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Volkswagen Financial Services: Difference between revisions
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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 | For the <u>first three quarters of 2022</u> '''demand''' for automotive financial services was <u>'''buoyant'''</u> due to <u>key interest rates</u> 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. | ||
<u>By contrast</u>, the share of financial services products in the new vehicle business '''grew positively''' and exceeded the 2021 figure. | <u>'''By contrast'''</u>, the share of financial services products in the new vehicle business '''grew positively''' and exceeded the 2021 figure. <u>The main drivers</u> of this trend were <u>'''positive changes in the sales mix'''</u> that benefited the private customer business, which lends itself particularly to financing, and an i'''ncreased 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. | ||