Media information

8th August 2025

Volkswagen Group Mobility division continues on its growth path
after successful first half of 2025
 

Operating Result after six months at EUR 1.8 billion (+ 31.9 percent)

New contracts up 5.3 percent to 5.37 million units

Contract portfolio grows strongly to 28.35 million units (+ 9.7 percent)

Sharp worldwide rise in new contracts for fully electric vehicles (BEVs) from 141,933 to 244,245 units (+ 72.1 percent)

Volkswagen Bank deposits grow to reach EUR 63.6 billion (+ EUR 8.6 billion / + 15.6 percent) since the beginning of 2025 

Volkswagen Financial Services Overseas AG: Development very positive, especially in South America with rising penetration rates 

Forecast for full year 2025 confirmed: "Operating Result significantly above 2024"

The business division Volkswagen Group Mobility has successfully concluded the first half of 2025 and continues on its growth trajectory. In a market environment still marked by numerous macroeconomic challenges, the Operating Result for the first six months of the financial year 2025 totaled EUR 1.8 billion. This represents an increase of 31.9 percent compared to the first half of 2024. The prior-year result had been negatively impacted by currency effects related to the deconsolidation of our previously terminated business operations in Russia. Significant growth was achieved in both new contract acquisitions and the global contract portfolio: the number of new contracts rose by 5.3 percent to 5.37 million compared to the same period last year, while the contract portfolio climbed by 9.7 percent to 28.35 million units. The deposit base of Volkswagen Bank, a key factor for refinancing, increased by 15.6 percent (+ EUR 8.6 billion) to EUR 63.6 billion in the first six months of the year. 

The non-European business of Volkswagen Financial Services Overseas AG also performed positively over the first half of 2025. This was primarily driven by the dynamic developments in the service and insurance business in the South American markets. The earnings forecast for the Volkswagen Group Mobility division for the current financial year is therefore reaffirmed, with the Operating Result expected to finish significantly above that of the financial year 2024.

Dr. Christian Dahlheim

Dr. Christian Dahlheim,
CEO of Volkswagen Financial Services AG

"We have continued our growth trajectory based on our Life Cycle Offers strategy together with the Volkswagen Group brands in the second quarter of 2025. Our core business continues to develop positively, as evidenced by the growth in new contracts and the contract portfolio in recent months. Particularly dynamic and sustainable growth can be seen in the business segments of leasing, insurance, and services. Worldwide, new contracts for BEVs rose by 72.1 percent to 244,245 units, underlining our important role within the Volkswagen Group in driving the market ramp-up of electric mobility."

Dr. Ingrun-Ulla Bartölke

Dr. Ingrun-Ulla Bartölke,
CFO of Volkswagen Financial Services AG

"The strong half-year result from Volkswagen Group Mobility is once again clear evidence that we are on track to achieve our ambitious targets for 2025, despite the continuing volatility of the geopolitical and economic circumstances. Key drivers of this result include in particular the growth in the contract portfolio and the improving margin quality. We are therefore confirming our full-year forecast and continue to expect an Operating Result for 2025 that will be significantly higher than in the previous year. In addition, deposit levels at Volkswagen Bank – increasingly important for our refinancing – have risen to a record high."

Kai Vogler

Kai Vogler,
CFO of Volkswagen Financial Services Overseas AG

"We are very satisfied with the business performance in the markets served by Volkswagen Financial Services Overseas during the first half of the year. We recorded very positive developments across all relevant metrics, particularly in terms of volume, such as an almost 32 percent increase in the global insurance and service business. Especially noteworthy is the ongoing positive momentum in South America, where growth in Brazil and Argentina was markedly above average. The basis for this growth continues to be our excellent collaboration with the Volkswagen Group brands and the consistent implementation of our strategy."

Development of current contracts and new contracts 2024 vs. 2025

Current contracts worldwide
(in thousands*)

30 June 2025

30 June 2024

Change in %

Financing

4,766

5,122

- 7.0

Leasing

5,554

5,042

+ 10.2

Services

6,453

5,956

+ 8.3

Insurance

11,579

9,732

+ 19.0

Total

28,352

25,852

+ 9.7

New contracts worldwide
(in thousands*)

January to
June 2025

January to
June 2024

Change in %

Financing

846

852

- 0.7

Leasing

1,125

1,069

+ 5.2

Services

1,194

1,138

+ 4.9

Insurance

2,200

2,036

+ 8.1

Total

5,366

5,095

+ 5.3

*rounded figures

About the Volkswagen Group Mobility business division

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 Board of Management of Volkswagen Financial Services AG and Volkswagen Financial Overseas AG report on the Volkswagen Group Mobility business division for Volkswagen AG as part of the financial reporting. Further information can be found at www.vwfs.com.

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