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Volkswagen Financial Services: Difference between revisions
→How is demand going to continue in 2023? Will this influence the number of contracts for Financial Services?
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== How is demand going to continue in 2023? Will this influence the number of contracts for Financial Services? == | == How is demand going to continue in 2023? Will this influence the number of contracts for Financial Services? == | ||
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. | 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. | ||
By contrast, the share of financial services products in the new vehicle business grew positively and exceeded the 2021 figure. The main drivers of this trend were positive changes in the sales mix that benefited the private customer business, which lends itself particularly to financing, and an increased share of leasing contracts in the fleet business. | By contrast, the share of financial services products in the new vehicle business grew positively and exceeded the 2021 figure. The main drivers of this trend were positive changes in the sales mix that benefited the private customer business, which lends itself particularly to financing, and an increased share of leasing contracts in the fleet business. | ||
The positive trend in the financing of used vehicles continued in the first nine months of 2022; In particular, the sale of after-sales products such as servicing, maintenance and spare parts agreements increased. | The positive trend in the financing of used vehicles continued in the first nine months of 2022; In particular, the sale of after-sales products such as servicing, maintenance and spare parts agreements increased. | ||
==== '''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''' ==== | ||