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 the US emissions scandal.
“The last global recall was the Toyota Lexus issue, and despite the fact that this had serious safety implications, there was no discernible impact on used values.
“It is also far from certain that VAG are the only ones to have employed such technology on their vehicles in the USA.
CAP reported high volumes of enquiries from across the industry around potential impacts on used values.
“Until the full impact of the issue is fully understood, it is very difficult to plan around the problem. We recommend a watching brief as the situation evolves. Black Book Live reports movements on a daily basis, keeping users updated real-time. If there were to be any impact on used values, our Black Book Live customers would be the first to know,” said Settlefield.
