Volkswagen Financial Services plans to reach a €1.5 Billion financing portfolio by 2026
Last year, Volkswagen Financial Services in Portugal made over 69,000 financing contracts. The company's goal is to more than double this portfolio in the next five years.
Volkswagen Financial Services in Portugal expects to reach a financing portfolio of around €1.5 billion by 2026. The company’s goal is to more than double the current portfolio, to have over 180,000 financing contracts and services.
Volkswagen’s strategy is to focus on business digitalisation and electric mobility, aiming to “facilitate the access of the Portuguese to the acquisition or enjoyment of vehicles of the group’s brands”, such as Volkswagen, Audi, Porsche, Ducati, Lamborghini and Bentley. Last year, Volkswagen Financial Services in Portugal made over 69,000 financing contracts, with the portfolio’s turnover reaching €640 million.
This strategy will also impact recruitment. “The coming years will bring a revolution to the hiring process, as we are implementing actions that will allow a complete dematerialisation of it,” signals João Rias, country manager of Volkswagen Financial Services Portugal, quoted in a statement. Next year, the company will “make a strong bet in after-sales products and services, as well as in the simplification of our sales process,” he adds.
During the ten years that the company has been present in Portugal, over €2 billion have been financed to more than 47,000 private and business customers. The investment made in the technological development of products and services reached a total of €25 million.
