VW Credit Reaches Record High for Contracts/Assets

vw_credit2a

Volkswagen Credit - February 6, 2013

VW Credit, Inc., cap­tive finance part­ner of Volk­swa­gen and Audi in the U.S., reports a record high num­ber of new con­tracts in 2012.

Get the facts and fig­ures on VW Credit’s amaz­ing year!

VW Credit, Inc. (VCI), the cap­tive finance part­ner of Volk­swa­gen and Audi in the United States , increased the num­ber of all new con­tracts signed by 28.3 per­cent in 2012 to 404,947, com­pared to 2011. The total num­ber of cur­rent con­tracts increased by 13.4 per­cent to 950,873 – the high­est amount ever. The num­ber of total assets dur­ing the busi­ness year 2012 rose by 17.5 per­cent to the record level of $23 billion.

In the whole­sale financ­ing seg­ment, the receiv­ables from Volk­swa­gen Group deal­ers increased 38.3 per­cent to $2.5 bil­lion. This vol­ume essen­tially cov­ers the financ­ing of vehi­cles in stock, plus equip­ment and invest­ment loans.

Tags: