Porsche Finance Group entered the top five in providing car loan services

6.11.2012 According to the information and analytical group called Autoconsulting, more than 150,000 automobiles have been sold out in Ukraine during the first eight months of 2012. At the same time, car loans continue to stay in demand among buyers. According to Porsche Finance Group’s estimation, every fifth car has been purchased on credit conditions from January to August 2012. The Porsche Mobility Company, which is the subdivision of Porsche Finance Group, has entered the top five leaders on car loan services with a market share of more than 8%. Porsche Mobility has appeared in one row with the leading market players, being able to oust the well-known banks, which have a multiyear experience in the automobile crediting and offer loans on a huge variety of car brands.


Thus, during January-August 2012 almost 30 thousand of cars were sold on credit in Ukraine; 2,5 thousand among them belong to Volkswagen, Audi and Porsche models, purchased through official dealers with the help of Porsche Mobility loaning.


Generally, during this period about 13 thousand of Volkswagen and Audi automobiles were sold out, which is approximately 8,5% from the total amount of cars sold in Ukraine. Nearly every fourth automobile of the mentioned brands has been purchased through Porsche Finance Group financing on credit and leasing terms.


As of Josef Graf, CEO of Porsche Finance Group, such results testify that Porsche Finance Group has strong positions not only in leasing services segment, but also in automobile loaning: “Credits on purchasing automobiles remain to be popular among Ukrainians. The fact that our subdivision on loaning, the Porsche Mobility Company, has entered the top five leaders on the market, proves, that buyers have appreciated our benefits and trust us in such the important question”.


Porsche Finance Group is represented in Ukraine by Porsche Leasing Ukraine, Porsche Mobility and Porsche Insurance Agency. They are owned by the Austrian Porsche Bank, which belongs to Porsche Holding. In Ukraine, Porsche Finance Group provides 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. In addition, Porsche Finance Group offers fleet management services for corporate clients, and acts as an intermediary in providing insurance policies for their customers.