VW trade in bonus - Germany

Leprechaun77

https://www.reuters.com/article/us-volkswagen-diesel-idUSKBN1AO12G

I am not sure if this is 'old' news but it appears VW/Audi have announced a trade in bonus in Germany for those upgrading to newer, more 'compliant', engines. It looks like €5k on a golf and €8k on a Passat, with further discounts/rebate on hybrid and electric. No doubt this is related to the emissions scandal and an attempt to be seen to be doing something, but nonetheless they have said they will be looking to roll this out in other countries across Europe.

bear1

How these scandals haven't crippled vw I don't know.
Amazing really what damage they have caused not only to themselves but the entire planet.
Their offer compared to what the Americans have been offered is pathetic really.

bazz26

Sounds more like a scrappage discount scheme similar to what you get here with a bit more PR spin to it to get you into a new VW. Would be interesting to see how many of these cars that are affected have a resale value of 5k or 8k respectively since it seems to affect cars built from 2008 onwards.

I see BMW have introduced a diesel scrappage scheme in the UK for EuroV and older diesel cars too. Again it's just seems to be a promo to get people into brand new cars.

colm_mcm

Unless they're scrapping the trade-ins, there's no real benefit.

Del2005

colm_mcm wrote: »

Unless they're scrapping the trade-ins, there's no real benefit.

And scrapping an already made car to replace it with a new car is worse for the environment. So either way this is bad for the environment, but the greens will love it because the dirty NOx cars will be gone and loads of shiny new cars will be driving around.

munchkin_utd

Leprechaun77 wrote: »

https://www.reuters.com/article/us-volkswagen-diesel-idUSKBN1AO12G

I am not sure if this is 'old' news but it appears VW/Audi have announced a trade in bonus in Germany for those upgrading to newer, more 'compliant', engines. It looks like €5k on a golf and €8k on a Passat, with further discounts/rebate on hybrid and electric. No doubt this is related to the emissions scandal and an attempt to be seen to be doing something, but nonetheless they have said they will be looking to roll this out in other countries across Europe.

its not a trade in, they have to scrap the car, bring the scrappage cert to the dealership and then they get the credit against a new motor.

its very related to the emmisions scandal and they are looking to take out as many Euro 4 cars from circulation as possible.
The focus in Ireland is about the trickery with the tests, but in Germany theres the very real possibility that diesels will be banned from Stuttgart and Munich by the courts as the nox values are consistently above what is allowed.

The resale values of older diesels in Germany is plummeting as nobody wants a car which may be banned overnight without warning, or for Euro 3 is already banned from many cities, so the scrappage is a good way of getting people to upgrade and to help out anyone looking to upgrade but who cannot shift their car.

grogi

munchkin_utd wrote: »

its not a trade in, they have to scrap the car, bring the scrappage cert to the dealership and then they get the credit against a new motor.

its very related to the emmisions scandal and they are looking to take out as many Euro 4 cars from circulation as possible.

The scandal relates mainly to Euro5 cars though...

737max

Those affected cars are mostly in Eastern Europe already as they would have been sold off in auctions after coming off lease.
VW have little exposure. The scrappage deals are generous but few people will be able to take advantage of them. VW will not be bankrupt as a result of this.
Those who don't live in umwelt zones don't care except for the depreciation due to fewer potential buyers for their car. I can avoid the umwelt zones quite easily meaning I could potentially pick up a diesel car cheaper but as I have a company car like most other people I don't really care.

The media are in the German equivalent of green jersey mode at the moment as the Auto Industry is very important to the prosperity of the German economy.

The software fixes and scrappage schemes all sound like big expensive activities and in isolation they are but for companies as big as Mercedes and VW the costs are trivial compared to what they would have had to pay otherwise.

Also remember that the public were complicit in this; all my Colleagues want the fastest company car they can get with the lowest CO2 which resulted in them ordering big engine diesel German cars. They don't give a damn about real fuel economy or real emmissions as the company car schemes don't bill them monthly based on real-world costs.

In my company car park which is over 16000 cars strong you are not at the races if your car has less that 170bhp.