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Volkswagen: Difference between revisions
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(Created page with "Q1: How is demand going to continue in 2023? This will influence the number of contracts for Financial Services. Answer: For the first three quarters of 2022 demand for autom...") |
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Q1: How is demand going to continue in 2023? This will influence the number of contracts for Financial Services. | '''Q1: How is demand going to continue in 2023? This will influence the number of contracts for Financial Services.''' | ||
Answer: For the first three quarters of 2022 demand for automotive financial services was buoyant due to key interest rates in the main currency areas, which have remained low for now. The rise in interest rates in Q3 has so far had a minor impact on the financial services market. | Answer: For the first three quarters of 2022 demand for automotive financial services was buoyant due to key interest rates in the main currency areas, which have remained low for now. The rise in interest rates in Q3 has so far had a minor impact on the financial services market. | ||
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Q2: Are there any big risks in the current economic environment? Clients not being able to pay | |||
'''Q2: Are there any big risks in the current economic environment? Clients not being able to pay''' | |||
As stated before, the rise in interest rates in Q3 has so far had a minor impact on the financial services market. | As stated before, the rise in interest rates in Q3 has so far had a minor impact on the financial services market. | ||
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Q3: If number of contracts was to stay the same, will they become less valuable to the company? Let's say demand is going down, prices go down, then so will the amount of money needed for financing a new car with VW Financial Services? | |||
'''Q3: If number of contracts was to stay the same, will they become less valuable to the company? Let's say demand is going down, prices go down, then so will the amount of money needed for financing a new car with VW Financial Services?''' | |||
I don't think this will be a problem, as I don't seea a reduction in the number of contracts. As supply is going to improve slowly over the next few quarters, I don't think the amount of money needed for financing will decrease. Even though less money will be needed for financing as demand is going to ease, supply growth will offset the inbalance. | I don't think this will be a problem, as I don't seea a reduction in the number of contracts. As supply is going to improve slowly over the next few quarters, I don't think the amount of money needed for financing will decrease. Even though less money will be needed for financing as demand is going to ease, supply growth will offset the inbalance. | ||
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Q4: Which % of cars in VW Financial are lease vehicles and needs to be resold? → Is there a Problem if used car prices drop? | |||
'''Q4: Which % of cars in VW Financial are lease vehicles and needs to be resold? → Is there a Problem if used car prices drop?''' | |||
In Q3 2022 VW CC, they said that there's an increased share of leasing contracts in the fleet business. Even if used car prices drop this may not be a problem. As most cars would be cheaper, most of the cars that VW sells after their lease will get sold more easily because of lower prices. | In Q3 2022 VW CC, they said that there's an increased share of leasing contracts in the fleet business. Even if used car prices drop this may not be a problem. As most cars would be cheaper, most of the cars that VW sells after their lease will get sold more easily because of lower prices. | ||
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Q5: How fast are refinancing conditions for VW Financial worsening and what is the impact of this going to be? | |||
'''Q5: How fast are refinancing conditions for VW Financial worsening and what is the impact of this going to be?''' | |||
For fiscal year 2022,the Management Board of Volkswagen Leasing GmbH expects the IFRS operating result to improve significantly compared with the previous year. | For fiscal year 2022,the Management Board of Volkswagen Leasing GmbH expects the IFRS operating result to improve significantly compared with the previous year. | ||