Volkswagen of America, seeking to contain the damage from its emissions scandal, will offer to buy back some used diesel vehicles from its U.S. dealers at pre-crisis prices, Automotive News has learned.According to three dealers briefed on the plan, VW will guarantee the value of certified pre-owned and other used VWs with 2.0-liter diesel engines containing the illegal emissions software in dealer inventory, at prices seen before Sept. 18, when the EPA announced VW’s violations. If any of those vehicles stay in dealer inventory for 60 days or longer, VW will offer to buy them back from dealers.
The program will roll out in three phases, according to an Oct. 29 memo to dealers from Volkswagen of America COO Mark McNabb, starting with an inventory of diesel vehicles on dealer lots to help VW determine which ones are eligible for the program. That step is expected to be completed by Nov. 13. VW will detail the next phases of the program over the next two weeks, according to the memo.
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