Volkswagen Group Mobility is a business area of the Volkswagen Group
Under the motto „Mobility for generations to come“, the Volkswagen Group is continuing to drive its transformation into a mobility provider. In the coming years, the Group intends to consolidate the entire ecosystem of mobility services offered by its brands on a common platform. To achieve this goal, the Volkswagen Group's financial and mobility services companies within Volkswagen Group Mobility are working closely together to leverage synergies and offer future-oriented mobility solutions for their respective markets and customer groups.
Volkswagen Group Mobility is a business division of the Volkswagen AG group of companies and comprises Volkswagen Financial Services AG along with its subsidiaries and affiliates (e.g. Volkswagen Bank GmbH and Volkswagen Leasing GmbH), Volkswagen Financial Services Overseas AG, Porsche Financial Services GmbH, Volkswagen Credit Inc. (USA) and Volkswagen Credit Canada Inc.
The key business fields embrace dealer and customer financing, leasing, bank and insurance activities, fleet management, and mobility services. The companies of Volkswagen Group Mobility have a total of 18,045 employees worldwide – including 7,501 alone in Germany. Volkswagen Group Mobility reports total assets of around EUR 282 billion, an operating profit of EUR 3.0 billion, and a portfolio of around 26.7 million current contracts (as at 31.12.2024).
The companies reporting under the Volkswagen Group Mobility division are an integral part of the Volkswagen Group and support the sales of the automotive brands with their financial and mobility services – globally and customer-focused.
Financial services have played an important role within the Volkswagen Group for many decades. Whether they involve leasing, financing, rental, insurance, vehicle warranties, or maintenance packages, these services are an essential part of the decision-making process for customers nowadays when choosing their desired vehicle. For many years, therefore, the companies of Volkswagen Group Mobility have been promoting customer loyalty and generating significant business results for the Volkswagen Group.
Key figures of Volkswagen Group Mobility
| 2024 | 2023 | % | ||
|---|---|---|---|---|
| Number of contracts | thousands | 26,668 | 22,275 | + 3.5 |
| Customer financing | 4,968 | 5,299 | - 6.2 | |
| Leasing | 5,242 | 4,888 | + 7.2 | |
| Services | 6,244 | 5.782 | + 8.0 | |
| Insurance | 10,214 | 9,801 | + 4.2 | |
| Customer deposits | € million | 55,000 | 38,178 | + 48.6 |
| Total assets | € million | 282,470 | 267,777 | + 5.5 |
| Equity | € million | 40,768 | 39,924 | + 3.1 |
| Equity ratio | % | 14.4 | 14.9 | - 2.7 |
| Operating result | Mio. € | 3,0 | 3,253 | - 7.7 |
| Employees at Dec. 31 | 18,045 | 18,171 | - 0.7 |
