Porsche Finance Group in 2012 signed 10,000-th contract on vehicle purchase financing


28.01.2013 Porsche Finance Group (PFG), which provides services on finance and operating lease and credit for Volkswagen, Audi, Seat and Porsche vehicles purchase, entered top four auto lending market players at the end of 2012. The company finished 2012 by signing its 10,000th contract which allowed to achieve 8% of auto lending market share and to become the second largest vehicle lessor in Ukraine. Throughout the year PFG focused on strengthening its leadership positions on vehicles purchase financing market, as well as on growth in new segments of business.

«Throughout 2012 we remained active, honest and payable market player while the majority of banks essentially limited crediting because of crisis situation, - comments Board Chairman Josef Graf. – Generally, 2012 was very successful for us. The company improved its positions on market, implemented new services and almost doubled the team of professionals».

In 2012 PFG successfully developed its insurance division. The company established its own insurance agency and now is able to offer insurance products of the partners (CASCO and CR) to the clients who pay in cash. In case of credit purchase, the company offers CASCO policy with the delay of payment. This helps to save from 5% of the cost of vehicle depending on the insurance rate.

PFG clients also had an opportunity to esteem the advantages of cooperation with the company, thanks to a new online service “Personal office”. The service allows clients to obtain information about the details of their contract, payment schedule and other financial details any time. And for fleet clients PFG implemented the service of own fleet management.

An important stage of PFG development was beginning of partnership with SEAT that allowed offering Ukrainian market financing purchase of a unique vehicle SEAT Ibiza ST.

According to information and analytics group “Autoconsulting”, auto lending market indicators for 2013 will be 217 581 cars and 14 603 commercial vehicles. Hence, the experts do not anticipate any essential market growth. Nevertheless, PFG aims at achieving 25% of market share from basic brands sales (Volkswagen and Audi). The company expects a significant dynamics for the new brand Seat no les than 25%, and on the long term perspective – about 40%. Also, PFG plans to develop collaboration with small enterprises which yet have not been actively using the services of fleet management.

Porsche Finance Group is represented in Ukraine by companies “Porsche Leasing Ukraine”, “Porsche Mobility” and “Porsche Insurance Agency”. They are the property of Austrian “Porsche Bank”, which in its turn belongs to “Porsche Holding” (Volkswagen AG). In Ukraine Porsche Finance Group offers services on financial, operational leasing and crediting of vehicles Volkswagen, Audi, Seat and Porsche both for legal entities and individuals and holds the position of a market leader. Besides, Porsche Finance Group offers corporate clients fleet management services and acts as an intermediary in insurance polices issue for vehicle buyers.