Volkswagen Financial Services’ Post

🌟 As we reach the midpoint of 2024, it´s time to share some remarkable achievements from the first half of the year at 𝐕𝐨𝐥𝐤𝐬𝐰𝐚𝐠𝐞𝐧 𝐆𝐫𝐨𝐮𝐩 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲. 👉 Although our operating result decreased to EUR 1.37 billion (main reason for this decline is the deconsolidation of the Russian business), we have seen growth in new contracts and an expanding contract portfolio. This is a proof point of our robust business model and a great #team effort. 📈 New contracts rose by an impressive 12.0%, reaching just under 5.1 million units compared to the same period last year, with leasing and insurance product groups standing out in particular. This shows that our insurance growth plan works and that vehicle-on-demand solutions such as leasing are essential for future growth. 🚗 Our global used car business also showed consistently positive development, with new contracts up by 10.7% to 501,000 units. The used car portfolio grew slightly by 1.75%, from 2.6 million to 2.7 million units. This provides a strong foundation for further developing our vehicle lifetime model, allowing us to maintain long-lasting relationships with our customers and vehicles. 👉 Moreover, penetration rates, representing the percentage of all new Volkswagen Group vehicles financed and leased through Volkswagen Group Mobility, increased to approximately 50% (excluding China), a rise of more than 3% compared to the same period last year. In Germany, the penetration rate even reached 66% (+5.5%). This underscores the fantastic cooperation with the Group brands and our dealer partners. 🤝 These achievements are a collective effort, and I am incredibly proud of our #team and partners. Stay tuned for the upcoming months. #vwfs #thekeytomobility #volkswagen #mobility #leasing 

Volkswagen Group’s Q1 Deliveries Rise by 3%, Propelled by Global Growth The Volkswagen Group has reported a notable increase in deliveries during the first quarter of 2024, with figures rising by 3% to reach 2.10 million vehicles. This growth was primarily driven by robust performances in key markets such as China, South America, and North America. In China, the Group experienced an 8% increase in deliveries, consolidating its position as the largest single market. Notably, the all-electric segment witnessed remarkable growth, with deliveries soaring by an impressive 91% to reach 41,000 units. However, in Europe, the picture was mixed, with overall deliveries remaining stable but a slight decline observed in the […] - https://lnkd.in/dwWGNWm5 #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #china #electricvehicles #northamerica #southamerica #volkswagen

#fleet AYVENS AGREES TO BUY UP TO 500,000 STELLANTIS VEHICLES   Ayvens will add up to 500,000 Stellantis vehicles to its European fleets by 2026, the leasing company and the OEM have agreed. Under the multi-billion-euro frame agreement, Ayvens affiliates will be encouraged to buy Stellantis vehicles for their long-term leasing fleets across Europe over the next three years. #stellantis

Read the fjull article: https://lnkd.in/gFmZNaUQ Volkswagen Prime offers corporate customers #differentiated mobility experience with enhanced value through personalized & value-added services, and peace of mind that includes a host of benefits. Volkswagen Group #VolkswagenPrime

Mercedes-Benz AG's Mobility, which includes the automaker's captive finance unit, may experience a 25% plunge in operating profit in 2024 and level out about 67% below 2021 levels as credit risk and higher financing costs weigh on performance. Despite its relatively luxe clientele, Mercedes is experiencing greater challenges than fellow German rivals BMW Group and Volkswagen Group, our peer analysis indicates. Yet its robust liquidity and healthy parent will likely keep raters at bay. https://lnkd.in/eQAadww6

New Post: The Auto Magazine - After a solid fiscal year 2023: Audi strengthens and expands its product portfolio - https://lnkd.in/d-W5FkDD The Audi Group has achieved a solid result in the 2023 fiscal year under challenging economic conditions. Revenue rose by 13.1 percent to €69.9 billion, the operating profit was €6.3 billion, and the operating margin was 9.0 percent. Net cash flow was nearly on par with the previous year at €4.7 billion. With numerous new […]

Renault's Smart Moves Drive Growth Amid Challenges #autoindustrychallenges #RCIBankandServices #Renaultadaptability #RenaultCEOstrategy #Renaultdiversificationefforts #Renaultfinancingbusiness #Renaultfinancingrevenue #Renaultgrowthstrategies #Renaultlightcommercialvehiclesales #Renaultpassengercarsales #Renaultregionalsalesperformance #Renaultresilience #Renaultsalesincrease

Renault's Smart Moves Drive Growth Amid Challenges #autoindustrychallenges #RCIBankandServices #Renaultadaptability #RenaultCEOstrategy #Renaultdiversificationefforts #Renaultfinancingbusiness #Renaultfinancingrevenue #Renaultgrowthstrategies #Renaultlightcommercialvehiclesales #Renaultpassengercarsales #Renaultregionalsalesperformance #Renaultresilience #Renaultsalesincrease

The latest #OVIN Insights report is out! As the only subnational jurisdiction that is home to five major automakers—Ford, General Motors, Honda, Stellantis, and Toyota—Ontario’s #automotive and #mobility sector is an engine of economic growth. Take a deep dive into the economic impact of the auto sector and discover: 💲Transformative investments from global industry leaders now amounting to over $43 billion 📈How the auto sector is driving: GDP growth, increased employment, and international trade 🔋Ontario’s robust automotive ecosystem and its role in reinforcing the province’s position as the global automotive & mobility hub of the future 🔗Read the report: https://lnkd.in/gepR4Kuu Victor Fedeli ONeconomy | ÉconomieON Prabmeet Sarkaria Ontario Ministry of Transportation/ Ministère des Transports de l’Ontario Ontario Government | Gouvernement de l’Ontario