VW Sales Down 25% In US
Volkswagen isn't just going to get hit with fines and compensation suits following the exposure of its emissions test cheats. Its sales are plummeting too.
The German car company's US arm reported a year on year drop off 25% last month and that despite heavy discounts on its petrol only models.
For current owners this is going to end up badly too. First they're going to see fuel economy figures drop as VW implements more stringent emissions controls on affected engines. Then they will be hit at resale time, with lower demand of VW's diesel products inevitably meaning lower values at trade in time.
It seems that the only positive outcome of the scandal is that VW will need to heavily invest in EVs to recover consumer confidence.