"MAXIMUMVRM" (maximumvrm)
08/12/2016 at 10:11 • Filed to: None
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"MAXIMUMVRM" (maximumvrm)
08/12/2016 at 10:11 • Filed to: None | 0
| 9 |
So far VW has been fined about 330mil. I wonder how much profit they made from affected vehicles. any ideas?
Leadbull
> MAXIMUMVRM
08/12/2016 at 10:25 |
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More than 330 mil.
The Dummy Gummy
> MAXIMUMVRM
08/12/2016 at 10:43 |
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It is said this issue has affected around 11 million vehicles. Here is the list of affected cars:
2009–2015 Volkswagen Jetta 2.0L TDI
2009–2015 Audi Q7 3.0L V-6 TDI
2009–2016 Volkswagen Touareg 3.0L V-6 TDI
2010–2015 Volkswagen Golf 2.0L TDI
2010–2015 Audi A3 2.0L TDI
2012–2015 Volkswagen Beetle 2.0L TDI
2012–2015 Volkswagen Passat 2.0L TDI
2013–2016 Porsche Cayenne Diesel 3.0L V-6
2014–2016 Audi A6 3.0L V-6 TDI
2014–2016 Audi A7 3.0L V-6 TDI
2014–2016 Audi A8/A8L 3.0L V-6 TDI
2014–2016 Audi Q5 3.0L V-6 TDI
Let’s assume a $30,000 purchase price average and 8% gross margin. Porsche has a high margin, Audi decent, but the bulk is coming from VW’s where their margins are razor thin. I may be too high with that 8%, but the $30k and 8% are estimates.
With those factors [(11MM*30k)*.08] the profits would have been $26.4Bn. This is probably the high end of earning and this doesn’t factor in operational contributions.
The Ghost of Oppo
> The Dummy Gummy
08/12/2016 at 11:08 |
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8% is a little high, but not far off. I think I remember seeing the average profit margin on VW’s was about $2200
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The Dummy Gummy
> The Ghost of Oppo
08/12/2016 at 11:16 |
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I agree. I was looking back at their history and it fluctuates a lot. Weirdly they had a 23% margin at one point.
https://ycharts.com/companies/VLKA…
I used the total company data plus another chart I found to try to get a reasonable %, but it is hard
http://www.bloomberg.com/news/articles/…
I didn’t go too in depth because I didn’t have the time, but hopefully I’m in the realm of how much they made. Definitely take my data with a grain of salt (or two).
bhtooefr
> The Dummy Gummy
08/12/2016 at 12:12 |
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It’s worth noting that those are just the affected models in the US and Canada - about 650k vehicles IIRC.
MultiplaOrgasms
> The Dummy Gummy
08/12/2016 at 12:28 |
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What, are the 1.2, 1.4 and 1.6 TDI not affected?
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The Dummy Gummy
> bhtooefr
08/15/2016 at 07:37 |
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I have no idea. I just took the list the site provided me. As I said, my guesstimate was a high-level guesstimate.
http://blog.caranddriver.com/everything-you…
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The Dummy Gummy
> MultiplaOrgasms
08/15/2016 at 07:38 |
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No idea. I just copied and pasted the list from here. What I typed out was just a quick estimate.
http://blog.caranddriver.com/everything-you…
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bhtooefr
> MultiplaOrgasms
08/15/2016 at 08:05 |
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They are.
Basically, the list of affected vehicles is every model year 2009 through 2016 TDI in the US, and every Euro 5 TDI outside of the US (so approximately 2007-2008ish to 2013-2014ish).