Resale values first to suffer

ONE expected result of Dieselgate is that second-hand Volkswagens will fall in value, at least in the short term in Australia. Ross Booth, general manager of Redbook, one of Australia’s largest vehicle valuation companies, says the impact will stretch well beyond the affected models. “This is more about perception of the brand, which very much drives used values,” Booth told us. “The entire VW range is getting tarnished. When you buy a car it’s all about trust, and if they’ve lied about that, what else have they lied about?”