Press Release

Volkswagen Financial Services have already been using the MyDigitalCar technology since 2019 in a pilot operation with a special permit from the government of the federal state of Lower Saxony. Since then, several hundred official company cars operated by the company in Braunschweig have been registered digitally and in a legally compliant manner. Initial trials with selected vehicle dealerships have also resulted in consistently positive feedback.

MyDigitalCar will start offering its services throughout Germany on 1 September 2023. The legal basis for digital vehicle registration by companies – an initiative of the Federal Ministry of Transport – was adopted in March in the Federal Council or Bundesrat, the second chamber of the German parliament. Many companies can make use of the range of services provided by MyDigitalCar. Beneficiaries include vehicle dealerships, fleet operators, and leasing and rental car companies. This adds up to potentially several million digital registration processes per year. Operators of smaller fleets can also use MyDigitalCar.

"Our platform offers smaller fleet operators a turnkey digital service for vehicle registration. The platform can also be integrated into existing IT landscapes and therefore enables the reuse of data about the vehicle and the owner/keeper that is already available digitally," said Markus Linde from Sopra Steria, one of the two managing directors of the newly founded MyDigitalCar GmbH.

Important step towards the digitalization of vehicle registrations

The digital services of MyDigitalCar encompass all the relevant vehicle registration processes such as the registration of new and used vehicles and the decommissioning or deregistration. The platform will be successively expanding the services it offers. The aim is to build up a comprehensive digital marketplace for vehicle registration services.

"The advantages for the customer are obvious: the vehicle can be digitally registered directly at the car dealership, for example, and can then be driven in traffic immediately by the registered keeper of the vehicle. The registration is faster and more convenient, and this is a first in Germany," explained Klaas Köneke from Volkswagen Financial Services, who is the other managing director of the newly founded MyDigitalCar GmbH.

By offering these services, the joint venture partners Volkswagen Financial Services and Sopra Steria are making a significant contribution to optimizing economic efficiency in the area of vehicle management for companies. This is an important step towards a fully digital vehicle registration system – looking ahead, even without the need for vehicle documents in paper form at all, provided that sustained efforts continue in the field of digitalization.

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of the financial service business of the Scania brand and of Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, bank and insurance activities, fleet management and mobility services. Volkswagen Financial Services have a total of 17,713 employees worldwide – including 7,692 alone in Germany. Volkswagen Financial Services report total assets of around EUR 240 billion, an operating profit of EUR 5.60 billion, and a portfolio of around 22.0 million current contracts (as at: 31.12.2022).