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SEARCHBOCA RATON, Fla. -- The financing division of Volkswagen of American Inc., VW Credit Inc., is planning on boosting its auto loan portfolio 67 percent.
BOCA RATON, Fla. -- The financing division of Volkswagen of American Inc., VW Credit Inc., is planning on boosting its auto loan portfolio 67 percent.
According to Peter Schupp, treasurer of Volkswagen of America Inc., the company wants to expand its portfolio from $18 billion to $30 billion over the next five years.
Estimates by Momentic Research indicated that VW Credit had $16.6 billion portfolio at the end of 2003, according to Auto Finance News. The estimate was 15 percent higher than a year earlier. At the end of 1998, VW´s portfolio was at $10.8 billion.
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