Volkswagen Financial Services (VWFS) wrote
£273 million worth of business in the month of March, a figure that
sets a new monthly record for the captive giant, and exceeds even
pre-recession monthly lending totals considerably.

VWFS, which wrote £1.7 billion in 2009, took
90 percent of the March total through dealership sales, a fact
which managing director Graham Wheeler says highlights the
company’s increasingly strong retail partnerships.

At present, a significant portion of VWFS’
April target is set to be filled by business from March awaiting
payout. As a result of this performance, the company’s headcount of
around 430 is set to increase in order to keep up with demand.

An in-depth look at VWFS’ record month
will be published in the May issue of Leasing Life.

Fred Crawley