The Dieselgate scandal, which rocked the automotive world in 2015, had a profound impact on the market for diesel-powered vehicles. The Volkswagen-Audi Group was found to have fitted emission cheat devices to certain models, leading to a global recall of around 11 million cars. The scandal led to a significant drop in demand for affected models, resulting in a sharp decrease in prices. However, as the years have passed, a surprising trend has emerged. Dieselgate-affected Volkswagen models are now being sought after by enthusiasts and collectors, and prices are rising accordingly. According to reports from Kelley Blue Book, the average price paid for a Dieselgate-affected Volkswagen just weeks after the scandal broke dropped by 16% on average. Trade-in prices also suffered a decline of 8%, or around $1,500, on average. Despite the stigma attached to these cars, many are now approaching and exceeding 20 years old, and VW enthusiasts are ...
The Dieselgate scandal, which rocked the automotive world in 2015, had a profound impact on the market for diesel-powered vehicles. The Volkswagen-Audi Group was found to have fitted emission cheat devices to certain models, leading to a global recall of around 11 million cars. The scandal led to a significant drop in demand for affected models, resulting in a sharp decrease in prices.
However, as the years have passed, a surprising trend has emerged. Dieselgate-affected Volkswagen models are now being sought after by enthusiasts and collectors, and prices are rising accordingly. According to reports from Kelley Blue Book, the average price paid for a Dieselgate-affected Volkswagen just weeks after the scandal broke dropped by 16% on average. Trade-in prices also suffered a decline of 8%, or around $1,500, on average.
Despite the stigma attached to these cars, many are now approaching and exceeding 20 years old, and VW enthusiasts are willing to pay a premium for models like the Jetta and New Beetle in top condition. This shift in the market can be attributed to a combination of factors, including the growing popularity of classic cars and the increasing demand for unique and rare vehicles.
As the automotive industry continues to evolve, it will be interesting to see how the market for classic cars and modern classics develops. With the rise of Dieselgate-affected VWs, it’s clear that the past is having a significant impact on the present. Whether you’re a seasoned collector or just starting to build your collection, one thing is certain: the modern classic car market is more exciting than ever.
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