Volkswagen scandal hits sales of all imported diesels
Published: 13 Nov. 2015, 21:04
Volkswagen Korea has been striving to turn the situation around by launching a promotion with unprecedented discount rates. However, some point out that the strategy is hurting the industry since “dumping” cars may ultimately result in price decreases in the used-car market. In fact, a 2014 Volkswagen Golf, which cost 27.85 million won ($24,000) until July, saw its value fall as low as 25.80 million won in October.
“The recent sales decrease is only the beginning,” said Lee Ho-geun, a professor of automotive engineering at Daeduk College. “After the Ministry of Environment releases the inspection results, the damage in the industry will be visible.”
with the Korea JoongAng Daily
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