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Transport Secretary Says Volkswagen May Have To Cover Costs For Resale Value Fall

Specialist Lawyer Welcomes Patrick McLoughlin's Call For Action


David Shirt, Press Officer | 0161 838 3094

Following the recent emissions scandal involving Volkswagen,  the Transport Secretary has today suggested that the car company will have to address the impact of the emissions scandal on the resale value of its vehicles.

Patrick McLoughlin told the House of Commons today that the car company had "acted disgracefully" throughout the scandal and said the Government will put pressure on VW to ensure it meets its pledge to fix the affected vehicles by the end of 2016.
Mr McLoughlin said: "I will be looking to Volkswagen who have, it has to be said, acted disgracefully in this whole episode, to ensure that they live up to the expectations which they promised originally. We will be working to make sure that does happen."

When asked about the financial impact on resale values, Mr McLoughlin said: "That is one of the issues which I think VW will have to address in due course."

Last month VW admitted installing software designed to cheat diesel emissions tests in 11 million vehicles worldwide.  In the UK, VW is preparing to recall almost 1.2 million vehicles including over 500,000 cars and 80,000 commercial vans. 390,000 Audis, 132,000 Skodas and 77,000 Seats will also be included.

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