Price of VW diesel cars drop nearly 16% since emissions scandal: KBB

Average auction prices of the Volkswagen AG diesel cars in the eye of an emissions scandal have dropped nearly 16%, Kelley Blue Book said Wednesday. The brand’s gas-powered cars have been affected as well, with average auction prices on those down 3%. On KBB.com, new-car shopping activity for the diesel cars affected has dropped on average 2.4%, Kelley Blue Book said. Shoppers are not necessarily looking for fuel-efficient or hybrid vehicles. Those interested in the Jetta TDI, for example, are looking to the Honda Civic, Mazda3 and Ford Fusion as alternatives, KBB.com said, citing its own cross-shopping data. Volkswagen last month admitted tohaving used software in some 11 million cars worldwide to foil emissions tests.

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