As Toyota tops global sales, Volkswagen prices fall
Posted on Monday, October 26, 2015 at 3:06:10 PM
Toyota Motor Corp. claimed the No. 1 spot in worldwide auto sales today after nearly 7.5 million vehicles were sold through September. Bloomberg Business reported Toyota's announcement, contextualizing the victory as a consumer response to Volkswagen AG's admission that it had installed deceitful emissions software in the diesel engines of some of its most popular car models. The company is currently preparing to repair 11 million such vehicles globally.
Through the first six months of 2015, Volkswagen sales had beaten those of Toyota, but a decline of 1.5 percent in deliveries for both companies, combined with the backlash of the diesel scandal, meant that Volkswagen's sales slowed to 7.43 million vehicles through the first three quarters. The prices of used Volkswagen diesels dropped roughly 13 percent in September, according to Kelley Blue Book data cited by CNBC, compared to a drop of 2 percent in similar gas models of other manufacturers.
Used car prices typically decrease in the fall, which should appeal to anyone looking for an affordable ride. With the right choice of vehicle, combined with low-cost auto financing, these fall months are an excellent time to explore your local used car dealership.