Update: I made a decimal flub. The math is corrected. Thanks to commenter ChemEng for pointing it out. We’ll post a new piece on Monday.

There’s no denying it: Volkswagen cheated. It confessed to the crime of emitting up to 40 times over the legal limit allowed for NOx. We learned yesterday (and the day before, to some degree), that Volkswagen will fix the vehicles that can be fixed, if owners so choose.

But what happens to all those diesel cars, which are perfectly good aside from emitting more NOx than they should, if owners decide to cut and run? And what happens to all those vehicles that can’t be fixed? Volkswagen has vowed to buy them back from customers — to which I ask, what then?

There are few options Volkswagen can employ to unload the massive windfall of cars coming its way, and none of them are particularly environmentally friendly.

Read More >

Note: In light of today’s news regarding an agreement between Volkswagen and U.S. regulators, we believe it’s pertinent to rerun this piece considering Volkswagen still plans on fixing some of the affected 2.0-liter TDI vehicles. —MS

In all reality, Volkswagen probably won’t pay $37,500 for each car that cheated its way through U.S. emissions standards, but the German automaker will probably pay thousands for each car to fit a device that would clean up their acts.

The presumed fix would come by retrofitting a Selective Catalytic Reduction (Adblue or urea) system although that wouldn’t be the only fix necessary. Researchers discovered that the Passat TDI that they tested, fitted with the SCR system, was 5 to 20 times over the NO limit — less than the 10 to 40 times by the lean NO filter cars, but still illegal.

The long list of items needed to fit models of the Volkswagen Golf, Jetta, Beetle and Audi A3 doesn’t include the engineering needed to retrofit the cars and the costs to crash test the models after the significant modifications. That’ll add hundreds of millions to the bottom line.

Read More >

If you’re looking to get the most money back when you drop your car onto the used market in five years, better get into something large and utilitarian.

Large and midsize trucks and SUVs grab the top five-year resale values in Edmund’s 2016 Retained Value Awards, with conventional and luxury midsize and large cars depreciating the most. Read More >

Sophia writes:

Thank you for taking the time to read and answer this email, it’s greatly appreciated.

I have a budget of $6k and would like to buy a used car (automatic transmission). I really like the Scion tC models from ’06-’08 (I’m a fan of its smooth curves).  Is it worth spending $6k on a car that has ~100k miles? I live in Silicon Valley and most the Scions I’ve seen for sale are in Sacramento or LA; I wouldn’t mind traveling a bit for the right car. By that measure, I love to drive and need a car that can take me all along the West coast as well as the weekly commute and won’t break the bank when it comes to repairs. Am I asking too much of a used vehicle? My 2001 civic made it through 235k miles, and while I prefer to stick to the Honda or Toyota family, am I missing out on a reliable American vehicle?

Again, thank you for the advice.

Regards,

Sophia

Back when I used to judge high school solo and ensemble music competitions for money in college, I seriously considered buying a rubber stamp that said “More dynamics.” I mean, every single kid needed to use more dynamic contrast (loud and soft playing), so I literally wrote “More dynamics” on every single judge’s sheet. The stamp would have been a YUUUUGE time saver. After about three months of doing the Ask Bark column, I’ve decided to buy two rubber stamps—one that says “Pontiac Vibe” and another that says “Scion tC.”

Read More >

A wave of older vehicles is poised to flood Toyota dealer lots, but the automaker is confident it has just the plan to deal with it — pre-owned leasing.

Toyota is certain that adding a leasing option to its certified pre-owned inventory would boost CPO sales and clear lots in the face of a growing compliment of three-year-old product, Automotive News reports.

The plan has already been quietly rolled out in the U.S. Northeast, but a national strategy should be in place by the end of April, dependent on training in each dealer region. The option would allow a reduced commitment for buyers who don’t want to finance the full cost of a pre-owned vehicle. Read More >

Good times have clearly arrived, because Americans are flinging money at cars like it’s going out of style.

Leasing has never been more popular for American car buyers, reports the Detroit Free Press, and the size of their auto loans have also reached record territory.

Read More >

The fuel cost savings of a diesel vehicle can be huge for those who eat up highway miles. However, with Volkswagen’s voluntary stop sale of those vehicles implicated in the diesel emissions scandal, you may think you can’t buy one from a Volkswagen dealer.

