Volkswagen Financial Services (VWFS) is a wholly-owned subsidiary of Volkswagen AG and the largest automotive financial services provider in Europe. It serves as a captive finance arm, supporting the sales of Volkswagen Group brands through financing, leasing, insurance, and mobility services.
| Metric | 2021 | 2022 | 2023 | |----------------------------|------------|------------|------------| | Total assets | €220B | €235B | €250B | | Operating profit | €4.3B | €5.1B | €5.6B | | Return on equity (RoE) | 15.2% | 16.5% | 17.1% | | Contract volume (millions) | 19.8 | 20.4 | 21.1 | financial services volkswagen
: It is the largest automotive financial provider in Europe, supporting brands like Audi, SEAT, ŠKODA, and Ducati through specialized branches. Use telematics to monitor driver behaviour and reduce costs
It is often said that car companies are essentially banks that sell cars to service the loans. While that is an exaggeration, it highlights the importance of financial services in the automotive industry. For consumers:
: Comprehensive coverage including motor vehicle liability, partial/full comprehensive insurance, and GAP insurance. Mobility on Demand : Integrated rental solutions, car sharing (via Greenwheels ), and flexible car subscriptions. 2026 Strategic Focus Electromobility
With operations in dozens of countries and a contract portfolio exceeding 28 million as of late 2024, VWFS has evolved from a traditional finance house into a comprehensive "Mobility Provider".
Volkswagen Financial Services targets a wide range of customers, including: