Volkswagen has bought back or repaired more than half of the 475,000 vehicles with 2.0-liter diesel engines that failed to meet emissions standards as part of a federal settlement about six months after it began the program.
Photo courtesy of VW.
Photo courtesy of VW.
Volkswagen has bought back or repaired more than half of the 475,000 vehicles with 2.0-liter diesel engines that failed to meet emissions standards as part of a federal settlement about six months after it began the program.
The company provided the update to the U.S. judge overseeing the settlement in a letter sent April 14. The company provided a copy of the letter to Automotive Fleet.
Volkswagen has repurchased or terminated leases on nearly 238,000 vehicles and repaired 6,200 other vehicles. The company has admitted to installing cheat software that enabled the vehicles to pass emissions tests but emit more than 40 times the pollution allowed by the Clean Air Act in daily driving.
The company has agreed to buy back or repair 85% of the vehicles by 2019.
Editor's note: Read our full coverage here.
Originally posted on Automotive Fleet
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
Read More →
From a Wall Street analyst's take on remarketing's key players to whether fleets need their own version of Carfax, CAR 2026's afternoon roundtables will answer key operational and industry questions.
Read More →
Work trucks lose value at remarketing, not because they aren't worth more, but because the data to prove it rarely makes it to the auction.
Read More →
The enhanced technology allows rental car operations, dealerships, and auctions to compare a vehicle’s condition at pickup and drop-off within the same rental or loaner record.
Read More →
A panel at the 2026 Conference of Automotive Remarketing will examine how resale value is created across the vehicle lifecycle and which traditional remarketing practices still deliver ROI.
Read More →
Smart operational and spec'ing decisions can dramatically improve both the total cost of ownership during use and the resale value when it's time to remarket day cabs.
Read More →
Smart remarketing begins before vehicles enter the fleet, and is built on strong data and stronger FMC partnerships.
Read More →
Winter snowstorms and frosty freeze-overs could not slow down the hot vehicle auction action nationwide in January.
Read More →
How can vehicle-sourced performance data change the way fleets assess condition, time de-fleets, and set remarketing expectations? A seminar at the 2026 Conference of Automotive Remarketing (CAR) has answers.
Read More →
B2X Awards is one of Bobit's newest initiatives dedicated to increasing engagement across the company's sites.
Read More →
