#dieselgate costs VW market share. Does it really?

clean diesel

Today, Europe’s auto manufacturer association ACEA published EU new passenger car registration data for October. Overall EU registrations were up 2.9 percent in the month, but that wasn’t what observers were looking for. A mere 75 seconds after ACEA released the numbers, Bloomberg hit the wire, pronouncing that “VW’s European Market Share Falls in First Month of Scandal.” Later, “falls” was edited to “slips.” Volkswagen’s group sales were down a mere 0.2 percent in the month. Was it due to dieselgate? The proof is far from conclusive, and the facts deserve at least a few minutes of closer inspection. [Continue Reading]