Volkswagen has agreed to pay a massive $14.7 billion fine to the U.S. government and other entities to settle allegations of cheating on emissions tests and deceiving customers about its 2.0-liter TDI engines. That’s a big number, but what does it mean for the average Volkswagen owner?
You stand to lose a lot of value on your used Volkswagen, according to extensive CarGurus research. (Settlement details have yet to be announced for the 3.0-liter diesel engines.) CarGurus’ data team analyzed a sample of the VW models impacted by the emissions scandal in order to determine what the scandal has cost owners since news of the “defeat device” first broke in September (right before a really awkward 2016 Jetta launch in New York City). The calculations were based on CarGurus’ Instant Market Value (IMV) analysis, which is run daily on millions of used-car listings.