Post by VWCA_Adman on Feb 2, 2017 21:52:07 GMT -6
VW and Audi Report January 2017 Sales Increases—A VW Turnabout
VW posted another monthly year-over-year sales increase for January—up 17.1% at 23,510 units. Its Golf SportWagen, which includes the Alltrack, came in at 2,047 units, a 189.9% increase. Tiguan sales totaled 3,516 units, a January record. And the Passat midsize sedan’s take-rate was 5,887, a 64.2% increase.
Its mainstay Jetta sedan sales were off 16.3% at 6,846. Deliveries of the CC, which VW ceased making last Oct., were down 55.9% at 167.
Audi continued its winning streak (73 months) moving 13,201 units up 11.4%. VW Group of America sales totaled 41,549, a gain of 14%. U.S. vehicle sales for January were off 1.9%.
Industry sources say the VW Group spent about $1000 more on incentives per vehicle than it did last year. VW’s sales rebound reflects the fact that about 19% of those who opt for a TDI buyback buy another VW-brand vehicle. Through January, VW repurchased approximately 96,000 emissions-skirting diesel vehicles.
Diesel Pains: VW, Bosch to Pay $1.6 Billion to Settle 3.0-liter/2.0-liter Diesel Claims
VW has agreed to a proposed settlement covering 78,000 VW Touareg, Porsche Cayenne and Audi Q7, A6, A7 and A8 vehicles with 3.0-liter V-6 diesel engines. Bosch’s settlement covers both the Audi-developed V-6 diesel and the VW-developed 2.0-liter four-cylinder turbo diesel. A judicial hearing is next: Feb. 14.
Owners of 3.0-liter TDIs, who select fixes, will receive compensation ($7,000-$16,000) if emissions repairs are approved. VW will pay another $500 per vehicle if its remedy affects engine performance. Owners who choose a buyback will get $7,500 in addition to the vehicle’s value. VW agreed to repurchase 2009-2012 model year 3.0-liter TDI vehicles that it cannot repair. It claims it will be able to fix 2013-2016 model-year 3.0-liter TDI vehicles.
Bosch’s $327 million U.S. agreement will compensate owners of either the 2.0-liter or the 3.0-liter TDI. Bosch supplied the control software for engines that faked emissions compliance. Most 2.0-liter TDI owners will get $350 each, whereas most 3.0-liter TDI owners will receive $1,500 from Bosch. The car-parts supplier, which is accused of actively abetting VW in emissions cheating, denies wrongdoing.
In sum, VW will spend up to $25 billion in the U.S. to settle claims from owners, regulators and dealers.
VW posted another monthly year-over-year sales increase for January—up 17.1% at 23,510 units. Its Golf SportWagen, which includes the Alltrack, came in at 2,047 units, a 189.9% increase. Tiguan sales totaled 3,516 units, a January record. And the Passat midsize sedan’s take-rate was 5,887, a 64.2% increase.
Its mainstay Jetta sedan sales were off 16.3% at 6,846. Deliveries of the CC, which VW ceased making last Oct., were down 55.9% at 167.
Audi continued its winning streak (73 months) moving 13,201 units up 11.4%. VW Group of America sales totaled 41,549, a gain of 14%. U.S. vehicle sales for January were off 1.9%.
Industry sources say the VW Group spent about $1000 more on incentives per vehicle than it did last year. VW’s sales rebound reflects the fact that about 19% of those who opt for a TDI buyback buy another VW-brand vehicle. Through January, VW repurchased approximately 96,000 emissions-skirting diesel vehicles.
Diesel Pains: VW, Bosch to Pay $1.6 Billion to Settle 3.0-liter/2.0-liter Diesel Claims
VW has agreed to a proposed settlement covering 78,000 VW Touareg, Porsche Cayenne and Audi Q7, A6, A7 and A8 vehicles with 3.0-liter V-6 diesel engines. Bosch’s settlement covers both the Audi-developed V-6 diesel and the VW-developed 2.0-liter four-cylinder turbo diesel. A judicial hearing is next: Feb. 14.
Owners of 3.0-liter TDIs, who select fixes, will receive compensation ($7,000-$16,000) if emissions repairs are approved. VW will pay another $500 per vehicle if its remedy affects engine performance. Owners who choose a buyback will get $7,500 in addition to the vehicle’s value. VW agreed to repurchase 2009-2012 model year 3.0-liter TDI vehicles that it cannot repair. It claims it will be able to fix 2013-2016 model-year 3.0-liter TDI vehicles.
Bosch’s $327 million U.S. agreement will compensate owners of either the 2.0-liter or the 3.0-liter TDI. Bosch supplied the control software for engines that faked emissions compliance. Most 2.0-liter TDI owners will get $350 each, whereas most 3.0-liter TDI owners will receive $1,500 from Bosch. The car-parts supplier, which is accused of actively abetting VW in emissions cheating, denies wrongdoing.
In sum, VW will spend up to $25 billion in the U.S. to settle claims from owners, regulators and dealers.