press," said Arthur Henry, senior manager of Strategic Insights for Kelley Blue Book. "Interestingly, with regard to cross-shopping data, consumers are not looking at fuel-efficient or hybrid vehicles. For example, shoppers interested in the Jetta TDI are looking to the Honda Civic, Mazda3 and Ford Fusion as alternatives, according to cross-shopping data from KBB.com." View full article
