Porsche Finance Group has increased the volume of automobile financing almost threefold during the first half of the year 2012


15.08.2012 Porsche Finance Group, financing purchase of Volkswagen, Audi and Porsche automobiles, has successfully finished the first six months of the current year. Over the first half of the current year the company provided loan and leasing agreements’ financing of purchase of 2617 automobiles, which is almost three times more than during the same period of the previous year. The number of leasing agreements brought into action grew to 820, that is 1.7 times more compared with the same period of the year 2011; the number of credit agreements increased for 3.5 times to the total amount of 1797. Totally, for 6 months of the year 2012 Porsche Finance Group has financed more automobiles, than during the full year 2011.

 

According to Porsche Finance Group, the deal of automobiles marketed with the help of financing in Ukraine is being reduced, making at the present moment about 15% of the total amount of sold vehicles. Despite the negative tendency, the deal of Volkswagen and Audi automobiles, marketed with the help of credit and leasing agreements, amounts about 25%.

 

Almost 98% of the company’s portfolio is made up of Volkswagen and Audi automobiles. Among the Volkswagen models, purchased through financing, Polo Sedan, Passat B7, Tiguan, Touareg NF are in the lead. Concerning the Audi line-up, there is the highest demand for A6, Q7, A7 Sportback and Q5 models.

 

“At the beginning of the year we’ve got very ambitious plans, as we expected to provide financing for 3500 automobiles, – says Josef Graf, the Chairman of the Management Board of Porsche Finance Group. – But at the present moment we’ve realized, that due to our reasonable strategy and the active work of our dealers, we’ll probably reach the number of 5000”.

 

Porsche Finance Group is represented in Ukraine by Porsche Leasing Ukraine and Porsche Mobility. They are owned by the Austrian Porsche Bank, which belongs to Porsche Holding. In Ukraine, Porsche Finance Group renders financial services, operational leasing and car loans for such brands as Volkswagen, Audi and Porsche, both for corporate entities and individuals, being the market leader in financing car purchases.