German diesel filter rule hurt values

Diesel-powered cars without soot filters are going to cause a 7-10 percent price hit once the new German rules promoting the technology take hold. Banks, finance companies and dealers that have hundreds of thousands of unfiltered cars financed or unsold on car lots are bracing for headaches from something other than fumes. German government is contemplating a 250-euro ($321) subsidy for any car that has been retrofitted with a filter and to help with diverting the cost of installing them. Older cars that are not worth retrofitting will find their way east where the diesel laws aren't so strict.