You’d be wrong.

According to a source who spoke to TTAC under the condition of anonymity, Volkswagen dealers are still able to sell an affected diesel vehicle should it meet certain conditions: that it not be a “certified pre-owned” (CPO) or new vehicle, and that the buyer signs a disclaimer stating they understand the vehicle being purchased pollutes more than government compliance tests initially indicated.

Read More >

For the “Back To The Future” fan keen on winning the parking lot at the next confab, DeLorean announced this week that it’ll make “new” cars again in Texas.

Thanks to a change in the small volume manufacturing law, DeLorean Motor Company said it could build around 300 new cars from parts it purchased when the original DeLorean went under.

The Texas outfit said they’ll bin the puny Renault-Volvo V-6 that made 130 horsepower in favor of a crate engine sourced from somewhere that’ll make 300 to 400 horsepower. Electronics, brakes and other drivetrain goodies will be similarly updated on the car, according to Jalopnik. Read More >

An Illinois sheriff knows a barn find when he sees one.

According to the Northwest Herald, McHenry County Sheriff’s Deputy Mike Stadler spotted an old parade Chevrolet Caprice with 4,000 miles gathering dust in a shed and decided to bring it back into service.

The 20-year-old, LT1-powered police cruiser — which sports none of the modern police cruiser amenities including USB ports, massive touchscreen or even traction control — was pressed into service when Stadler’s Impala was retired.

“I could see the diamond in the rough,” Stadler told the newspaper. “Your non-car person would look at this thing and think, ‘Why would I want this 20-year-old thing covered in dirt?’ Where I was, ‘I really want to clean this thing up.’”

Hell yes. Read More >

General Motors will sell highly coveted lease returns and company cars online starting next month through a program called the Factory Pre-owned Collection.

The program, which we’ve covered briefly, will sell lease returns and company cars through an online portal that makes those cars available nationwide. GM said its inventory would be roughly 30,000 cars, which all have fewer than 37,000 miles and be covered by extended warranties from the factory. Potential owners can apply for credit through the online portal and pick up their cars at a nearby dealer.

So … if GM is selling the cars owned by GM and GM Financial (or related bank) from a nationwide database, which can be financed online, and merely picked up at a nearby dealership, isn’t that just a direct sale?

Read More >

Porsche’s CEO is confident that the fix for their 3-liter diesel Cayennes will be approved by regulators, which is more than Volkswagen can say at the moment.

That, Kia’s big Detroit show, GM’s plan to sell cars online and Volkswagen CEO has a momentarily lapse of logic … after the break!

Read More >

Stop us if you’ve heard this one before:

Billionaire investor, activist and horse racing enthusiast Carl Icahn bid to buy Pep Boys on Tuesday for just over $1 billion, outpricing Japanese tire giant Bridgestone for the franchise, Bloomberg reported (via Automotive News).

Bridgestone’s refusal to tender a competing offer after its final bid of $947 million for the 800 Pep Boys stores seemingly means that Icahn is the winner — although we’ve been here before.

Icahn offered up to $18.50 per share of the company, of which he already owns 12 percent, which is slightly higher than the company’s stock during trading Wednesday.

Read More >

A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers.

That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a super mullet El Camino, and Manny, Moe and Jack … after the break!

Read More >

Bridgestone will buy Pep Boys for $947 million, shunning a competing bid from investor Carl Icahn, to complete its purchase of the auto parts chain, Bloomberg reported (via Automotive News).

The bidding between Icahn and Bridgestone began in October when the auto parts chain shunned a $800 million price from Icahn to agree to an $835 million bid from the Japanese tire giant. Icahn raised his bid first to $863 million, then up to up to $1 billion for the chain, but Pep Boys ultimately decided the $947 million offer from Bridgestone was a better deal.

The last-minute bid for the chain would create the world’s largest chain of 3,000 stores, including Bridgestone’s Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works stores.   Read More >

Earlier this week I wrote about how CarMax is heavily constrained by a market that has flip-flopped between six years worth of heavy car sales and about 18 months of resurgent truck and SUV demand. Long story short, CarMax’s acquisition costs for trucks, SUVs and crossovers has gone up considerably, and the supply of this inventory has cratered due to new car dealers keeping the bulk of this inventory for themselves.

Not everybody liked what I wrote. Case in point.

Read More >